Street Signals

Quantified measures of US trade and economic policy uncertainty are no longer at all-time highs, yet the global growth outlook for the rest of 2025 can still only be judged through a glass darkly.  Indigestion of expanded supply in global fixed income markets similarly clouds the appeal of risky assets. Which makes the resilience of equity markets, and particularly the reversal in US stocks back towards all-time highs, all the more impressive. Marija Veitmane, our global head of equity strategy, joins the podcast to discuss whether a resumption of the strength of recent years is coming, whether equities now merit inclusion in the pantheon of safer assets and to what degree institutional investor preferences are behind one of the more remarkable buys of the dip in recent decades. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

The near-constant fluctuation of tariff rates and their implementation dates has rendered economic forecasting an exercise in futility, at both the macro and micro level. But when supply chain disruptions loom, it’s best to hear from Craig Fuller, CEO and founder of FreightWaves, a provider of near real-time data and analysis on all phases of delivery in the global goods economy. From container shipping and port data to domestic trucking rates, the insights provided by Craig and his team are invaluable in understanding how the disruptions of today transmit into economic data in the coming quarters. In this very special episode of the podcast, we talk through the current tariff turmoil and how he sees supply chains evolving to meet the challenges of a trade war. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Robin Tsui, APAC Gold Strategist at State Street Global Advisors, joins the podcast to break down what’s driving the surge in demand for gold over the past three years. From inflation fears to geopolitical risk, gold has reclaimed its shine as both a safe haven and strategic asset. Robin explains how central bank buying, ETF flows, and shifting investor sentiment are shaping the gold market—and what it could mean for the rest of 2025. Whether you’re a bullion believer or a curious skeptic, this is your inside look at the forces behind the precious metal's golden moment. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

This week, we take Street Signals on the road. As we travel through four countries in the Middle East, Dale Haver, Global Head of FX Sales at State Street Markets, joins us for a quick but expansive chat on FX markets past and present. We talk through the most impactful evolutions in the client experience over a long career in currencies, as well as what's on the horizon. Current markets are never far from our minds though - especially given a certain US President seems to be following us around the region while we're here. A discussion of where the risk cycle goes next and how to the think about US dollar risk provide a fitting conclusion given events on the ground. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

After an episode of extreme, headline-driven volatility in April, financial markets have shifted to docility in May. Position risks in equity and FX markets are now much reduced and, absent further clarity on US trade and fiscal policies, a wait-and-see approach is the order of the day. Fatigue has set in and, as our guest this week, Lee Ferridge, Head of Macro Strategy for the Americas at State Street Markets, notes, high conviction views are in short supply. This week, we think about how to navigate the onset of summer and whether the ennui of recent weeks makes it a time to 'sell in May and go away', as the old trading adage goes. Or, if just the 'go away' part will suffice. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.