# The era of free money is over: now the math matters.

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Text version: https://stenobird.com/podcast/the-living-market-podcast-5452426/the-era-of-free-money-is-over-now-the-math-matters.md
Podcast: [The Living Market Podcast](https://stenobird.com/podcast/the-living-market-podcast-5452426)
Published: 2026-05-22T06:52:17+00:00
Episode link: https://thelivingmarket.podbean.com/e/the-era-of-free-money-is-over-now-the-math-matters/
Audio file: https://growx.podkite.com/https/PKgih3hzno/mcdn.podbean.com/mf/web/2yaq9hej9jmqe6qg/Living_Market_EP208_ENG8s366.mp3
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Duration seconds: 635

## Resource

The bond market has been sending a message, and equity investors are starting to have to listen. Philip Petursson, Chief Investment Strategist at IG Wealth Management, breaks down what rising long-term government bond yields mean for a stock market that has climbed sharply in value this year. With inflation still elevated, the U.S. Federal Reserve is in a difficult position. Additionally, AI-driven growth remains powerful, but higher rates are forcing investors to reassess risk, future cash flows and the true cost of capital.

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## Transcript

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