What's brewing? With Matt and Guy

The biggest market risk today might not be economic.

In the newest episode of “What's Brewing? With Matt & Guy”, Head Political & Government Affairs Matt Holmes and Chief Market Strategist & Economist Guy Miller explore how geopolitics are shaping markets and economies, from energy price shocks and rising bond yields to the political consequences of mounting affordability pressures.

• Will higher energy costs influence the outcome of upcoming elections?
• Are rising bond yields becoming a greater threat to markets than inflation itself?
• Could political polarization reshape the policy environment for businesses and investors?
• What role will regulation play in the future of AI?

Why the next market shift may come from politics, not economics.
 
In this episode of "What’s Brewing? With Matt & Guy", Head Political & Government Affairs Matt Holmes and Chief Market Strategist & Economist Guy Miller unpack the forces shaping today’s economic landscape from geopolitics to AI.

- Is AI going to end humanity now?
- What's the impact of Middle East conflict on energy markets and global trade?
- What does it all means for growth, inflation and investment outlook?

The latest escalation in the Middle East is doing more than moving energy prices. It could reshape the 2026 macro story.

In this episode of "What's Brewing", Head of Political & Government Affairs Matt Holmes and Chief Market Strategist & Economist Guy Miller unpack:

• How higher input costs could change central bank paths
• Why this conflict could ripple through inflation, interest rates and global growth
• How affordability, migration and security are reshaping politics in the U.S. and Europe
• Why Asia seems to take a quieter stance, including China's long game on supply chains and Taiwan

In Episode 9 of "What’s brewing? With Matt and Guy", Zurich's Head Political and Government Affairs together with Chief Market Strategist and Economist unpack the disconnect between geopolitical brinkmanship and booming financial markets, why investors have learned to “look through” the noise, and where the real risks may be hiding, from AI being a productivity boom (not a bubble) to inflation quietly creeping back onto the radar.