Why are bonds and stocks sending conflicting signals at investors? Andrew Lapthorne, global head of quant research at Societe Generale, helps answer this question in his conversation with Roger Hirst. In this conversation, you’ll understand which markets have already priced in recession and why historically defensive assets may not appear as advertised. Lapthorne also dissects the connection between volatility and corporate spreads. Filmed on September 13, 2019 in London.