Last Call is a monthly market briefing for investors who want perspective, not headlines. Each episode, Matt Zeigler and Jack Forehand look back on what actually mattered in markets over the past month, then look ahead to what they’re watching next. Along the way, they’re joined by leading thinkers across macro, options and positioning, narratives, research, technology, ETF flows, and policy. No hot takes - just clear thinking about what’s changing and why it matters.
Latest episodes
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56 min
The 10-Year Hit a 24-Year High. Nobody Is Buying Puts. Are You Watching the Wrong Market?
Andy Constan, Brent Kochuba and Eric Pachman examine rising bond yields, options positioning and the inflation risks facing stocks. What happens if the rate relief traders are bett…
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1 h 02
Inflation Is Rising. Stocks Aren’t Breaking. The Fed Isn’t Talking. What If Markets Already Know?
This month on Last Call, Kevin Muir, Aahan Menon, Ben Hunt and Brent Kochuba break down the market through four lenses: macro, inflation data, narrative and options positioning.The…
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1 h 11
A $20B Blowup. A War-Sized AI Bet. Did You Just Buy a Margin Call? | Last Call
On this episode of Last Call, we examine the hidden rotation beneath calm stock market indexes, including sharp AI and semiconductor volatility, small-cap strength, forced fund liq…
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1 h 04
Labor Market Cracks, Wild Fed Credibility Data and Semis Running Out of Pie | Last Call
In this episode of Last Call, we look back at June 2026 and break down the biggest market stories shaping investors’ outlook for the second half of the year. Matt Zeigler and Jack…
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1 h 08
The AI Trade Has a Problem | Ben Hunt, Brent Kochuba and Aahan Menon on What Could Derail It
In this episode of Last Call, we break down one of the most confusing market backdrops in years: AI-driven earnings optimism, rising oil and inflation risk, stretched options posit…
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1 h 07
We Asked Four Experts Why Bad News Can't Break This Market — And Whether It Will
This episode of Last Call breaks down one of the most confusing market environments in recent memory: why stocks continue to rise despite war, oil shocks, and growing macro risks.…
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1 h 09
The Moment Everyone Knew What Everyone Knew | The War That Rewrote the Rules
This episode of Last Call breaks down the biggest forces currently driving markets, focusing on the intersection of geopolitics, oil prices, volatility, and economic data. With a p…
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1 h 09
A Doomsday AI Article Sparked a Panic | We Break Down What It Means for Markets
In this episode of Last Call, Jack Forehand and Matt Zeigler look past the headlines to unpack what really moved markets this month. From the viral AI end of times scenario that sp…
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1 h 06
Last Call: January 2026 | AI Capex, Private Credit Problems and the Unstable Market
Join Jack Forehand and Matt Zeigler for the premiere episode of Last Call, a new monthly market wrap show where we go beyond the headlines to deliver actionable investment insights…