Listen: What made 2025 “far from normal”?
Listen to RQI’s latest insight
Equity markets in 2025 behaved in ways that felt anything but familiar. Rapid shifts in policy expectations, sharp reversals in risk appetite and the continued dominance of technology stocks combined to produce outcomes that challenged many long‑standing market assumptions.
Drawing directly from the paper, this podcast episode explores how political uncertainty, evolving trade policy and renewed enthusiasm for AI reshaped global equity markets over the course of the year — and why market behaviour often diverged sharply from historical patterns.
The podcast looks beneath headline index moves to unpack what was happening across sectors, styles and stock characteristics. It discusses the role of market concentration, short positioning and investor flows, and examines how familiar factors such as beta, quality, size and valuation behaved in unexpected ways during periods of extreme volatility.
Listen to the AI‑generated podcast to explore what made 2025 “far from normal”, and dive deeper into the forces shaping global equity markets:
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