Trading Global Macro Podcast

In this episode of the Trading Global Macro Podcast, Matt Weller and John Kicklighter examine what makes an asset a “safe haven,” why the catalyst for market stress matters, and how different assets may respond as risk aversion intensifies. The discussion covers the spectrum of safe-haven behavior, from blue-chip stocks versus high-growth tech names, to the traditional stock-bond allocation shift,...

Trading Global Macro Podcast – Ep. 25 In this episode of the Trading Global Macro Podcast, John Kicklighter and Matt Weller examine one of the strongest currents underlying the markets today: market concentration. The discussion explores how concentration develops through stock indices, earnings and broader investor risk appetite. They compare today's AI-driven leadership with historical examples...

Trading Global Macro Podcast – Ep. 24 In this episode of the StoneX Trading Global Macro Podcast, John Kicklighter and Matt Weller discuss how traders can use correlation across forex, equities, commodities, interest rates and crypto without mistaking the alignment for causation. They cover how correlations can support hedging, confirm breakouts, identify systemic influences like ‘risk-on/risk-off...

Trading Global Macro Podcast – Ep. 23 In this episode of the Trading Global Macro Podcast, John Kicklighter and Matt Weller examine the growing divergence between Wall Street and Main Street. With the S&P 500 hitting record highs while consumer sentiment falls to historic lows, they break down the drivers behind this disconnect, including corporate profitability, pricing power, and consumer pr...

Trading Global Macro Podcast – Ep. 22 In this episode of the Trading Global Macro Podcast from StoneX, Matt Weller and John Kicklighter are joined by Vincent Deluard, Director of Global Macro Strategy at StoneX, for a deep dive into the evolving Federal Reserve backdrop. The conversation explores the likely transition from Jerome Powell, the implications of a more politically charged Fed, and whet...

Trading Global Macro Podcast – Ep. 21 In this episode of the Trading Global Macro Podcast from StoneX, Matt Weller and John Kicklighter examine how the escalating US-Iran conflict and the closure of the Strait of Hormuz are reshaping the global macro outlook for 2026. The conversation focuses on one of the biggest questions facing markets right now: are central banks done cutting rates, and could...

Trading Global Macro Podcast – Ep. 20 In this episode of the Trading Global Macro Podcast from StoneX, John Kicklighter and Matt Weller examine the so-called “TACO trade” associated to US President Donald Trump, which describes the idea that controversial policies are reversed when markets push back. While the acronym may be associated to the controversial US President, it may not be all that unus...

Trading Global Macro Podcast – Ep. 19 In this episode of the Trading Global Macro Podcast, Matt Weller and John Kicklighter break down sentiment as the “third leg of the stool” alongside fundamentals and technicals, and explore how emotions, expectations, and positioning can amplify trends, reversals, and volatility. They walk through a practical framework for evaluating sentiment indicators, incl...

Trading Global Macro Podcast – Ep. 18 In this episode of the Trading Global Macro Podcast, John Kicklighter and Matt Weller take a deep dive into one of the most persistent market questions of recent years: when is the next recession, and how can markets actually see it coming? The discussion explores the strengths and shortcomings of commonly cited recession indicators, including leading economic...

Trading Global Macro Podcast – Ep. 17 In this episode of the Trading Global Macro Podcast, Matt Weller and John Kicklighter explore what it means for an economy to become a “pariah” in global markets. From extreme cases like Iran, Venezuela, and Argentina to more nuanced historical examples such as Italy, the UK in the 1970s, and modern-day China, the discussion examines how credibility, policy st...

Trading Global Macro Podcast – Ep. 16 In this episode of the Trading Global Macro Podcast, John Kicklighter and Matt Weller break down the concept of central bank independence and why it has become such a critical issue for global markets. With renewed political pressure on the U.S. Federal Reserve, they explore why independence exists, what happens when it is lost, and how different central banks...

Trading Global Macro Podcast – Ep. 15 Welcome to the Trading Global Macro Podcast from StoneX! In this episode, John Kicklighter and Matt Weller dive deep into extreme market conditions: what they are, how to identify them, and strategies to navigate volatility, liquidity challenges, and major event risks. They explore: 🔷Price Extremes vs. Price Movement: Why context matters 🔷Liquidity Distortio...

Trading Global Macro Podcast – Ep. 14 In this episode of the Trading Global Macro podcast, John Kicklighter and Matt Weller take a look back at the biggest market surprises of 2025. From the waning influence of policy to a dramatic decline in the impact of top event risk to the perspective of deteriorating quality of data, they touch upon systemic changes. They each touch upon the single market th...

Trading Global Macro Podcast – Ep. 13 In this week’s Trading Global Macro Podcast from StoneX, John Kicklighter and Matt Weller unpack one of finance’s most foundational and contentious ideas: the Efficient Market Hypothesis (EMH). The discussion explores: 🔷The three forms of EMH (weak, semi-strong, and strong) and the assumptions behind them 🔷Why the strongest form is widely rejected, and what...

Trading Global Macro Podcast - Ep. 10 Prediction markets are quickly gaining traction as a new frontier for traders and analysts — where real money meets real-world forecasts. In this week's episode of the Trading Global Macro Podcast, hosts John Kicklighter and Matt Weller explore how prediction markets, like Kalshi and Polymarket, offer unique insights into economic trends, policy decisions, and...

StoneX Trading Global Macro Podcast - Ep.9 In this week’s episode of the Trading Global Macro Podcast from StoneX, hosts John Kicklighter and Matt Weller explore a topic that impacts every trader and investor: how we consume market information. From sensational financial headlines to social media speculation, the duo breaks down how incentives, bias, and interpretation can distort the true meaning...

StoneX Trading Global Macro Podcast – Ep. 7 This week on The Trading Global Macro Podcast from StoneX, John Kicklighter and Matt Weller unpack one of the most powerful, and misunderstood, forces in financial markets: event risk. From central bank meetings to jobs and inflation reports, scheduled releases are moments when new information floods into the market all at once, often sparking sharp vola...

StoneX Trading Global Macro Podcast – Ep. 6 In this week’s Trading Global Macro Podcast from StoneX, John Kicklighter and Matt Weller break down one of the core principles of market analysis — the global macro framework — and explain why understanding it is essential for every trader and investor. They explore: 🔹 The difference between top-down and bottom-up market analysis 🔹 Why risk appetite d...

StoneX Trading Global Macro Podcast – Ep. 5 In this week’s Trading Global Macro Podcast from StoneX, John Kicklighter and Matt Weller break down gold’s historic rally to record highs — its longest winning streak in over a decade — and what’s really driving the move. They explore: 🔹 Why central banks are buying gold at the fastest pace in years 🔹 How geopolitics and reserve diversification are re...

StoneX Trading Global Macro Podcast – Ep. 4 In this week’s Trading Global Macro Podcast from StoneX, John Kicklighter and Matt Weller take a discuss on of the market’s most frequently referenced benefactors, AI, and whether it is revolution that keeps driving markets and the economy higher or on the cusp of a bubble. They explore: 🔹 How AI investment is seen boosting traditional GDP and market se...

StoneX Trading Global Macro Podcast – Ep. 3 In this week’s Trading Global Macro Podcast from StoneX, John Kicklighter and Matt Weller dive into the hotly debated course of U.S. monetary policy and interest rate expectations into 2026 and beyond. They explore: 🔹 The disconnect between Fed forecasts and market pricing 🔹 Immigration’s surprising role in shaping employment trends 🔹 Why data revisio...

In this week’s Trading Global Macro Podcast from StoneX, John Kicklighter and Matt Weller unpack the looming U.S. government shutdown and its potential implications for global markets. They explore: - Lessons from past shutdowns and their economic fallout - How political gridlock affects investor confidence in US assets - The resilience, and vulnerabilities, of the US dollar and Treasury market -...

Welcome to the first episode of the Trading Global Macro Podcast from StoneX, hosted by John Kicklighter (Global Head of Content) and Matt Weller (Global Head of Market Research, Self-Directed Brands). In this episode, John and Matt tackle one of the most overused yet misunderstood concepts in financial markets: risk appetite. What does “risk on” or “risk off” really mean in the context of the bro...

Whether you're a trader looking for signals or an investor watching macro themes unfold, this episode offers grounded, practical insight into the forces shaping global risk sentiment today. Subscribe for weekly macro breakdowns and market insight. #RiskAppetite #TradingStrategy #MarketSentiment #GlobalMarkets #FinancePodcast