In this podcast episode, Michael Hewson and Michael Brown (from our sponsor Pepperstone) discuss the current state of the UK markets, focusing on the sharp rise in bond yields and the implications for the economy. They explore the dynamics of the UK bond market, the challenges of stagflation, and the performance of the retail sector amidst changing consumer confidence. The conversation also touches on upcoming economic indicators, including GDP and inflation data, as well as insights into the banking sector and the upcoming earnings season. The hosts emphasize the importance of having a clear plan in trading and investment strategies.