Relative Return Insider: AI, rates, market highs & the economics of happiness

Markets are hitting record highs, but with stretched valuations, rising bond yields and growing scrutiny of the AI boom, how much optimism is already priced in? On this episode of Relative Return Insider, Olivia Grace-Curran is joined by AMP Chief Economist Shane Oliver to unpack Australia's reporting season, the outlook for the Fed and RBA, and the wild volatility playing out in South Korea. Shane also takes a step back from the markets to explore the economics of happiness - why getting richer doesn't necessarily make us happier, the impact of social media, and whether we're all stuck on a hedonic treadmill. Plus: what AI's next phase could mean for Australian companies, why diversification matters, and where Shane sees the biggest risks and opportunities for investors.