# Risks and Relief

Page: https://stenobird.com/podcast/macro-pulse-6609925/risks-and-relief
Text version: https://stenobird.com/podcast/macro-pulse-6609925/risks-and-relief.md
Podcast: [Macro Pulse](https://stenobird.com/podcast/macro-pulse-6609925)
Published: 2025-10-23T14:21:51+00:00
Episode link: https://haveranalytics.podbean.com/e/risks-and-relief/
Audio file: https://mcdn.podbean.com/mf/web/f9yeex48a2xtqn7w/COTW_podast_23Oct-final84u8c.mp3
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JSON: https://stenobird.com/v1/public/podcasts/macro-pulse-6609925/episodes/risks-and-relief
Duration seconds: 790

## Resource

Financial markets have been pulled between opposing forces in recent days. Risk sentiment has been hit by concerns over US lenders, credit conditions, tariffs, the government shutdown, and a potential AI-driven valuation bubble (chart 1). Offsetting this, easing growth and inflation have strengthened expectations of further central bank rate cuts, lifting soft-landing hopes. In our charts this week we drill into: US equity market valuations Non-US equity markets and data surprises Oil prices and monetary policy China's credit growth US wage pressures UK inflation

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## Transcript

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