At my first training session today, I was accompanied by the Financial Times Unhedged podcast, a sharp, clear-eyed take on the ups and downs of the moment. The noise is loud, the swings are real, but the underlying ground remains the same.
As discussed in the FT Unhedged podcast, this is worth pointing out precisely because political headlines can create the illusion of structural change. In reality, nothing has changed. US equities and options remain the core arena for global risk. Scale, liquidity, and derivatives depth are unmatched, meaning that even when uncertainty originates elsewhere, positioning, hedging, and price discovery still resolve through US markets, and for now, there is no viable substitute.
https://podcasts.apple.com/se/podcast/unhedged/id1691284824?l=en-GB&i=1000746256612
