Time in the Market
by Invesco
For investment professionals in the UK only. Each month join host Ben Gutteridge, a Director of Multi-Asset Strategies at Invesco, for an insightful and often humorous conversation into the (sometimes baffling) world of investing. In each episode, Ben interviews a high-profile guest from within the financial services industry, seeking to uncover leading investment insights in a clear and accessible fashion.The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested. Views and opinions are based on current market conditions and are subject to change.This podcast is marketing material and not financial advice. It is not intended as a recommendation to buy or sell any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment or investment strategy recommendations are therefore not applicable nor are any prohibitions to tra
Episodes
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Ben Squared Podcast: 2nd November 2026 – The Political Consequences of a Modest Budget
In the latest Ben Squared podcast we welcome a returning favourite, Graham Hook, to the studio, to offer his take on the Budget and the political consequences of delivering only modest change. In particular we focus on the timing and execution of the bolder policy intentions of this government…
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Ben Squared Podcast: 26th October 2026 – Reviewing Bank of England Expectations
In the latest Ben Squared podcast, the resident pairing return to the ever popular and emotive topic of UK interest rates. The conversation specifically covers a review of the latest UK economic data and what they could mean for interest rate decisions - both in the short and medium term. Time is...
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Ben Squared Podcast: 20th October 2026 – A French Encore plus AI Wobbles
In the latest Ben Squared podcast, the resident pairing return to the challenges confronting French policy makers and French assets before pivoting to the heightened volatility observed within AI stocks. The conversation concludes with thoughts on the recent IMF economic forecasts and whether…
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Ben Squared Podcast: 12th October 2026: Bond Markets – Un Problème?
In the latest Ben Squared podcast, the resident pairing again devote much of their time discussing bond markets. This week, however, there is a clear focus on the challenges presenting within French bonds and what this could mean for broader European assets and the single currency? Also up for...
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Time in the Market: Episode 42 – Debating Investment Strategy with Andrew Spence (Aspen Advisers)
In the latest episode of our award-winning series we are thrilled to welcome Andrew Spence, CEO and Founder of Aspen Advisers. In another fast moving and fascinating conversation, we learn of Andrew’s motivations to launch an independent financial firm after a lengthy career in the City, the…
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Ben Squared Podcast: 5th October 2026: Breaking Bond, “I am the danger”
In the latest Ben Squared podcast the resident pairing continue to discuss the dramatic action unfolding in bond markets, debating whether yields can climb yet further or if an opportunity is starting to present? Also up for debate is the building momentum in the US dollar and whether or not an...
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Ben Squared Podcast: 28th September 2026: Bond Yields Climbing… Why and is this a Problem?
In the latest Ben Squared podcast the resident pairing discuss the increasingly dramatic action in bond markets, attempting to rationalise why bond yields are climbing and the extent to which this outcome threatens the equity market. The duo also find time to review the market relevant takeaways...
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Ben Squared Podcast: 22nd September 2026: Fed Hikes, BoE on Hold… What Next?
In the latest Ben Squared podcast the resident pairing discuss last week’s interest rate decisions from both the US Federal Reserve and the Bank of England. The conversation looks at the economic conditions driving the latest policy choices and whether we are on the cusp of a pronounced hiking...
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Ben Squared Podcast: 14th September 2026: US Inflation, Central Bank Policy and EM
In the latest Ben Squared podcast the resident pairing discuss the latest inflation print and whether it will be enough to compel the Fed to raise interest rates? The conversation also covers the read across to how other central banks may behave/respond, including the Bank of England, as well as...
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Ben Squared Podcast: 7th September 2026: US Jobs, Fed Policy and Trump’s Guidance
In the latest Ben Squared podcast the resident pairing discuss the recent US jobs report and the potential impact it might have over the Fed’s imminent interest rate decision? The conversation also covers Trump’s calls for interest rate cuts and the degree to which this tallies with both the data...
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Ben Squared Podcast: 1st September 2026: Bond Yields on the Rise – How Much of a Worry?
In the latest Ben Squared podcast the resident pairing discuss the recent climb in bond yields and the extent to which this does or doesn’t pose a threat to equity and wider bond markets? The conversation also covers recent central bank communication efforts and policy expectations before…
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Ben Squared Podcast: 17th August 2026 – US Inflation, Global Choke Points and Water Levels
In the latest Ben Squared podcast the resident pairing discuss first, the most productivity enhancing tech equipment, before focusing on the core subject of US Inflation. The second half of the conversation then pivots to debate the threats and opportunities posed by ‘supply chain disruption’, as...
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Ben Squared Podcast: 12th August 2026 – US Jobs, Interest Rate Policy and Earnings Breadth
After selfishly taking a week break, the Ben Squared Podcast is back to its regular cadence. This week the resident pairing discuss the health of the US jobs market, how such dynamics may shape US interest rate policy and the degree to which Earnings (both US and European) have been driving…
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Ben Squared Podcast: 28th July 2026 – AI Disrupted, Middle East Choke Points and the Central Bank Dilemma
In the latest Ben Squared Podcast the resident pairing review the market’s dominant themes, chiefly the stuttering AI trade, Middle Eastern chokepoints and the central bank policy dilemma. This podcast was recorded on 28th July 2026. *This podcast is for UK Professional Clients Only. Capital at...
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Ben Squared Podcast: 21st July 2026 – Geopolitics, AI and the Chancellor
In the latest Ben Squared Podcast Invesco’s Global Head of Research, Ben Jones, returns from his ‘Strategic Family Offsite’ to discuss the latest and most important news in markets. Topics this week include the resurgent kinetic action in the Middle East and what this means for inflation and...
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Time in the Market: Episode 41 – Investment Psychology Revisited with Emily Roberts
In the latest episode of our award-winning series we are thrilled to welcome back the likely architect of that award, Emily Roberts, a Global Equities fund manager at Invesco. In this episode the pair revisit the fascinating topic of ‘Investment Psychology’ framing the conversation in the context...
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Ben Squared Podcast: 14th July 2026 – A New PM, a Policy Discussion with Graham Hook
In the latest Ben Squared podcast Invesco’s Head of UK Government Relations, Graham Hook, takes the spot of our Global Head of Research resident, Ben Jones, who remains on his ‘Strategic Family Offsite’. The conversation necessarily pivots to politics, asking what policy choices might be coming…
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Ben Squared Podcast: 7th July 2026 – Interest Rates, The Burnham Bounce and the Korean Chipwreck
In the latest Ben Squared podcast the resident pair discuss the latest US jobs report and the implications for US interest rate policy. The conversation then moves closer to home as we learn more about the likely next PM’s policy choices, reflecting on the impact on the UK economy and what’s next...
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Ben Squared Podcast: 1 July 2026 – A First Half Review and the Chipwreck
In the latest Ben Squared podcast the resident pair discuss the form of markets (and investment calls) in the first half, offering explanations behind relative performance of regions and asset classes, and expectation for the remainder of the year. Time is also reserved to discuss the latest bout...
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Time in the Market: Episode 40 – Invesco’s World Cup Investment Special!
In the latest episode of our award-winning series we are thrilled to welcome back returning favourite David Aujla, Head of Invesco’s Multi-Asset Funds and Model Portfolio Service, and Neal Bailey, a Market Insights Strategist and talismanic presenter on the Invesco Intelligence Seminar Series.…
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Ben Squared Podcast: 22nd June 2026 – Makerfield, Interest Rates and Hormuz
In the latest Ben Squared podcast the resident pair discuss the meaty topics of the Makerfield by-election, the Bank of England and US Federal Reserve interest rate decisions (and communications) and the ‘openness’ of the Strait of Hormuz. Throughout the conversation the discussion pivots back to...
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Ben Squared Podcast: 16th June 2026 – Is this the Real Deal?
In the latest Ben Squared podcast the resident pair discuss the meaningful developments in US/Iranian diplomacy and the outlines of the formal deal announced by both parties. The discussion reflects favourably on the level of optimism running through markets, though also notes areas of caution to...
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Ben Squared Podcast: 9th June 2026 – Have we Seen the Equity Market Top?
In the latest Ben Squared podcast the resident pair discuss the material pick up in equity market volatility, focusing on the dominant AI theme. The debate covers the impact of recent earnings, the slew of IPOs hitting the stock market, and an increasingly hawkish narrative for the Federal…
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Ben Squared Podcast: 2nd June 2026 – A New Fed Chair and a New Regime??
In the latest Ben Squared podcast the resident pair discuss the new appointment at the Federal Reserve and what impact we can expect him to have over the path of interest rates. Such decisions are not taken in isolation, however, with data having a material impact, hence a necessary review of the...
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Time in the Market: Episode 39 – Ai is Flying! Why and What Next with Ashley Oerth?
In the latest episode of our award-winning series we are compelled to welcome Ashley Oerth, a Senior Invesco Investment Strategist, back to the podcast! Making a record-breaking 3rd appearance, we are desperate to hear Ashley’s views on why AI associated stocks are running so, so hot, and whether...
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Ben Squared Podcast: 26th May 2026 – The Conflict between Bonds & Equities
In the latest Ben Squared podcast the resident pair discuss the latest developments for inflation (both in the US and at home) and the impact this is having on interest rate expectation and bond market prices. Time is also spent discussing the resilience, if not outright strength, of equity…
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Ben Squared Podcast: 19th May 2026 – UK Politics & Investment, Featuring Graham Hook
In the latest Ben Squared podcast the resident pair welcome back returning favourite Graham Hook, Invesco’s Head of UK Government Relations. In a typically lively debate, the conversation centres upon the fate of our current Prime Minister and any potential changes to personnel and policy. In...
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Ben Squared Podcast: 11th May 2026 – UK Elections, US Jobs and AI Heat
In the latest Ben Squared podcast the resident pair briefly discuss UK Local Election outcomes before pivoting to the far meatier topic of US jobs, economic resilience and a ‘ripping’ AI trade. This podcast was recorded on 11th May 2026. *This podcast is for UK Professional Clients Only. Capital…
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Ben Squared Podcast: “5th May 2026 – Ceasefire Breach, AI Flying, Central Bank Comms”
In the latest Ben Squared podcast the resident pair discuss the troubling developments in the Middle East. Specifically, the conversation focuses on both the direct and indirect fragmentation of supply chains, threatening further (and more persistent) inflationary pressure. Also on the agenda is...
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Ben Squared Podcast: 28th April 2026 – Are We Looking at Market Complacency?
In the latest Ben Squared podcast our resident pair again discuss the developments in the Middle East, particularly as it relates to investments, focusing on the disparity between what appears a more sanguine view of the equity market versus a more cautious take from the bond market. Also on the...
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Ben Squared Podcast: 21st April 2026 – Grappling with Strait Curve Balls
In the latest Ben Squared podcast the conversation remains largely centered upon Middle East developments, with particular attention paid to the rapid change in sentiment and heightened confusion regarding the state of ‘openness’ of the Strait of Hormuz. Rather than attempt to iron out all the...
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Time in the Market: Episode 38 – What's Next for AI with Ashley Oerth – Invesco Strategist
In the latest episode of our award-winning series we are thrilled to welcome a returning favourite to the podcast, Ashley Oerth – a treasured Invesco Global Market Strategist. Once again Ashley delivers a fine performance, discussing Artificial Intelligence in both an erudite and accessible…
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Ben Squared Podcast: 14th April 2026 – The Middle East – Positive Steps?... And ‘Other’ data
In the latest Ben Squared podcast our resident pairing again discuss the developments in the Middle East and the impact upon investment strategy. No doubt the news flow is volatile and erratic but, on balance, the duo gently lean into what ‘could be’ an improving situation. The conversation also...
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Ben Squared Podcast: 7th April 2026 – How Can Stock Markets Make Progress From Here?
In the latest Ben Squared podcast our resident pairing discuss the prospect for stock markets in a perilous moment for US and Iranian negotiations. The conversation focuses on whether gains can be made even in the absence of a formal and clear de-escalation, though some time is made for a…
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Ben Squared Podcast: 31st March 2026: The Middle East Impact: Is Now the Time to Sell Everything?
In the latest Ben Squared podcast our resident expert guest, Ben Jones (Invesco Global Head of Research) has to deal with a panic-stricken host who is minded to liquidate his entire portfolio – selling equities, bonds and gold…. The lot! How will our guest respond? This podcast was recorded on…
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Ben Squared Podcast: 24th March 2026: Middle East Scenario Analysis, Long-term Strategy and the UK Mortgage Market
In the latest Ben Squared podcast the resident pairing discuss potential ‘high level’ scenarios for how the Middle East conflict may unfold, accompanied by probabilities, market predictions, and a whole heap of caveats and disclaimers. This scenario analysis is then discussed in the context of...
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Ben Squared Podcast: 17th March 2026: The Middle East, Investment Strategy and Central Banks’ Reaction
In the latest Ben Squared podcast the resident pairing discuss the latest, investment relevant developments in the Middle East, and the impact upon investment strategy. The duo also reflect on a busy week ahead for Central Banks, anticipating interest rate decisions and communications, but also...
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Time in the Market: Episode 37 – Investment Strategy for Today and Tomorrow with RBC Brewin Dolphin Chief Strategist, Guy Foster
In the latest episode of our award-winning series we are thrilled to welcome one of UK Wealth Management’s most lauded investment thinkers and strategists, Guy Foster, Chief Strategist at RBC Brewin Dolphin. The conversation begins with a review of the host’s and Guy’s overlapping working…
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Ben Squared Podcast: 10th March 2026: The Rotation Trade and Bond Market Latest
In the latest Ben Squared podcast the resident pairing discuss the market’s increasing perception of a more drawn out conflict in the Middle East. What does this mean for the rotation trade, what does this mean for inflation and is the bond market reaction fair? This podcast was recorded on 9th...
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Ben Squared Podcast: 2nd March 2026: The Middle East Conflict and Investment Strategy
In the latest Ben Squared podcast the resident pairing discuss the dramatic developments in the Middle East, covering the market reaction across the major asset classes, the considered potential scenarios, and the overall impact upon investment strategy. This podcast was recorded on 2nd March…
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Ben Squared Podcast: 24th February: US Trade Policy, the Tech Wreck and UK Data
In the latest Ben Squared podcast the resident pairing discuss the dramatic developments in US Trade policy, analysing both the SCOTUS ruling and the (more complex) POTUS response. Of course, as always, our focus is on the potential, and enduring, investment consequences. From there the...
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Time in the Market: Episode 36 – Gilts and UK Corporate Bonds with Fund Manager Tom Hemmant
In the latest episode of our award-winning series we are thrilled to welcome one of Invesco’s most respected Fixed Income Fund Managers, Tom Hemmant, to the podcast. With a focus on the UK, the conversation covers the prospects for the economy, public finances, interest rate policy and…
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Ben Squared: 17th February: US Inflation, US Jobs & AI
In the latest Ben Squared podcast the resident pairing discuss arguably the three most important macro drivers of capital markets, US Inflation, US Jobs and Artificial Intelligence. Specifically the conversation reflects on the recent data and why inflation data is printing a little more benign…
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Ben Squared: 10th February 2026: AI Upheaval, Political Turmoil, Yet Markets Calm
In the latest Ben Squared podcast the resident pairing discuss the dramatic domestic political news flow alongside the relative calm we have seen in currency and bond markets. In addition, the duo debate the difficult period many AI related stocks are enduring, though again note the overall...
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Ben Squared: 2nd February: We Need to Talk About Markets
In the latest Ben Squared podcast the resident pairing discuss the dramatic moves we are seeing both from an asset class level and beneath the surface. We also offer comment on the official nomination for Federal Reserve Chair, Kevin Warsh, and the degree to which his reputation as a ‘hawk’ will...
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Time in the Market: Episode 35 – David Aujla - Asset Allocation and Implementation
In the latest episode of our award-winning series we are thrilled to welcome Invesco’s David Aujla back to the Podcast. David manages the Multi Asset Fund range at Invesco as well as the Model Portfolio Services. Within another engaging and entertaining conversation, David tackles the important...
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Ben Squared: 28th January 2026: What Can Stop These Markets??
In the latest Ben Squared podcast the resident pairing discuss the sensational form of both equity markets and precious metals, discussing what conviction remains to continue backing these assets and what risks are lurking… or even building? We also offer comment on the evolving expectations for...
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Ben Squared: 19th January 2026: Greenland and its Impact on Investment Strategy
In the latest Ben Squared podcast the resident pairing discuss the impact of President Trump’s pursuit of Greenland, on both current market form and longer-term investment strategy. This podcast was recorded on 19th January 2026. This podcast is for UK Professional Clients Only. Capital at Risk....
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Ben Squared: 13 Jan 2026 - Fed Chair, Iran & (plenty) More
In arguably the busiest Ben Squared podcast to date the pair cover off the drama surrounding the (current) Fed Chair, the US Jobs Report, the health of the US economy, Trump’s call for capping credit card lending rates, the start of US earnings season, speculation over the sovereignty of…
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Ben Squared: 7th Jan 2026: Venezuela, US Unemployment and UK Stock Market Momentum
In the first Ben Squared podcast of 2026, the resident pairing discuss the market impact of the startling US military operations in Venezuela, ‘our’ out of consensus call for lower US unemployment in 2026, and the great momentum UK stocks are currently enjoying. This podcast was recorded on 6th...
About this show
For investment professionals in the UK only. Each month join host Ben Gutteridge, a Director of Multi-Asset Strategies at Invesco, for an insightful and often humorous conversation into the (sometimes baffling) world of investing. In each episode, Ben interviews a high-profile guest from within the financial services industry, seeking to uncover leading investment insights in a clear and accessible fashion.The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested. Views and opinions are based on current market conditions and are subject to change.This podcast is marketing material and not financial advice. It is not intended as a recommendation to buy or sell any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment or investment strategy recommendations are therefore not applicable nor are any prohibitions to tra
Hosted by
Invesco
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