Latest Episodes

10x ʀɪᴄʜᴇʀ ᴏʀ ᴅᴇᴀᴅ ☠️

A market story is only as good as the portfolio that can survive it. Hugh Hendry sat down in London to explore risk from first principles. Why playful, curious, even mischievous thinking can beat credentialed certainty, and how to build an allo...

November 21, 2025 • 36:04

What If Markets Reward Vision More Than Math?

A faster lap by going blind sounds reckless until you hear Lando Norris say he drives better with the delta display switched off. That’s the spark for a bigger idea we explore: acid capitalism, where imagination and shared beliefs move markets ...

November 12, 2025 • 1:15:59

What if AI cuts jobs faster than rates can fall?

Markets have a habit of choosing the path that hurts the most people, and this week they proved it. We open with a jolt: CarMax plunges 24%, the CEO is shown the door, and used‑car demand looks like a classic pull‑forward that left a hole in to...

November 08, 2025 • 1:02:00

Is the Market Running Out of Money?

What if the cleanest read on market risk isn’t a sentiment index but the dollar itself? We connect the dots from DXY’s slide and rebound to the invisible gears of Eurodollar credit, showing how collateral breathes through trade invoices, repos,...

November 05, 2025 • 1:21:20

A One-in-a-Thousand Market Moment

When logic fails, hedges break, and the models panic.Markets rarely behave. In this episode, Hugh Hendry unpacks why. Exploring what happens when models flash red and logic collapses in real time. From George Gammon’...

November 03, 2025 • 1:16:52

Fan Mail

Loving my 30mins of Hugh every day. My question for you is, what is your exit strategy for trades that are successful? Is it sell half after a good run or do you just sell out completely, etc? Thanks. Robert

United Kingdom of Great Britain and Northern Ireland

Hugh Hendry

Host