Episode 213

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Published on:

22nd Jul 2025

Mid-year market update (2025)

Volatility has been the major theme in investment markets during the first six months of 2025, but is that likely to continue?

On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Jonathan Shead, Australian head of investments at State Street Investment Management, to discuss the recent performance of equity and fixed income markets and take a look at the months ahead.

01:52 Volatility, macroeconomics and geopolitics

05:48 Equity market performance

08:54 Fixed income insights

11:06 Gold analysis

13:51 Future forecast 

#friendswithmoney #tomwatson #jonathanshead #investing #markets

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About the Podcast

Friends With Money
Earn. Save. Invest.
We all have questions about money; how to earn it, how to spend it, and the best ways to invest so we can watch it grow.

The Friends With Money podcast, created by Money Magazine (Australia’s longest-running and most-read personal finance magazine), shares its extensive network of finance experts, in-depth knowledge of markets and timely advice to help you understand the world of money.

Hosted by senior writer, Tom Watson, and editor-in-chief, Michelle Baltazar, Friends With Money is a weekly chat with a variety of credentialed guests that you won’t want to miss. Listening and learning will help you on the path to financial freedom.