What Goes Up

By Bloomberg

What's What Goes Up about?

Hosts Mike Regan and Vildana Hajric are joined each week by expert guests to discuss the main themes influencing global markets. They explore everything from stocks to bonds to currencies and commodities, and how each asset class affects trading in the others. Whether you’re a financial professional or just a curious retirement saver, What Goes Up keeps you apprised of the latest buzz on Wall Street and what the wildest movements in markets will mean for your investments.

Download our free app to listen on your phone

LAST EPISODE

(Mis)interpreting the Fed

02.03.2023

Morgan Stanley’s Jim Caron joined the What Goes Up podcast to dissect this week’s US Federal Reserve meeting and analyze how markets may have misinterpreted the message being sent by Chair Jerome Powell. “This is a guy who’s worried about ...

What Goes Up episodes:

02.03.2023 (Mis)interpreting the Fed Morgan Stanley’s Jim Caron joined the What Goes Up podcast to dissect this week’s US Federal Reserve meeting and analyze how markets may have misinterpreted the message being sent by Chair Jerome Powell. “This is a guy who’s worried about ...
01.27.2023 AlphaSimplex on Embracing the 'Uncomfortable' The rare bright spots for investing last year were those strategies that follow trends in markets rather than fundamentals. This successful approach included the AlphaSimplex Managed Futures Strategy Fund, which returned more than 32% for the year. Kathryn Kaminski, chief ...
01.20.2023 Fading the New Year's Bounce The stock market got off to a roaring start this year with the S&P; 500 at one point clocking a year-to-date gain of more than 4%. Truist Wealth Co-Chief Investment Officer Keith Lerner, however, is skeptical of the New Year ...
01.13.2023 Savita Subramanian's Earnings-Season Reality Check Get ready for some bad earnings-season news. That’s the call from Savita Subramanian, the head of equity and quantitative strategy at Bank of America, who is expecting a 10% drop in earnings that will likely keep a lid on the ...
01.06.2023 Fidelity Sees a Return to Bear-Market Lows The US Federal Reserve’s commitment to higher interest rates and the potential for a recession in 2023 will combine to damage corporate earnings—damage that likely will cause the stock market to revisit its bear-market lows, warns Jurrien Timmer, director of ...
12.30.2022 SBF's Love of Risk Before his FTX cryptocurrency empire collapsed, many of Sam Bankman-Fried’s public statements indicated that he made decisions “as though he had no risk aversion,” according to Victor Haghani, the founder and chief investment officer of Elm Partners Management and a ...
12.23.2022 JPMorgan's Obituary for Globalization The decades-long trend of globalization has come to an end and the fracturing of geopolitics will have huge implications for capital markets and investing in 2023, according to strategists at JPMorgan Chase & Co. Jared Gross, head of institutional portfolio ...
12.16.2022 The Calendar Won't Cure the Chaos Don’t expect volatile equity-market swings to go away when the calendar flips to 2023, says Edward Jones senior investment strategist Mona Mahajan, who advises focusing on defensive and value stocks in the new year. But there is hope for later ...
12.09.2022 TINA's Dead and Bonds Are Back Bonds are back—and they appear to be the preferred asset class as we head into the uncertain economic environment in 2023, according to Gargi Chaudhuri, head of investment strategy for the Americas at BlackRock’s iShares unit. She joined this week’s ...
12.02.2022 5% Inflation for a Decade? Expectations that inflation will normalize to near 2% in the near term will “end in tears,” according to Vincent Deluard, the director of global macro strategy at brokerage StoneX Financial. He contends growth in consumer prices will remain closer to ...
11.23.2022 FTX 'Horror Stories' in the Bahamas The implosion of Sam Bankman-Fried’s FTX empire dealt a harsh blow to the Bahamas’ ambitions to be a hub for the crypto industry, and it’s causing massive pain for locals who treated the now-bankrupt exchange like a bank. Stephane Ouellette, ...
11.18.2022 Life in Crypto After FTX The collapse of Sam Bankman-Fried’s FTX cryptocurrency empire was accelerated when the head of a rival exchange announced he was planning to dump holdings of something called FTT—a token created by FTX that afforded some perks to investors who owned ...
11.11.2022 FTX Shows Crypto Still the ‘Wild West’ FTX Cryptocurrency Exchange rattled the financial world this week when a crisis of investor confidence triggered a run, forcing the company to scramble for a buyer or bailout to avoid collapse. Joining the What Goes Up podcast to discuss the ...
11.04.2022 Institutions' Slow-Motion Crypto Embrace Cryptocurrency news this year has been filled with stories about how institutional investors are embracing digital assets. So if more big players are entering the space, why are prices for Bitcoin, Ether and other tokens so depressed compared with last ...
10.28.2022 The Worst Way to Fix Inflation There are better ways to combat inflation than destroying demand with interest-rate increases, according to Nela Richardson, chief economist for payroll giant Automatic Data Processing Inc. She joined the latest What Goes Up podcast to give her take on half-century ...
10.21.2022 The Fed Is Playing a ‘Dangerous Game’ The stock market has been getting very volatile as the US Federal Reserve continues its historic effort to squash rising prices. Proclamations from policymakers suggest the central bank won’t let up until inflation is under control—even if it means trouble ...
10.14.2022 Paul Volcker, Market Psychologist Another hot inflation reading this week underscores the importance of the US Federal Reserve’s campaign to tame decades-high increases in consumer prices, with many market observers evoking the memory of a similar effort by the central bank’s larger-than-life former chairman, ...
10.07.2022 Flash Boys in the Crypto Cloud Institutional investors are playing a more-influential role in crypto markets as retail traders retreat, and that explains much of the recent range-bound price action, according to Michael Safai of proprietary trading firm Dexterity Capital. “We might have been playing checkers ...
09.30.2022 Liz Truss's Ronald Reagan Moment UK Prime Minister Liz Truss triggered the latest wave of turbulence in global markets after announcing economic plans that include unfunded tax cuts. The move crushed the value of the pound while sending the already struggling country’s borrowing costs soaring. ...
09.23.2022 A Quant's Take on Inflation Sometimes it feels like you need to be a rocket scientist to trade successfully in modern markets. Well, George Patterson used to be one, having began his career at NASA’s Jet Propulsion Laboratory before turning his attention to investing with ...
09.16.2022 A 'Cheat Code' for the Bond Market George Cipolloni’s son is a video-game aficionado, and the teenager’s language has clearly worn off on his father. Indeed, the portfolio manager at Penn Mutual Asset Management jokes he’s found a “cheat code” in the bond market that’s helped his ...
09.09.2022 The Long Runway for Bond Shorts Selling bonds short—a trade that for decades hadn’t worked consistently—has helped fuel a 37% return so far this year for the managed-futures strategy fund at AlphaSimplex Group. And the trade looks like it has further to go, according to Kathryn ...
09.02.2022 A Farmer's Take on the Economy Rising food prices have been one of the big drivers of inflation this year as farmers across America were hit with price spikes for fertilizer and fuel. They’ve also been forced to grapple with lingering supply-chain issues and labor shortages. ...
08.26.2022 Siegel on Inflation, the Fed and Meme Stocks Jeremy Siegel, a longtime professor of finance at the University of Pennsylvania’s Wharton School and author of “Stocks for the Long Run,” joined the latest episode of the “What Goes Up” podcast alongside Jeremy Schwartz, global chief investment officer at ...
08.19.2022 How to Beat the S&P 500 by 30 Percentage Points By mimicking strategies common among some quantitative hedge-fund firms, the iM DBi Managed Futures Strategy ETF has surged 21% so far this year—beating the S&P; 500 Index by about 30 percentage points. Andrew Beer, one of the managers of the ...
08.12.2022 Beware an 'Inflation Head Fake' The chief investment officer of Morgan Stanley Wealth Management has a warning for investors who are chasing the latest rally in stocks: Don’t get too excited about a potential peak in inflation after the consumer price index cooled off a ...
08.05.2022 Fighting Inflation With ETFs Investors are turning to some thematic exchange-traded funds to hedge against inflation and take advantage of the renewed performance of value stocks this year, according to Jay Jacobs, US head of thematics and active equity ETFs at BlackRock. Jacobs joined ...
07.29.2022 Reading the Fed Tea Leaves Mimi Duff, senior client adviser at the $3 billion registered investment adviser GenTrust, joined this week’s “What Goes Up” podcast to discuss the outlook for markets, the economy and borrowing costs following the latest Federal Reserve interest-rate increase and a ...
07.22.2022 Citi Sizes Up the Markets While China’s stock market has been seen as a pariah by some global investors this year, Citigroup is taking a contrarian view, positing a bullish outlook for the nation’s equities even while favoring defensive stocks in the US. Shawn Snyder, ...
07.15.2022 New Risk: Self-Fulfilling Recession Calls Mark Zandi, who has been an economist for more than three decades, says he’s never seen so many people convinced that a recession is imminent. And while he believes the US economy can still avoid an economic downturn, sentiment is ...
07.08.2022 How Amateurs Lost Billions on Options During the day-trading craze that erupted amid the Covid-19 pandemic’s lockdowns, market professionals repeatedly warned a new flock of Reddit-reading, Robinhood-using retail investors that equity options were risky, and that bold bets in that market could end badly. It turns ...
07.01.2022 Cash Is Not Trash It’s a common motto among investors: Cash is trash. But Oksana Aronov, head of market strategy, alternative fixed income at J.P. Morgan Asset Management, says not so fast. “I’ve been hearing about investors losing money sitting in cash, and that ...
06.24.2022 Bracing for a Recession Fiona Cincotta, senior financial markets analyst at City Index in London, joined this week’s “What Goes Up” podcast to discuss what she expects in markets, especially as US investors brace for what some say is the increasing potential for recession. ...
06.17.2022 Revenge of the Hedge Funds Anastasia Amoroso, the chief investment strategist at iCapital, joined the latest episode of “What Goes Up” to discuss the market volatility that followed the US Federal Reserve’s interest-rate hike and how hedge funds are attracting client interest again after years ...
06.10.2022 Stock Market Gets Ironic It’s a market environment that Alanis Morissette could write a verse about. Any positive upcoming US economic data may very well receive a poor reaction in the stock market, since it could embolden the Federal Reserve to continue its aggressive ...
06.03.2022 What This Money Manager Learned Traveling in Covid-Zero China Wenting Shen, an analyst and portfolio manager at Harding Loevener, is traveling through China while navigating the country’s strict Covid-zero policies, visiting executives at the companies she covers to see how they’re faring. She joins the latest episode of “What ...
05.27.2022 `I Need a Solid Panic’ Victoria Greene, founding partner and chief investment officer at Texas-based G Squared Private Wealth, joined the latest episode of “What Goes Up” to discuss the mood of clients and why she thinks the 2022 market selloff isn’t over yet. “Not ...
05.20.2022 One Word That Triggers Putin Daniel Yergin was at the St. Petersburg International Economic Forum in 2013 when he got a daunting request: Could he pose the first question from the audience to Vladimir Putin? “I started to ask a question, I mentioned the word ...
05.13.2022 Is Beyoncé Recession-Proof? As the Federal Reserve’s efforts to tame inflation roil both stocks and bonds, investors everywhere are struggling to figure out the best way to play defense in markets amid concerns that a recession is on the horizon. One of the ...
05.06.2022 The Case for a Soft Landing The U.S. Federal Reserve’s effort to tame inflation with aggressive interest-rate hikes has some investors worried that a recession is inevitable, leading to a plunge in stock prices this year. Not so fast, says Jeremy Zirin, senior portfolio manager and ...
04.29.2022 Irrational Exuberance Is Dying (Again) Former Federal Reserve Chairman Alan Greenspan famously used the phrase “irrational exuberance” to describe the euphoric investor sentiment that sent tech stocks soaring in the late 1990s. And everyone knows what happened next, when that exuberance wore off. Now, history ...
04.22.2022 Better Days Ahead? Investors have a lot to worry about: Russia’s war on Ukraine, inflation, Covid-19 and China’s lockdowns reigniting supply-chain woes— the list goes on. As a result, many money managers have ratcheted down their expectations for stock returns this year. But ...
04.15.2022 Clear as Mud It’s been difficult for even the most-seasoned veterans to discern a market message right now. Oil’s up one day and stocks fall. The next day, crude prices rise and so do stocks. Or bonds rally, and so do equities, and ...
04.08.2022 Globalization’s Public Defender Adam Posen, president of the Peterson Institute for International Economics, joined this week’s “What Goes Up” podcast to discuss how Russia’s invasion of Ukraine threatens to further separate the world’s economies, and how a 20-year-long backlash to globalization is causing ...
04.01.2022 Sunburn and Frost Bite David Bianco, chief investment officer of the Americas for fund manager DWS Group, joined the “What Goes Up” podcast to discuss his cautious near-term outlook for the stock market: “We're quite concerned about the longevity of this cycle. I feel ...
03.25.2022 The Great Wormhole Robbery Dave Olsen, president and chief investment officer of Jump Trading Group, joined this week’s “What Goes Up” podcast to discuss his firm’s investment in cryptocurrency markets, and why it spent $320 million to rescue a project called Wormhole after hackers ...
03.18.2022 Fed Hawks Take Flight The Federal Reserve raised interest rates by a quarter percentage point and signaled that six more such increases are likely this year—essentially fulfilling what markets were already pricing in. Bloomberg’s Edward Harrison and Ben Emons of Medley Global Advisors join ...
03.11.2022 Will OPEC Ride to the Rescue? The OPEC+ oil cartel may not ramp up oil production enough to offset the loss of Russian supply that has sent crude above $100 a barrel, according to Javier Blas. Blas, the co-author of “The World For Sale: Money, Power, ...
03.04.2022 Markets in Wartime When assessing what a political leader is going to do, Marko Papic doesn’t pay much attention to what the person’s desires are. Instead, he looks at what he calls “material constraints.” In other words, what factors will limit the leader’s ...
02.25.2022 Learning to Love Crypto Volatility Meltem Demirors, chief strategy officer at CoinShares International Ltd., joined the “What Goes Up” podcast to discuss this year’s collapse in cryptocurrencies and how traditional financial institutions are growing more comfortable with the asset class’s volatility. See omnystudio.com/listener for privacy ...

Older episodes

What Goes Up

What's What Goes Up about?

Download our free app to listen on your phone

What Goes Up episodes:

(Mis)interpreting the Fed

AlphaSimplex on Embracing the 'Uncomfortable'

Fading the New Year's Bounce

Savita Subramanian's Earnings-Season Reality Check

Fidelity Sees a Return to Bear-Market Lows

SBF's Love of Risk

JPMorgan's Obituary for Globalization

The Calendar Won't Cure the Chaos

TINA's Dead and Bonds Are Back

5% Inflation for a Decade?

FTX 'Horror Stories' in the Bahamas

Life in Crypto After FTX

FTX Shows Crypto Still the ‘Wild West’

Institutions' Slow-Motion Crypto Embrace

The Worst Way to Fix Inflation

The Fed Is Playing a ‘Dangerous Game’

Paul Volcker, Market Psychologist

Flash Boys in the Crypto Cloud

Liz Truss's Ronald Reagan Moment

A Quant's Take on Inflation

A 'Cheat Code' for the Bond Market

The Long Runway for Bond Shorts

A Farmer's Take on the Economy

Siegel on Inflation, the Fed and Meme Stocks

How to Beat the S&P 500 by 30 Percentage Points

Beware an 'Inflation Head Fake'

Fighting Inflation With ETFs

Reading the Fed Tea Leaves

Citi Sizes Up the Markets

New Risk: Self-Fulfilling Recession Calls

How Amateurs Lost Billions on Options

Cash Is Not Trash

Bracing for a Recession

Revenge of the Hedge Funds

Stock Market Gets Ironic

What This Money Manager Learned Traveling in Covid-Zero China

`I Need a Solid Panic’

One Word That Triggers Putin

Is Beyoncé Recession-Proof?

The Case for a Soft Landing

Irrational Exuberance Is Dying (Again)

Better Days Ahead?

Clear as Mud

Globalization’s Public Defender

Sunburn and Frost Bite

The Great Wormhole Robbery

Fed Hawks Take Flight

Will OPEC Ride to the Rescue?

Markets in Wartime

Learning to Love Crypto Volatility