FT News Briefing Unhedged: Markets had an incredible year. Can that continue?
27 snips
Dec 26, 2025 
Ian Smith, a Senior Markets Correspondent at the Financial Times, joins Katie Martin and Rob Armstrong to dissect the incredible resilience of the US stock market and its future. They explore the surprising recovery from early-year shocks and the impact of AI on corporate earnings. The trio debates the potential risks of inflation and offers insights into fiscal policies that could boost markets. Plus, they weigh in on global market trends, K-Pop stocks, and the consensus among investors, raising questions about what could derail this bullish momentum.
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Markets Proved Remarkably Resilient
- Markets were resilient in 2025 despite political shocks and trade fears.
- Strong corporate earnings and AI investment powered the rally, Ian Smith said.
Taco Trade Became Wall Street Lore
- Robert Armstrong coined the