Behind the Markets Podcast

Tech Bros and Buffett - Why They Could Both Be Right Feb 20, 2025

Show from 02/21/25 Host Jeremy Schwartz and Professor Siegel discuss the latest market trends, focusing on tariff uncertainties, economic data, and market resilience. Professor Siegel highlights the market’s response to geopolitical developments, earnings expectations, and the potential impact of rising bond yields. He also weighs in on Nvidia, Tesla, and the broader AI landscape, emphasizing the importance of earnings in market performance. (11:41) Jeremy is joined by Chris Gannatti, Sam Rines, and Jeff Weniger to delve into the evolving tech landscape, including Nvidia’s role, Microsoft’s AI push, and the future of quantum computing. They also discuss Apple’s challenges, Tesla’s strategic opportunities, and Japan’s potential manufacturing resurgence. The conversation shifts to geopolitical risks, European defense spending, and emerging market opportunities, particularly in Latin America. Sam outlines recent shifts in WisdomTree’s model portfolios, including a move from Argentina to Mexico and Japan, highlighting macroeconomic trends and market positioning. Guest: Samuel Rines is a Macro Strategist at WisdomTree, where he extends the firm's custom model portfolio management capabilities. Before joining WisdomTree in 2024, he was the Managing Director at CORBU, LLC, leading the PolyMacro advisory product. Christopher Gannatti began at WisdomTree as a Research Analyst in December 2010, working directly with Jeremy Schwartz, CFA®, Director of Research. In January of 2014, he was promoted to Associate Director of Research where he was responsible to lead different groups of analysts and strategists within the broader Research team at WisdomTree. In February of 2018, Christopher was promoted to Head of Research, Europe, where he was based out of WisdomTree’s London office and was responsible for the full WisdomTree research effort within the European market, as well as supporting the UCITs platform globally. In November 2021, Christopher was promoted to Global Head of Research, now responsible for numerous communications on investment strategy globally, particularly in the thematic equity space Jeff Weniger, CFA serves as Head of Equity Strategy at WisdomTree. In his role, Weniger helps to formulate the firm’s stock market outlook by assessing macro and fundamental trends. Prior to joining WisdomTree, he was Director, Senior Strategist at BMO, where he worked in the office of the CIO from 2006 to 2017. He served on the firm’s Asset Allocation Committee and co-managed the firm’s ETF model portfolios for both the U.S. and Canada. In 2013, at the age of 32, Jeff was chosen as the youngest member of BMO’s Global Investment Forum, which collected the firm’s top global strategists to formulate the firm’s official long-term outlook for investment trends and markets. Follow Sam Rines on X: https://x.com/SamuelRines Follow Chri Gannatti on X: https://x.com/ChrisGannatti Follow Jeff Weniger on X: https://x.com/JeffWeniger Wisdom Tree: https://www.wisdomtree.com/investments

Fly Tariffs Fly: On the Road to Victory? Feb 14, 2025

Show from 02/14/25 Host Jeremy Schwartz and Professor Siegel reflect on the Eagles' Super Bowl victory and discuss key economic data, including CPI and PPI surprises, the market's reaction to inflation expectations, and the impact of potential tariff negotiations. Siegel notes that while inflation data was hotter than expected, markets found relief in the lower-than-expected PCE components. He also discusses retail sales disappointments, GDP outlook adjustments, and global economic trends. (13:19) Jeremy continues with Sam Rines, Jeff Weniger, and Christopher Gannatti from WisdomTree to break down geopolitical and market trends. The group covers Modi's U.S. visit and tariff negotiations, India's potential for a free trade agreement, the outperformance of China's "Terrific 10" stocks over the "Mag 7," and Europe's investment push into AI. They also touch on macroeconomic themes such as U.S. debt management strategies and shifting global alliances in trade and security. Guest: Samuel Rines is a Macro Strategist at WisdomTree, where he extends the firm's custom model portfolio management capabilities. Before joining WisdomTree in 2024, he was the Managing Director at CORBU, LLC, leading the PolyMacro advisory product. Christopher Gannatti began at WisdomTree as a Research Analyst in December 2010, working directly with Jeremy Schwartz, CFA®, Director of Research. In January of 2014, he was promoted to Associate Director of Research where he was responsible to lead different groups of analysts and strategists within the broader Research team at WisdomTree. In February of 2018, Christopher was promoted to Head of Research, Europe, where he was based out of WisdomTree’s London office and was responsible for the full WisdomTree research effort within the European market, as well as supporting the UCITs platform globally. In November 2021, Christopher was promoted to Global Head of Research, now responsible for numerous communications on investment strategy globally, particularly in the thematic equity space Jeff Weniger, CFA serves as Head of Equity Strategy at WisdomTree. In his role, Weniger helps to formulate the firm’s stock market outlook by assessing macro and fundamental trends. Prior to joining WisdomTree, he was Director, Senior Strategist at BMO, where he worked in the office of the CIO from 2006 to 2017. He served on the firm’s Asset Allocation Committee and co-managed the firm’s ETF model portfolios for both the U.S. and Canada. In 2013, at the age of 32, Jeff was chosen as the youngest member of BMO’s Global Investment Forum, which collected the firm’s top global strategists to formulate the firm’s official long-term outlook for investment trends and markets. Follow Sam Rines on X: https://x.com/SamuelRines Follow Chri Gannatti on X: https://x.com/SamuelRines Follow Jeff Weiniger on X: https://x.com/JeffWeniger Wisdom Tree: https://www.wisdomtree.com/investments

Super Bowl for Markets: Jobs, Earnings, and Portfolio Diversifiers Feb 07, 2025

Show from 02/07/25 Host Jeremy Schwartz opens the show, discussing market trends and economic indicators. Jeremy is then joined by Sonu Varghese from the Carson Group, along with Jeff Weniger, Sam Rines, and Chris Gannatti, for a deep dive into market trends, asset allocation, and economic outlooks. Sonu discusses his positive outlook on the U.S. economy, citing strong labor market fundamentals and productivity growth. The conversation covers key sectors of interest, potential risks from tariffs, and expectations for interest rates. The guests also touch on AI’s impact on productivity and broader market trends shaping investment strategies. Guest: Sonu has over 15 years of experience in the Asset Management industry. Before joining Carson, he was a Partner and Director of Research at Convex Capital Management where he co-managed portfolios, advised clients and led the research effort, including creating a proprietary leading economic index for 30 countries and systematizing investment processes. Prior to that Sonu worked independently with hedge fund managers and high-net worth individuals to develop quantitative investment models for trading equities, options, ETFs and closed-end funds. Samuel Rines is a Macro Strategist at WisdomTree, where he extends the firm's custom model portfolio management capabilities. Before joining WisdomTree in 2024, he was the Managing Director at CORBU, LLC, leading the PolyMacro advisory product. Christopher Gannatti began at WisdomTree as a Research Analyst in December 2010, working directly with Jeremy Schwartz, CFA®, Director of Research. In January of 2014, he was promoted to Associate Director of Research where he was responsible to lead different groups of analysts and strategists within the broader Research team at WisdomTree. In February of 2018, Christopher was promoted to Head of Research, Europe, where he was based out of WisdomTree’s London office and was responsible for the full WisdomTree research effort within the European market, as well as supporting the UCITs platform globally. In November 2021, Christopher was promoted to Global Head of Research, now responsible for numerous communications on investment strategy globally, particularly in the thematic equity space Jeff Weniger, CFA serves as Head of Equity Strategy at WisdomTree. In his role, Weniger helps to formulate the firm’s stock market outlook by assessing macro and fundamental trends. Prior to joining WisdomTree, he was Director, Senior Strategist at BMO, where he worked in the office of the CIO from 2006 to 2017. He served on the firm’s Asset Allocation Committee and co-managed the firm’s ETF model portfolios for both the U.S. and Canada. In 2013, at the age of 32, Jeff was chosen as the youngest member of BMO’s Global Investment Forum, which collected the firm’s top global strategists to formulate the firm’s official long-term outlook for investment trends and markets. Carson Wealth: https://www.carsonwealth.com/ Follow Sonu Varghese on X: https://x.com/sonusvarghese Follow Sam Rines on X: https://x.com/SamuelRines Follow Chri Gannatti on X: https://x.com/SamuelRines Follow Jeff Weiniger on X: https://x.com/JeffWeniger Wisdom Tree: https://www.wisdomtree.com/investments

AI, Tariffs, and the Fed: Market Shifts and Risks Ahead Jan 31, 2025

Show from 01/31/25 Host Jeremy Schwartz and Professor Siegel discuss key market developments this week, covering the Fed meeting, the impact of DeepSeek on AI and chipmakers, and the potential consequences of new tariffs. The Prof notes that while the Fed’s latest move wasn’t highly consequential, the removal of certain inflation-related language raised some market expectations. He also highlights how DeepSeek’s AI advancements could challenge high-end chipmakers like NVIDIA while benefiting AI users and the broader economy. (15:13) Jeremy continues with Jeff Winnegar and Sam Rines, diving into the evolving AI landscape, China’s latest moves in AI with Alibaba’s model, and potential investment opportunities. They also analyze earnings trends, including Meta’s strong margins, Microsoft’s underperformance, and a surprising 31% same-store sales jump for Chili’s. The conversation wraps up with a broader discussion on market rotations and shifting sentiment in Silicon Valley towards Washington. Guest: Samuel Rines is a Macro Strategist at WisdomTree, where he extends the firm's custom model portfolio management capabilities. Before joining WisdomTree in 2024, he was the Managing Director at CORBU, LLC, leading the PolyMacro advisory product. Jeff Weniger, CFA serves as Head of Equity Strategy at WisdomTree. In his role, Weniger helps to formulate the firm’s stock market outlook by assessing macro and fundamental trends. Prior to joining WisdomTree, he was Director, Senior Strategist at BMO, where he worked in the office of the CIO from 2006 to 2017. He served on the firm’s Asset Allocation Committee and co-managed the firm’s ETF model portfolios for both the U.S. and Canada. In 2013, at the age of 32, Jeff was chosen as the youngest member of BMO’s Global Investment Forum, which collected the firm’s top global strategists to formulate the firm’s official long-term outlook for investment trends and markets. Follow Sam Rines on X: https://x.com/SamuelRines Follow Jeff Weiniger on X: https://x.com/JeffWeniger Wisdom Tree: https://www.wisdomtree.com/investments

The Professor’s Take on Trump 2.0 Jan 23, 2025

Show from 01/24/25 Chris Gannati and Jeff Weniger host this week’s Behind the Markets, sharing insights on the latest market trends. They discuss inflation metrics like CPI and PPI, noting stable progress in controlling inflation, and emphasizing confidence in Federal Reserve policy adjustments. (15:33) Chris and Jeff delve into European markets' performance and shifting investor sentiment, particularly towards Germany and France, driven by improving economic data and valuation opportunities. They also explore currency trends, global investor flows, and the implications of U.S. equity valuations compared to other regions. Guest: Christopher Gannatti began at WisdomTree as a Research Analyst in December 2010, working directly with Jeremy Schwartz, CFA®, Director of Research. In January of 2014, he was promoted to Associate Director of Research where he was responsible to lead different groups of analysts and strategists within the broader Research team at WisdomTree. In February of 2018, Christopher was promoted to Head of Research, Europe, where he was based out of WisdomTree’s London office and was responsible for the full WisdomTree research effort within the European market, as well as supporting the UCITs platform globally. In November 2021, Christopher was promoted to Global Head of Research, now responsible for numerous communications on investment strategy globally, particularly in the thematic equity space Jeff Weniger, CFA serves as Head of Equity Strategy at WisdomTree. In his role, Weniger helps to formulate the firm’s stock market outlook by assessing macro and fundamental trends. Prior to joining WisdomTree, he was Director, Senior Strategist at BMO, where he worked in the office of the CIO from 2006 to 2017. He served on the firm’s Asset Allocation Committee and co-managed the firm’s ETF model portfolios for both the U.S. and Canada. In 2013, at the age of 32, Jeff was chosen as the youngest member of BMO’s Global Investment Forum, which collected the firm’s top global strategists to formulate the firm’s official long-term outlook for investment trends and markets. Follow Chri Gannatti on X: https://x.com/SamuelRines Follow Jeff Weiniger on X: https://x.com/JeffWeniger Wisdom Tree: https://www.wisdomtree.com/investments

Bitcoin, Inflation and the Fed: Bianco's Bets for 2025 Jan 17, 2025

Show from 01/17/25 Host Jeremy Schwartz and Professor Siegel open this week’s episode by discussing recent market trends, focusing on strong economic data, positive retail sales, and moderating inflation. The Professor emphasizes that bond yields are likely to climb above 5%, while highlighting Bitcoin’s current momentum and potential developments in the broader crypto market. He concludes with comments on valuations and long-term market expectations. (12:10) Jeremy then welcomes guest Jim Bianco from Bianco Research, who provides insights into the bond market. Bianco agrees with Professor Siegel on rising bond yields and discusses how higher yields may affect stocks. He also explores the implications of a strong U.S. dollar, sticky inflation, and global economic dynamics, including challenges in China and Japan’s monetary policy. Bianco shares his views on managing credit risks, favoring bank loans over corporate bonds, and discusses the potential for perpetual bonds from the U.S. Treasury. The conversation wraps up with a look at opportunities in European equities and crypto’s evolving role in financial systems. Guest: Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim’s commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades-long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 years at Bianco Research, Jim’s wide ranging commentaries have addressed monetary policy, the intersection of markets and politics, the role of government in the economy, fund flows and positioning in financial markets. Learn more about Jim at: https://www.biancoresearch.com/about-us/ Follow Jim on (X)Twitter: @biancoresearch

Hot Data, Cold Markets: Navigating the Fed, Economy, and Technology Trends Jan 10, 2025

Show from 01/10/25 Host Jeremy Schwartz and Professor Siegel kicked off the episode by discussing the robust job market, the recent surge in inflationary expectations linked to tariffs, and the outlook on interest rates amid real growth concerns. Professor Siegel noted the resilience of commodity prices, the potential for higher long-term rates, and his skepticism about significant rate cuts in 2025, despite positive corporate earnings reports. He also highlighted the impact of rising real rates on stock valuations and his cautious stance on S&P growth projections. (16:08) Jeremy then shifted the conversation to macro strategists Sam Rines and Chris Gennady. Sam emphasized the positive outlook for leisure, hospitality, and business travel sectors, driven by robust consumer demand and stable cost structures. He also discussed the impacts of interest rate movements on financial stocks and energy prices, highlighting the significance of natural gas production in the U.S. Chris provided insights into the latest tech developments, including quantum computing, robotics, and biotech investments by major chipmakers. The discussion concluded with an overview of currency movements, global geopolitical dynamics, and the importance of energy infrastructure, as well as speculation about Canada's potential political and economic shifts. Guest: Samuel Rines is a Macro Strategist at WisdomTree, where he extends the firm's custom model portfolio management capabilities. Before joining WisdomTree in 2024, he was the Managing Director at CORBU, LLC, leading the PolyMacro advisory product. Christopher Gannatti began at WisdomTree as a Research Analyst in December 2010, working directly with Jeremy Schwartz, CFA®, Director of Research. In January of 2014, he was promoted to Associate Director of Research where he was responsible to lead different groups of analysts and strategists within the broader Research team at WisdomTree. In February of 2018, Christopher was promoted to Head of Research, Europe, where he was based out of WisdomTree’s London office and was responsible for the full WisdomTree research effort within the European market, as well as supporting the UCITs platform globally. In November 2021, Christopher was promoted to Global Head of Research, now responsible for numerous communications on investment strategy globally, particularly in the thematic equity space Follow Sam Rines on X: https://x.com/SamuelRines Follow Chri Gannatti on X: https://x.com/SamuelRines Wisdom Tree: https://www.wisdomtree.com/investmen

A cautious take for 2025's market expectations Jan 03, 2025

Show from 01/03/25 Host Jeremy Schwartz and Professor Siegel began the first episode of 2025 by reflecting on the market's robust end to 2024 and the economic outlook for the new year. Professor Siegel emphasized the strong but balanced economic data, predicting no changes in Federal Reserve policy for 2025 and cautioning about potential corrections in the market. He discussed key risks, such as narrow market leadership driven by big tech and lingering bond market pressures, while emphasizing the complexities surrounding tariffs and fiscal policy under the new administration. (16:00) Jeremy was then joined by WisdomTree colleagues Sam Rines and Jeff Weniger for an in-depth discussion of 2025 market dynamics. They explored the potential effects of immigration policies on labor markets, the implications of expected tariffs, and evolving geopolitical risks in Europe and Asia. The group highlighted Argentina's surprising economic turnaround, the deflationary pressures stemming from China, and the ongoing investment potential in India and Japan. They also debated Europe's economic resilience, particularly Germany's DAX performance, despite widespread pessimism. The episode concluded with a lighter discussion on consumer trends, including the recent slowdown in fine wine and luxury goods markets. Guest: Samuel Rines is a Macro Strategist at WisdomTree, where he extends the firm's custom model portfolio management capabilities. Before joining WisdomTree in 2024, he was the Managing Director at CORBU, LLC, leading the PolyMacro advisory product. Jeff Weniger, CFA serves as Head of Equity Strategy at WisdomTree. In his role, Weniger helps to formulate the firm’s stock market outlook by assessing macro and fundamental trends. Prior to joining WisdomTree, he was Director, Senior Strategist at BMO, where he worked in the office of the CIO from 2006 to 2017. He served on the firm’s Asset Allocation Committee and co-managed the firm’s ETF model portfolios for both the U.S. and Canada. In 2013, at the age of 32, Jeff was chosen as the youngest member of BMO’s Global Investment Forum, which collected the firm’s top global strategists to formulate the firm’s official long-term outlook for investment trends and markets. Follow Sam Rines on X: https://x.com/SamuelRines Follow Jeff Weiniger on X: https://x.com/JeffWeniger Wisdom Tree: https://www.wisdomtree.com/investments

2025 Top Ideas and Outlook with Deep Rooted Macro Team Dec 20, 2024

Show from 12/20/24 Host Jeremy Schwartz and Professor Siegel recap the Fed’s recent rate cuts and their implications for 2024. Professor Siegel discusses the market's reaction to the Fed’s decisions, inflation indicators, and the evolving economic outlook, emphasizing potential rotation within the market’s major sectors. (13:13) Jeremy continues with WisdomTree’s macro team—Sam Rines, Christopher Gannatti, and Jeff Weniger—covering key global developments. They explore the U.S. government’s fiscal negotiations, Google’s efficiency push in AI, and Japan's investment landscape. The team also discusses market prospects for China, India, and emerging technologies like quantum computing, offering a comprehensive year-end market outlook. Guest: Samuel Rines is a Macro Strategist at WisdomTree, where he extends the firm's custom model portfolio management capabilities. Before joining WisdomTree in 2024, he was the Managing Director at CORBU, LLC, leading the PolyMacro advisory product. Christopher Gannatti began at WisdomTree as a Research Analyst in December 2010, working directly with Jeremy Schwartz, CFA®, Director of Research. In January of 2014, he was promoted to Associate Director of Research where he was responsible to lead different groups of analysts and strategists within the broader Research team at WisdomTree. In February of 2018, Christopher was promoted to Head of Research, Europe, where he was based out of WisdomTree’s London office and was responsible for the full WisdomTree research effort within the European market, as well as supporting the UCITs platform globally. In November 2021, Christopher was promoted to Global Head of Research, now responsible for numerous communications on investment strategy globally, particularly in the thematic equity space Jeff Weniger, CFA serves as Head of Equity Strategy at WisdomTree. In his role, Weniger helps to formulate the firm’s stock market outlook by assessing macro and fundamental trends. Prior to joining WisdomTree, he was Director, Senior Strategist at BMO, where he worked in the office of the CIO from 2006 to 2017. He served on the firm’s Asset Allocation Committee and co-managed the firm’s ETF model portfolios for both the U.S. and Canada. In 2013, at the age of 32, Jeff was chosen as the youngest member of BMO’s Global Investment Forum, which collected the firm’s top global strategists to formulate the firm’s official long-term outlook for investment trends and markets. Follow Sam Rines on X: https://x.com/SamuelRines Follow Chri Gannatti on X: https://x.com/SamuelRines Follow Jeff Weiniger on X: https://x.com/JeffWeniger Wisdom Tree: https://www.wisdomtree.com/investments

Deep Rooted Macro from Tokyo to DC: Insights on Inflation, Tech and Tariffs Dec 13, 2024

Host Jeremy Schwartz and Professor Siegel discuss the tech sector's recent surge, focusing on portfolio rebalancing, the inflation outlook, and upcoming Fed decisions. The professor highlights the resilience of tech stocks, potential market corrections, and expectations for future interest rate cuts. (13:00) Jeremy leads a roundtable with Sam Rines, Jeff Weniger, and Christopher Gannatti covering global markets. They explore economic and geopolitical developments, including Japan's market strength, Korean political risks, and Europe's energy challenges. The team also examines China's volatile market environment, quantum computing advances, and the potential resurgence of Argentina's economy. Looking ahead, they discuss investment themes like AI, IPO activity, and the ongoing tech vs. value stock debate. Guest: Samuel Rines is a Macro Strategist at WisdomTree, where he extends the firm's custom model portfolio management capabilities. Before joining WisdomTree in 2024, he was the Managing Director at CORBU, LLC, leading the PolyMacro advisory product. Christopher Gannatti began at WisdomTree as a Research Analyst in December 2010, working directly with Jeremy Schwartz, CFA®, Director of Research. In January of 2014, he was promoted to Associate Director of Research where he was responsible to lead different groups of analysts and strategists within the broader Research team at WisdomTree. In February of 2018, Christopher was promoted to Head of Research, Europe, where he was based out of WisdomTree’s London office and was responsible for the full WisdomTree research effort within the European market, as well as supporting the UCITs platform globally. In November 2021, Christopher was promoted to Global Head of Research, now responsible for numerous communications on investment strategy globally, particularly in the thematic equity space Jeff Weniger, CFA serves as Head of Equity Strategy at WisdomTree. In his role, Weniger helps to formulate the firm’s stock market outlook by assessing macro and fundamental trends. Prior to joining WisdomTree, he was Director, Senior Strategist at BMO, where he worked in the office of the CIO from 2006 to 2017. He served on the firm’s Asset Allocation Committee and co-managed the firm’s ETF model portfolios for both the U.S. and Canada. In 2013, at the age of 32, Jeff was chosen as the youngest member of BMO’s Global Investment Forum, which collected the firm’s top global strategists to formulate the firm’s official long-term outlook for investment trends and markets. Follow Sam Rines on X: https://x.com/SamuelRines Follow Chri Gannatti on X: https://x.com/SamuelRines Follow Jeff Weiniger on X: https://x.com/JeffWeniger Wisdom Tree: https://www.wisdomtree.com/investments

The best opportunities for fixed income investors Dec 06, 2024

Show from 06/12/24 Host Jeremy Schwartz and Professor Siegel discuss recent economic indicators, highlighting stable jobless claims, a neutral unemployment rate, and market reactions to labor reports. The Professor comments on inflation expectations, monetary policy, and a potential December equity rally while cautioning against market consensus. He forecasts moderate Fed rate cuts in 2025 and notes AI's role in future productivity. (16:00) Jeremy continues with guests Harley Bassman of Simplify and Dave Goodson of Voya, exploring fixed income strategies and opportunities in the mortgage and securitized credit markets. They discuss the appeal of newly issued mortgage bonds, challenges in the corporate credit landscape, and the implications of policy uncertainty. Harley emphasizes the benefits of selling optionality in mortgages, while Dave highlights the relative value in agency RMBS and structured credit markets. Both delve into the dynamics of private credit growth and the evolving role of volatility in investment strategies. Guest: Harley Bassman created, marketed and traded a wide variety of derivative and structured products during his twenty six year career at Merrill Lynch. In 1985 he created the OPOSSMS mortgage options product that facilitated risk transmission between MBS originators and financial institutions. In 1988, he assumed responsibility for trading and marketing IO/PO and other levered prepayment securities. Soon after this, he started purchasing RTC auctioned MBS Servicing rights and repackaged them for the securities market as BIGS - Beneficial Interests in GNMA Servicing. Later, he started a GNMA servicing conduit becoming one of the Top 20 originators in 1992. As managing and hedging prepayment risk became a priority focus for the financial markets, Mr. Bassman created PRESERV, Merrill's trademarked Prepayment Cap product. Merrill was a leader in this product category writing protection that covered the risk on tens of billions of notional mortgage servicing rights. Later, Mr. Bassman managed Merrill's initial venture into off-balance sheet mortgage trading. Dave Goodson is a managing director, head of securitized fixed income and a senior portfolio manager for non-agency and agency mortgage-backed securities, commercial mortgage-backed securities and asset-backed securities strategies at Voya Investment Management. Prior to joining Voya, he was a principal at an independent investment bank focused on asset-backed commercial paper transactions. Previously, Dave began his career as a vice president in Wachovia Securities’ asset-backed finance group, marketing and executing securitizations for the bank’s corporate clients. He earned a BS in management from the Georgia Institute of Technology Follow Harley Bassman on X: https://x.com/ConvexityMaven Follow David Goodson on X: https://x.com/dg_davidgoodson Simplify: https://www.simplify.us/ Voya: https://www.voya.com/

The Bull Market Continues: It’s Just Math Nov 22, 2024

Show from 11/22/24 Host Jeremy Schwartz and Professor Siegel discuss recent market developments, highlighting a continued strength in jobless claims, the Fed's future rate adjustments, and the implications of Bitcoin's rise toward $100,000. The Prof also shared his perspective on economic indicators such as inflation expectations, with attention to upcoming CPI and employment reports, before concluding with a note on the importance of fiscal policies for market dynamics. (12:00) Jeremy is then joined by J.C. Parets, founder of AllStarCharts.com, to analyze the current market environment through the lens of technical analysis. J.C. details the methodologies behind his market outlook, emphasizing the importance of identifying the prevailing market cycle to optimize strategies. He discusses key charts that signal market strength, including Amazon, Bitcoin, small caps, and the Dow Jones Transportation Average. Additionally, J.C. highlights sector trends in technology and biotech, providing insights into areas showing relative strength. The conversation rounds out with a focus on the evolution of the cryptocurrency market and its growing significance in the broader financial ecosystem. Guest: JC Parets, who holds a Chartered Market Technician (CMT) designation, is the founder of All Star Charts and is one of the most widely followed Technical Analysts in the world. All Star Charts is a research platform for both professional and retail investors covering US and International stocks, interest rates, commodities and forex markets. Follow J.C Parets on LinkedIn: https://www.linkedin.com/in/jcparetscmt To get the charts discussed in the podcasts, please visit http://Getthecharts.com

Granny meets DOGE: What’s Next for Markets Nov 15, 2024

Show from 11/15/24 Host Jeremy Schwartz and Professor Siegel discuss the latest market developments, including CPI and PPI inflation data and its implications for the Fed's policy. Professor Siegel highlights the challenges of higher long-term interest rates and the potential for recalibration in the Fed’s neutral rate estimation. (8:00) Jeremy continues with guest Thomas Lee, founder of Fundstrat, who shares insights on the economic outlook, the role of betting markets in forecasting, and the evolving landscape of crypto assets. They also delve into the prospects for small-cap stocks, AI’s transformative potential, and the launch of Fundstrat's "Granny Shots" ETF, a strategy based on multi-thematic investments. Guest: Thomas Lee is a Managing Partner and the Head of Research at Fundstrat Global Advisors. He is an accomplished Wall Street strategist with over 25 years of experience in equity research, and has been top-ranked by Institutional Investor every year since 1998. Prior to co-founding Fundstrat, he served as J.P. Morgan’s Chief Equity Strategist from 2007 to 2014, and previously as Managing Director at Salomon Smith Barney. His areas of expertise include Market Strategy, Small/Mid-Cap Strategy and Telecom Services. Mr. Lee received his BSE from the Wharton School at University of Pennsylvania with concentrations in Finance and Accounting. He is a CFA charterholder and is an active member of NYSSA and the NY Economic Club. Follow Thomas Lee on LinkedIn: https://www.linkedin.com/in/thomas-tom-lee Fundstrat: https://fundstrat.com/

Deep Rooted Realities: The Election and Markets Nov 08, 2024

Show from 11/08/24 Host Jeremy Schwartz and Professor Siegel reflect on the intense week in the markets, touching on the Federal Reserve’s latest rate decision, upcoming economic data, and the potential impacts of political changes following the U.S. election. Professor Siegel also notes the significant market reaction to the election results, particularly regarding fiscal policies, tariffs, and tax concerns. (13:10) Jeremy turns to his panel, with guests Sam Rines, Jeff Weniger, and Christopher Gannatti, to delve into global shifts in trade, the nearshoring trend, and China’s economic outlook. They discuss the impacts of geopolitical events on market stability, as well as shifts in sectors like tech, real estate, and small-cap stocks. Additionally, the conversation highlights changing dynamics in U.S. housing, energy, and healthcare sectors under the current economic landscape. Guest: Samuel Rines is a Macro Strategist at WisdomTree, where he extends the firm's custom model portfolio management capabilities. Before joining WisdomTree in 2024, he was the Managing Director at CORBU, LLC, leading the PolyMacro advisory product. Christopher Gannatti began at WisdomTree as a Research Analyst in December 2010, working directly with Jeremy Schwartz, CFA®, Director of Research. In January of 2014, he was promoted to Associate Director of Research where he was responsible to lead different groups of analysts and strategists within the broader Research team at WisdomTree. In February of 2018, Christopher was promoted to Head of Research, Europe, where he was based out of WisdomTree’s London office and was responsible for the full WisdomTree research effort within the European market, as well as supporting the UCITs platform globally. In November 2021, Christopher was promoted to Global Head of Research, now responsible for numerous communications on investment strategy globally, particularly in the thematic equity space Jeff Weniger, CFA serves as Head of Equity Strategy at WisdomTree. In his role, Weniger helps to formulate the firm’s stock market outlook by assessing macro and fundamental trends. Prior to joining WisdomTree, he was Director, Senior Strategist at BMO, where he worked in the office of the CIO from 2006 to 2017. He served on the firm’s Asset Allocation Committee and co-managed the firm’s ETF model portfolios for both the U.S. and Canada. In 2013, at the age of 32, Jeff was chosen as the youngest member of BMO’s Global Investment Forum, which collected the firm’s top global strategists to formulate the firm’s official long-term outlook for investment trends and markets. Follow Sam Rines on X: https://x.com/SamuelRines Follow Chri Gannatti on X: https://x.com/SamuelRines Follow Jeff Weiniger on X: https://x.com/JeffWeniger Wisdom Tree: https://www.wisdomtree.com/investments

Deep Rooted Macro: Jobs, Rates and the Election Nov 01, 2024

Show from 11/01/24 Host Jeremy Schwartz and Professor Siegel discuss the recent jobs report, with Professor Siegel noting that while the labor market shows signs of slowing, it remains strong enough to avoid immediate recession concerns. They also talk about potential Fed rate cuts and Siegel’s view that bond market conditions may reflect defensiveness around political uncertainties ahead of the election. (16:00) Jeremy is joined by WisdomTree colleagues Sam Rines, Chris Gannatti, and Jeff Weniger to discuss upcoming election implications for markets, insights from recent earnings, and the outlook for China. They cover sector-specific earnings impacts, especially within tech, automotive, and real estate, and examine evolving investor sentiment towards China. The conversation wraps with insights on AI investment trends and the importance of data security uses of AI in financial data, and his venture investments in early-stage tech companies. Guest: Samuel Rines is a Macro Strategist at WisdomTree, where he extends the firm's custom model portfolio management capabilities. Before joining WisdomTree in 2024, he was the Managing Director at CORBU, LLC, leading the PolyMacro advisory product. Christopher Gannatti began at WisdomTree as a Research Analyst in December 2010, working directly with Jeremy Schwartz, CFA®, Director of Research. In January of 2014, he was promoted to Associate Director of Research where he was responsible to lead different groups of analysts and strategists within the broader Research team at WisdomTree. In February of 2018, Christopher was promoted to Head of Research, Europe, where he was based out of WisdomTree’s London office and was responsible for the full WisdomTree research effort within the European market, as well as supporting the UCITs platform globally. In November 2021, Christopher was promoted to Global Head of Research, now responsible for numerous communications on investment strategy globally, particularly in the thematic equity space Jeff Weniger, CFA serves as Head of Equity Strategy at WisdomTree. In his role, Weniger helps to formulate the firm’s stock market outlook by assessing macro and fundamental trends. Prior to joining WisdomTree, he was Director, Senior Strategist at BMO, where he worked in the office of the CIO from 2006 to 2017. He served on the firm’s Asset Allocation Committee and co-managed the firm’s ETF model portfolios for both the U.S. and Canada. In 2013, at the age of 32, Jeff was chosen as the youngest member of BMO’s Global Investment Forum, which collected the firm’s top global strategists to formulate the firm’s official long-term outlook for investment trends and markets. Follow Sam Rines on X: https://x.com/SamuelRines Follow Chri Gannatti on X: https://x.com/SamuelRines Follow Jeff Weiniger on X: https://x.com/JeffWeniger Wisdom Tree: https://www.wisdomtree.com/investments

What we learned at Stocktoberfest Oct 25, 2024

Show from 10/25/24 Host Jeremy Schwartz and Professor Siegel cover recent economic trends, highlighting a slight drop in jobless claims and strong third-quarter GDP forecasts. Professor Siegel notes market stability, a potential November Fed rate pause, and rising bond yields driven by election dynamics. (11:10) Jeremy continues with guest Howard Lindzon, co-founder of StockTwits and Social Leverage. They discuss the evolving “degenerate economy,” meme coins, and the role of companies like Google, Robinhood, and Coinbase in this speculative market space. Lindzon also shares insights on StockTwits’ growth, future uses of AI in financial data, and his venture investments in early-stage tech companies. Guest: Howard Lindzon is a Canadian Author, financial analyst, technical analyst and super angel investor. Lindzon manages a hedge fund, serves as managing partner of the holding company Social Leverage, limited partner at Knight's Bridge Capital Partners, and is the co-founder of StockTwits. Follow Howard on LinkedIn: https://www.linkedin.com/in/howardlindzon StockTwits: https://stocktwits.com/ Social Leverage:https://www.socialleverage.com

Going Beyond Stocks and Bonds: How Much is Too Much and Cliffwater's Solutions Oct 18, 2024

Show from 10/18/24 Host Jeremy Schwartz and Professor Jeremy Siegel discuss the latest market trends, starting with strong retail sales, the bond yield increases, and a solid third-quarter GDP outlook. Siegel highlights positive productivity growth and deposit expansion, suggesting that the neutral interest rate might be higher than expected. He also comments on upcoming midterm elections and their potential market impact. (10:00) Jeremy then turns to guest Phil Huber, Head of Portfolio Solutions at Cliffwater, who shares insights on the growing role of alternative investments. They delve into private markets, private debt, and the increasing interest in alternatives for portfolios, emphasizing the importance of diversification, liquidity management, and manager selection in these areas. Guest: As both a wealth management practitioner and an investment-industry thought leader, Phil Huber, CFA, CFP®, is uniquely qualified in helping investors design, implement, and stick with evidence-based portfolios built to fulfill long-term financial goals and objectives. Phil is the Head of Portfolio Solutions for Cliffwater, a leading alternative investment adviser and fund manager. Prior to joining Cliffwater in 2024, Phil was the Chief Investment Officer for Savant Wealth Management, a multi-billion dollar wealth management firm. Phil has been involved in the financial services industry since 2007. He earned a bachelor’s degree in finance from the Kelley School of Business at Indiana University. He is a member of the CFA Society of Chicago. He is the author of The Allocator’s Edge: A Modern Guide to Alternative Investments and the Future of Diversification. Phil has been featured by a number of media outlets, including The Wall Street Journal, The New York Times, InvestmentNews, CityWire RIA Magazine, and Bloomberg TV. Follow Phil on LinkedIn: https://www.linkedin.com/in/phil-huber More Insights from Cliffwater: https://www.cliffwater.com/Insights Direct Lending for the Long Run: https://www.cliffwater.com/ResourceArticle?docId=23740 Cliffwater Direct Lending Index: https://www.cliffwaterdirectlendingindex.com/

The Latest Market Pulse and Another Alt Jobs Indicator Oct 11, 2024

Show from 10/11/24 Host Jeremy Schwartz and Professor Siegel discuss the latest inflation data, particularly focusing on the CPI, PPI, and jobless claims. Professor Siegel expresses mixed reactions, noting improvements in the PPI but concerns about other inflation indicators like car insurance and housing costs. He also mentions the market's resilience and optimism despite weaker data, particularly regarding inflation and jobless claims, and forecasts potential future Fed rate cuts. (9:00) Jeremy is then joined by Anna Rathbun, Chief Investment Officer at CBIZ Investment Advisory Services, who discusses the firm’s broad services and her perspective on economic data, including small business employment and inflation volatility. Rathbun emphasizes the uncertainty of the economic trajectory, explains the firm’s approach to portfolio construction, and shares insights into global markets, highlighting opportunities in India and Japan while cautioning against China. She also offers thoughts on U.S. geopolitical resilience and the potential for recession-driven tax policy shifts. Guest: Anna is the chief investment officer for CBIZ Investment Advisory Services, LLC (CBIZ IAS), a Registered Investment Advisory firm. Anna is responsible for overseeing the investment activities of CBIZ IAS through the CBIZ national Investment Committee. She helps to set the direction of the firm as a member of the Executive Committee. Learn more about Anna at: https://www.cbiz.com/about-us/employee-directory/employee-details/anna-j-rathbun Follow Anna on LinkedIn: https://www.linkedin.com/in/anna-rathbun-cfa-caia-aa561689

Was that Jobs Report Really Hot? And a Special Tribute Oct 04, 2024

Show from 10/04/24 Host Jeremy Schwartz and Professor Siegel open this week’s episode discussing the strong market report, noting gains in productivity despite a decline in hours worked, and the potential for a quarter-point rate cut by the Fed. Professor Siegel highlights the recalibration of long-term interest rates, predicting they may settle around 4-4.5%, and emphasizes the lowered risk of recession. (12:00) Jeremy is then joined by Yashwant Bajaj, founder and CIO of Four Ships Asset Management, for a special tribute to Ken Taheny, who tragically passed away. The conversation covers the outlook for Japan, its managed yen depreciation, and its geopolitical positioning in the global supply chain, particularly in semiconductors and other strategic sectors. Yashwant also shares insights into Japan's potential industrial revitalization and the challenges and opportunities facing the country. Learn more about Yashwant at: https://www.four-ships.com/ Follow Yashwant on LinkedIn: https://sg.linkedin.com/in/yashwant-bajaj-68433053

Finding Your Leading Edge Sep 27, 2024

Show from 09/27/24 Host Jeremy Schwartz and Professor Jeremy Siegel discuss the latest market data, focusing on US economic indicators and the impact of monetary policy. Professor Siegel highlights the increase in M2 money supply, home price trends, and the PCE deflator, suggesting the Fed may continue to lower rates. He shares his outlook on the 10-year treasury yield, China's economic stimulus, and Japanese equities before signing off. (10:00) Jeremy continues with guest Tom Morgan, who shares insights from his experience on Wall Street, his interest in human behavior, and his transition to a more holistic approach to decision-making. Tom discusses the impact of left versus right brain dominance on investing and personal life, emphasizing the importance of balance and intuition. He also talks about his network, the Leading Edge, where he helps people explore new identities and enhance their intuitive decision-making. Guest: Tom Morgan is a former financier and founder of The Leading Edge, a media platform and transformational community dedicated to sharing world-changing ideas and facilitating life-changing experiences. Learn more about Tom at: https://www.theleading-edge.org/ Follow Tom on LinkedIn: https://www.linkedin.com/in/tom-morgan-3a619372

A New Predictive Edge Sep 20, 2024

Show from 09/20/24 Host Jeremy Schwartz and Professor Siegel discussed the recent Federal Reserve meeting, with Professor Siegel expressing surprise that the Fed didn't raise rates by a quarter point despite strong data. He explained the Fed's recalibration in its approach, focusing on reaching the long-run neutral rate, which he estimates is around 3.5%. He also shared his expectations for gradual rate cuts over the next year and the potential impacts on stocks and bonds. (19:00) Jeremy continues with Alejandro Lopez-Lira from the University of Florida, who shares insights on his recent research using AI for stock prediction. They discuss the implications of large language models like ChatGPT on financial forecasting and market efficiency. Alejandro also talks about his new book, "The Predictive Edge," and delves into how AI and machine learning can enhance traditional financial models and portfolio strategies. Guest: Alejandro Lopez-Lira is an Assistant professor of Finance at Warrington College of Business, University of Florida. He holds a PhD in Finance from the Wharton School, University of Pennsylvania. His research covers topics in Empirical Asset Pricing, Machine Learning and Textual Analysis. Learn more about Alejandro at: https://alejandrolopezlira.site/ Follow Alejandro on LinkedIn: https://www.linkedin.com/in/alejandro-lopez-lira-239525a9?original_referer=https%3A%2F%2Fwww.google.com%2F

The Best Conference for Quant Finance Researchers Sep 20, 2024

Show from 09/13/24 Host Jeremy Schwartz and Professor Siegel discuss this week’s market movements, highlighting the implications of recent inflation data and the Federal Reserve’s policy outlook. Professor Siegel emphasizes his expectation for a series of gradual rate cuts over the coming months, expressing concerns about the Fed’s pace of adjustments. (15:00) Jeremy continues the conversation with Wharton Professor Chris Geczy, who shares his insights on inflation, market dynamics, and his experiences with the intersection of AI and investment management. They delve into the implications of fiscal policy, the evolving role of AI in finance, and the importance of diversified investment strategies in today’s market environment. Guest: Chris Geczy has been on the Finance Department faculty at the Wharton School of the University of Pennsylvania since 1997. He is Academic Director of the Jacobs Levy Equity Management Center for Quantitative Financial Research. He is also Academic Director of the Wharton Wealth Management Initiative at Wharton Executive Education. He has a B.A. in economics from the University of Pennsylvania and a Ph.D. in finance and econometrics from the Graduate School of Business at the University of Chicago (now the Booth School). Learn more about Chris at: https://fnce.wharton.upenn.edu/profile/geczy/ Follow Chris on LinkedIn: https://www.linkedin.com/in/chris-geczy-ph-d-a69114

What's next for the Fed, Gold, and traditional 60/40 portfolios? Sep 06, 2024

Show from 09/06/24 Host Jeremy Schwartz and Professor Siegel discuss the latest jobs report, noting it was weaker than expected but not disastrous. Professor Siegel also highlights concerns about the Fed being behind the curve, the impact of rising rates on the bond market, and his view on where the Fed funds rate should be. (12:47) Jeremy continues with guest Peter Boockvar, CIO at Bleakley Advisory Group, who shares insights on the economic impact of prolonged high rates and concerns about weakening market leadership. The conversation covers topics such as gold, central bank reserves, the challenges and opportunities in emerging markets, particularly Asia, and the risks surrounding U.S. debt and deficits. Peter emphasizes the importance of commodities in a diversified portfolio and the potential shifts in market leadership in the current macroeconomic climate. Guest: Peter is the Chief Investment Officer of Bleakley Financial Group, a $8B wealth management firm. He is also Editor of The Boock Report. He previously was the Chief Market Analyst for The Lindsey Group, a macro economic and market research firm started by Larry Lindsey. Prior to this, Peter spent a brief time at Omega Advisors, a New York-based hedge fund, as a macro analyst and portfolio manager. Before this, he was an employee and partner at Miller Tabak + Co for 18 years where he was recently the equity strategist and a portfolio manager with Miller Tabak Advisors. Peter graduated Magna Cum Laude with a B.B.A. in Finance from George Washington University. Learn more about Peter at: https://www.cnbc.com/peter-boockvar/ Follow Peter on X(Twitter): @pboockvar

Rents and Realities: Perspectives on Multi-family Housing Aug 30, 2024

Show from 08/30/24 Host Jeremy Schwartz and Professor Siegel discuss the latest market data, including recent jobless claims, the inflation outlook, and upcoming Fed decisions. Professor Siegel emphasizes the need for the Fed to lower rates to avoid unnecessary recession risks and comments on the stable but unimpressive economic performance. (09:08) Jeremy continues the discussion with guests Richard Oller and Jake Hollinger, who share insights on the real estate market, including rental trends stabilizing post-pandemic, the impact of interest rates on property valuations, and the challenges of negative leverage. They also explore the broader supply-demand dynamics in housing, potential policy solutions for affordability, and the evolving cultural shift towards renting over homeownership. Guests: Richard, a lawyer by training, in 1985 founded the Wentworth Group (now First Service Residential) which over the next 15 years grew into one of the largest residential real estate management firms in the United States. In 2004 Richard aligned with his current partner, Jeffrey Goldstein, sharing the helm at Multifamily Management Services and Affiliates (MMS) and GoldOller. As a founding member of GoldOller Real Estate Investments, LLC, Jakes serves as President and Chief Operating Officer. In this role, Jake directs new investments for the Goldoller portfolio and oversees management operations for all investments. Jake has over 15 years of experience working with real estate investments in acquisitions, development, finance, and management. Learn more about Richard at: https://goldoller.com/the-go-team/ Learn more about Jake at: https://goldoller.com/the-go-team/ Follow Jake on LinkedIn: linkedin.com/in/bill-miller-cfa-a421075

Powell Surprises: Time to Pivot to Value, Partner? Aug 23, 2024

Show from 08/23/24 Host Jeremy Schwartz and Professor Siegel discuss Powell’s recent speech at Jackson Hole, noting its dovish tone and implications for future Fed rate cuts. Professor Siegel emphasizes the ongoing strength in economic data, such as jobless claims and new home sales, while expressing concern over the timing and scale of rate cuts. He predicts that value stocks, small caps, and dividend payers will benefit as the Fed’s easing cycle continues. (12:21) Jeremy is joined by Bill Miller, who shares his insights on the economy and markets, including the strength of small-cap stocks. The two discuss opportunities for home builders and the impact of Fed policy on interest rates. Miller also discusses his firm’s value-oriented investment strategy, including positions in companies like Stellantis and PayPal, and his bullish stance on Bitcoin as a long-term investment. Guest: Bill Miller IV, CFA, CMT has managed the firm’s Income Strategy since April, 2009. Prior to working exclusively with Miller Value Partners, Bill worked at Legg Mason Capital Management since 2008 covering the specialty finance and consumer spaces with a focus on high-yielding securities. Bill earned his MBA from the Tuck School of Business at Dartmouth after working as an analyst at the management consulting firm McKinsey & Company. He graduated Phi Beta Kappa and magna cum laude from Tufts University with a degree in economics. Bill earned his CFA designation in 2011 and his CMT designation in 2018. Learn more about Bill at: https://millervalue.com/ Follow Bill on LinkedIn: linkedin.com/in/bill-miller-cfa-a421075

Fishing and finance: a readout from Maine Aug 16, 2024

Show from 08/16/24 Host Jeremy Schwartz is joined outdoors by guests Jim Bianco, founder of Bianco Research, and Jack Farley of Blockworks and the Forward Guidance podcast. The trio delves into a broad array of topics, including the potential for further interest rate cuts. They discuss implications of persistently high inflation, and the shifting dynamics in the bond and stock markets. Jim Bianco shares his perspective on a "no landing" scenario where the economy continues to grow without a significant downturn, which could lead to structurally higher inflation. They also discuss the evolution of the bond market, particularly the growing influence of ETFs. They talk about how these financial instruments are transforming traditional investment strategies. Guests: Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim’s commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades-long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 years at Bianco Research, Jim’s wide ranging commentaries have addressed monetary policy, the intersection of markets and politics, the role of government in the economy, fund flows and positioning in financial markets. Jack Farley covers traditional finance markets as the host of “Forward Guidance”. Jack previously worked at Bloomberg, Dealbreaker, and Real Vision, where he hosted over 100 long-form interviews with investors, analysts, and financial professionals. Jack graduated from Brown University with a degree in economics, and lives in NYC. Learn more about Jim at: https://www.biancoresearch.com/about-us/ Follow Jim on (X)Twitter: @biancoresearch Learn more about Jack at: https://blockworks.co/speaker/jack-farley Follow Jack on (X)Twitter: @JackFarley96

GRAPpling with what’s next Aug 09, 2024

Show from 08/09/24 Host Jeremy Schwartz and Professor Siegel dive into the week’s market developments, focusing on the Fed’s approach to interest rates. Professor Siegel strongly argues that the Fed should implement a significant rate cut, possibly 75 basis points. He believes the Fed’s models indicate that the Fed funds rate should already be lower. Siegel also discusses his concerns about the Fed’s lack of clear communication regarding their decision-making process, stressing the importance of adjusting rates sooner rather than later to maintain economic stability. (10:09) Jeremy continues the conversation with Samuel Rines who provides a detailed analysis of the current economic landscape. Rines touches on the noise in recent jobless claims data due to external factors like weather events. He discusses the normalization of inflation rates and how companies are beginning to see improvements in margins as input costs stabilize. Rines also highlights specific investment opportunities, including the potential in Japanese equities following recent market disruptions, the strategic importance of Poland within emerging markets, and the long-term growth prospects in India. Rines and Jeremy also discuss how geopolitical risks and currency fluctuations are influencing global investment strategies. Guest: Samuel Rines is the Managing Director of CORBU, a research intelligence and advisory platform at the intersection of markets, policy, and national security. Based in CORBU’s Houston, Texas office, Samuel is a global macro expert focused on the investment implications of politics and policy. His PolyMacro research and model portfolios are widely followed. Learn more about Samuel at: https://www.linkedin.com/in/samuelerines Follow Samuel on LinkedIn: @SamuelRines

A Fed Mistake and Opportunities in Japan Market Turmoil Aug 02, 2024

Show from 08/02/24 Host Jeremy Schwartz and Professor Siegel discuss the latest market developments, focusing on the recent Fed meeting and the implications of economic data. Professor Siegel criticizes the Fed’s decision to not cut rates despite signs of a weakening job market and increasing jobless claims. He expresses concern over a potential slowdown in the labor market and comments on the Fed’s neutral rate, inflation trends, and the performance of dividend-paying value stocks amid changing economic conditions. (14:52) Jeremy continues the conversation with Ken Taheny, head of trading and a co-portfolio manager at Foreships Asset Management. Ken discusses the recent turmoil in Asian markets, specifically Japan, highlighting the impact of the yen’s strengthening and the historic sell-off in Japanese equities. He explains the dynamics of the yen carry trade, the potential for a Japanese manufacturing renaissance, and the geopolitical factors influencing currency and market trends. Ken shares his insights into the opportunities in Japanese equities, the value of the yen, and the potential for Japan to become a key player in global high-end manufacturing as supply chains diversify from China. Guest: Kenneth Taheny and his team at Four Ships Asset Management excel in navigating complex trading strategies, having successfully managed significant asset portfolios. Through collaboration with a diverse international clientele, they've honed their expertise in financial services and asset management, ensuring operational excellence and regulatory compliance. Follow Kenneth on LinkedIn: linkedin.com/in/kenneth-taheny-60554524

Opportunities in the Market Rotation Jul 26, 2024

Show from 07/26/24 Host Jeremy Schwartz and Professor Siegel delve into the latest economic data, discussing the current GDP growth rate of 2%, stable jobless claims, and the PCE consumption figures. They note the favorable trends in commodity prices and speculate on the Fed’s potential rate cuts in September, with Professor Siegel suggesting a likely 25 basis points cut. The discussion also covers the political landscape, including the narrowing odds for Trump and the implications for tax policies under a potential Harris administration. (10:51) Jeremy Schwartz continues with Stephen Lee from Logan Capital, focusing on large-cap growth, the real rotation in the market, and how technology is impacting various sectors. Stephen Lee highlights the impact of AI and digital tools on business operations. They also discuss the importance of earnings leadership, where companies demonstrate their ability to grow despite economic challenges. Lee emphasizes the role of good management and technological adoption in driving growth. They touch on the differences between passive and active investment strategies, noting the advantages of identifying growth opportunities earlier than indices. The conversation concludes with insights into sectors benefiting from structural themes like housing, and how companies are adapting to changing market conditions and consumer behaviors. Guest: Stephen is a founding principal of Logan Capital and the firm’s treasurer. As a manager of growth portfolios, Stephen plays an active role in the security selection for the firm’s large cap growth and mid-to-large cap growth portfolios. He is also a member of the Fixed Income team. Before founding Logan Capital with his partners in 1993, Stephen was employed at Mercer Capital Management and Merrill Lynch. He currently serves his community as a member of several investment committees and foundation boards. He is a graduate of Lehigh University with a BS in accounting. Learn more about Stephen at: https://logancapital.com/team/#stephen-s-lee Follow Stephen on LinkedIn: linkedin.com/in/stephen-lee-b3a53a5

Is private credit in a bubble? Jul 18, 2024

Show from 07/19/24 Host Jeremy Schwartz and Professor Siegel discuss the political dynamics and potential scenarios surrounding the upcoming elections, as well as the implications of recent economic data, including jobless claims, housing, and retail sales figures. Siegel provides insights on the Fed’s anticipated moves and the market rotations between large and small stocks, emphasizing that small stocks may continue to benefit if the Fed cuts rates. (11:28) Jeremy continues with guests Andrew Okrongly and Vin Kravec from the Common Fund, exploring the private credit space. They discuss the surge in demand for private credit and its role as a liquid credit replacement The group touches base on the various strategies within private credit, such as senior lending and asset-based finance. Vin highlights the importance of private credit in enhancing portfolio diversification and its potential for higher yields compared to traditional credit markets. Guests: Andrew Okrongly joined WisdomTree in 2022 as a Director on the Model Portfolios Team. He is responsible for the design and ongoing management of model portfolios and custom solutions for portfolio managers and advisors. Andrew is also a member of the WisdomTree Asset Allocation and Model Portfolio Investment Committees. Prior to joining WisdomTree, Andrew was a Director on the Outsourced Chief Investment Officer (OCIO) team at Commonfund, where he was responsible for macro-economic analysis and advising institutional clients on strategic and tactical asset allocation. Andrew began his career at BlackRock where he held a variety of fixed income and multi-asset investment roles. Andrew received a BBA degree from the University of Michigan and is a holder of the Chartered Financial Analyst designation. He is a holder of the Chartered Financial Analyst designation. Vincent Kravec is a member of the Commonfund OCIO Investment team and is primarily responsible for investment monitoring, manager sourcing, rebalancing and reporting for investment portfolios with a focus in fixed income and credit strategies. Prior to joining Commonfund, Vincent was with Lazard Asset Management as a member of the Fixed Income operations staff. While at Lazard he was a trading assistant on the Emerging Markets team. He was also a supervisor in Fixed Income Accounting and had responsibilities in trading operations involving allocating trades and resolving trade problems for corporates, treasuries, municipals, asset backs and FX trading desks. Previous experience includes positions at Morgan Stanley, Alliance Capital and Evaluation Associates. Vincent earned his M.B.A. in from New York University’s Stern School of Business and his B.A. from Fairfield University. He is also a CFA charter holder. Learn more about Andrew at: https://www.wisdomtree.com/investments/andrew-okrongly Follow Andrew on X(Twitter): @AOkrongly Learn more about Vin at: https://www.commonfund.org/commonfund-teams/outsourced-cio-team Follow Vin on LinkedIn: linkedin.com/in/vin-kravec-cfa-2a610b10

Behind the Markets Podcast Special: Schwartz & Siegel Jul 12, 2024

Host Jeremy Schwartz and Professor Siegel discuss the latest market trends, focusing on significant inflation data and its implications for Federal Reserve rate decisions. Professor Siegel highlights the positive CPI report and its potential to prompt rate cuts while expressing cautious optimism about unemployment claims and productivity trends. Jeremy continues with insights on market reactions to economic indicators, emphasizing the impact on various sectors and the potential for future rate adjustments.

Misconceptions on misinformation Jul 05, 2024

Show from 07/06/24 Host Jeremy Schwartz is joined by David Rothschild, a senior economist at Microsoft, who shares his research on the misconceptions surrounding online misinformation. David explains the nuanced landscape of media consumption, emphasizing the importance of understanding the broader media ecosystem and the role of algorithms. The two explore the challenges of addressing misinformation and the limitations of algorithmic influence, underscoring the role of user choice in content consumption. The conversation also touches on the implications of social media for political polarization. They delve into the potential effects of AI on society and productivity, with David highlighting both the opportunities and challenges presented by advancements in generative AI. He shares insights from his work on the Media Bias Detector, a tool designed to analyze media coverage and its impact on public perception, and discusses the broader implications of AI-driven research for understanding. The episode concludes with reflections on the future of media, technology, and their intersection with societal trends. Guest: David Rothschild is an economist at Microsoft Research. He has a Ph.D. in applied economics from the Wharton School of Business at the University of Pennsylvania. He has written extensively, in both the academic and popular press. His work pushes the boundaries on varying data and methods: polling, prediction markets, social media and online data, and large behavioral and administrative data. His work focuses on solving practical and interesting questions including: mapping and updating public opinion, the market for news, effect of advertising, finance, and an economist's take on public policy. Learn more about David at: https://www.microsoft.com/en-us/research/people/davidmr/ Follow David on X(Twitter): @DavMicRot

Shelter inflation bias and trends Jun 28, 2024

Show from 06/28/24 Host Jeremy Schwartz and Professor Siegel kick off the episode discussing recent market trends and political impacts on the stock market, particularly focusing on the market’s reactions to political debates and economic indicators such as housing starts, trade deficits, and GDP growth estimates. Professor Siegel notes the persistent high interest rates affecting housing prices and the soft economic data in various sectors. He concludes with his outlook on the Federal Reserves potential actions in the upcoming meetings. (11:52) Jeremy continues the conversation with San Francisco Fed Research Advisor John Mondragon, who delves into the intricacies of measuring housing and inflation metrics, particularly the CPI and owner’s equivalent rent (OER). They discuss the lag in rent inflation data and its implications on current economic assessments. Mondragon also touches on his research on housing supply dynamics and the long-term impact of housing construction on prices. Following this, Warren Pies from 3Fourteen Research joins to share his market outlook for the second half of the year. He highlights the persistent inflationary pressures in the housing market and forecasts a continued bullish trend driven by a potential Fed pivot and credit expansion narrative. Pies emphasizes the importance of sentiment and positioning in market dynamics, and discusses strategic asset allocation focusing on quality stocks and alternative investments. Guests: John Mondragon is a research advisor at the Federal Reserve Bank of San Francisco. He works on the mortgage and housing markets and empirical macroeconomics. Prior to founding 3Fourteen Research, Warren Pies led Ned Davis Research’s Energy and Commodity strategy. In that role, he built the firm’s commodity-related studies, models, and unique indicators. His research combines proprietary fundamental, technical and macro indicators to identify major investment themes and market trends affecting capital markets. Learn more about John at: https://sites.google.com/site/johnnelsonmondragon/ Follow John on LinkedIn: linkedin.com/in/john-mondragon-250028138 Learn more about Warren at: https://www.3fourteenresearch.com/about Follow Warren on LinkedIn: linkedin.com/in/warren-pies-erp-1b999437

MacroCharts 1st podcast! Jun 21, 2024

Show from 06/21/24 Host Jeremy Schwartz and Professor Siegel discuss the latest market trends, focusing on slightly lower-than-expected economic data, jobless claims, and recent activity in the tech sector, particularly NVIDIA's stock movements. Siegel also comments on the ongoing softness in the housing market and the potential implications of the upcoming presidential debate on the stock market. (11:06) Jeremy continues with the publisher of Macro Charts on Substack, who shares insights on market trends, technical analysis, and his investment philosophy. They discuss the recent performance of the U.S. market, and the positioning and potential of China as an investment opportunity. The guest talks about the importance of understanding market signals and avoiding noise in investment decisions. Macro Charts emphasizes the need to focus on significant trends and signals while also being adaptable to the fast-paced changes in market conditions. Guest: Macro Charts publishes global market research on Substack. Substack is an American online platform that allows journalists, writers, and other content creators to publish newsletters and establish a subscription-based audience. Learn more about Macro Charts at: https://macrocharts.substack.com/about Follow Macro Charts on X(Twitter): @MacroCharts

Inflationary Waves and Case for $4,000 Gold Jun 12, 2024

Show from 06/14/24 Host Jeremy Schwartz and Professor Siegel start this week by discussing the latest inflation data and the Fed meeting outcomes. Professor Siegel highlights that inflation numbers across various indices have met or fallen below expectations, and he anticipates a potential rate cut by the Fed based on the current data trends. Additionally, Siegel touches on the job market’s stability and the strong performance of specific tech stocks despite a narrow market rally. (10:04) Jeremy continues the conversation with Philippe Gijsels, who introduces his new book “The New World Economy in Five Trends.” They discuss the long-term inflationary trends driven by aging demographics, climate change, and debt, and the role of innovation in potentially countering these trends. Gijsels elaborates on the importance of real assets in an inflationary environment. The two also discuss the significance of geopolitical shifts, and the potential for significant developments in commodities and clean tech sectors. Guest: Philippe Gijsels is an enthusiastic investment professional, a rare exception who managed to turn his hobby into a profession. He studied economics and financial analysis, read tons of books on investing and many other topics and has now been working for the Fortis ‘family’, which was renamed BNP Paribas Fortis, for almost 20 years. The integration of the bank into the BNP Paribas group opened up a whole new world of contacts and information for him. Learn more about Philippe at: https://www.bnpparibasfortis.com/newsroom/press-release/philippe_gijsels_appointed_chief_strategy_officer_at_bnp_paribas_fortis Follow Philippe on LinkedIn: linkedin.com/in/philippe-gijsels-5563131

SCSP: A Vision for Competitiveness Jun 07, 2024

Show from 06/7/24 Host Jeremy Schwartz and Professor Siegel dive into this week’s market data, highlighting unexpected job growth and its implications on the economy. Professor Siegel notes the market’s resilience despite bond market fluctuations, and emphasizes the potential impact of upcoming FOMC meetings and CPI reports. (10:47) Jeremy Schwartz continues the discussion with Ylli Bajraktari, CEO of the Special Competitive Studies Project. They explore the strategic importance of technology and innovation in maintaining global competitiveness, particularly against China. Ylli discusses the parallels between their new document and the Cold War-era NSC 68, and outlines the critical role of AI and other emerging technologies in the geopolitical landscape. They also touch on the necessity for public-private partnerships and the bipartisan support needed to stay ahead in the technology race. Guest: Ylli Bajraktari is the President and CEO of the Special Competitive Studies Project. Prior to launching SCSP, Ylli served as the Executive Director of the National Security Commission on Artificial Intelligence. Prior to joining NSCAI, he served as Chief of Staff to the National Security Advisor LTG H.R. McMaster, held a variety of leadership roles for former Deputy Secretary of Defense Robert Work, and served as Special Assistant to the Chairman of the Joint Chiefs of Staff, General Dempsey. Originally joining the Department of Defense in 2010, he served in the Office of the Undersecretary for Policy as a country director for Afghanistan, and later India. Mr. Bajraktari is the recipient of the Department of Defense Distinguished Civilian Service Medal – the highest award given to career DoD civilian employees. Learn more about Ylli at: https://www.scsp.ai/ylli-bajraktari/ Follow Ylli on LinkedIn: linkedin.com/in/ylli-bajraktari-5b101326b

Strategies for Uncertain Times May 31, 2024

Show from 05/31/24 Hosts Jeremy Schwartz and Professor Siegel discuss recent market trends, starting with the latest inflation data, earnings season results, and current tech sector weaknesses. Professor Siegel comments on the recent jury decision on Trump, noting it had no significant market impact. Professor Siegel anticipates a slowdown in GDP growth but does not foresee a recession. (09:03) Jeremy continues the conversation with Adam Phillips, Managing Director of Investments at EP Wealth Advisors. Adam provides an overview of EP Wealth Advisors, emphasizing their focus on comprehensive financial planning and investment management. He discusses how election uncertainties impact clients’ investment strategies and the broader market. He also explains the firm’s approach to managing portfolios, highlighting a preference for high-quality investments and strategic diversification. Adam noted an increased interest in international investments, particularly in Japan and Europe. On the fixed income front, Adam describes their strategy of managing duration and maintaining exposure to high-quality bonds while cautiously incorporating strategic income assets. Adam also touches on the role of alternative investments in client portfolios, including private credit, private equity, and other non-traditional assets. He underscores the importance of these investments in achieving diversification and managing risk in the current economic environment. Guest: Adam N. Phillips, CFA, CAIA, CFP® has a strong background in investments and portfolio strategy. Adam N. has held various senior level positions at EP Wealth Advisors and City National Rochdale, where Adam N. has worked with high net worth, trust, and institutional clients. With an MBA from UCLA Anderson School of Management and a BS in Business Administration from USC Marshall School of Business, Adam's expertise in asset allocation, security selection, and tax management make him a valuable asset in the finance industry. Learn more about Adam at: https://theorg.com/org/ep-wealth-advisors/org-chart/adam-n-phillips-cfa-caia-cfp Follow Adam on LinkedIn: linkedin.com/in/adamnphillips

Jeremy Joins Facts vs Feelings Pod May 30, 2024

Show from 05/24/24 Host Jeremy Schwartz is joined by Ryan Detrick and Sonu Varghese for a special dual release episode of Behind the Markets and Facts vs. Feelings. The tables turn in this episode as Jeremy takes the guest seat. He discusses his long-term collaboration with Professor Jeremy Siegel and their work on “Stocks for the Long Run,” highlighting insights on market trends, valuation perspectives, and international investments. They delve into the current state of the economy, inflation measures, and the potential impact of AI on productivity. Ryan and Sonu then shift the conversation to Jeremy’s experiences as WisdomTree’s Global CIO, exploring the firm’s innovative approaches to ETFs and model portfolios. Jeremy shares his thoughts on the importance of international diversification, the competitive edge of Japanese stocks, and the implications of currency hedging strategies. The episode concludes with Professor Siegel and Jeremy’s passion for barbecue. Facts Vs Feelings Hosts: As Chief Market Strategist at Carson Group, Ryan Detrick brings a wealth of expertise and a strong understanding of financial markets to guide the firm’s strategic investment decisions. With a proven track record of insightful market analysis and a passion for helping both advisors and clients navigate the complexities of the financial landscape, Ryan plays a pivotal role in shaping the investment strategies that drive Carson Group’s success. Sonu Varghese has over 15 years of experience in the Asset Management industry. Before joining Carson, he was a Partner and Director of Research at Convex Capital Management where he co-managed portfolios, advised clients and led the research effort, including creating a proprietary leading economic index for 30 countries and systematizing investment processes. Prior to that Sonu worked independently with hedge fund managers and high-net worth individuals to develop quantitative investment models for trading equities, options, ETFs and closed-end funds. Learn more about Ryan at: https://www.carsongroup.com/insights/blog/team-members/ryan-detrick/ Follow Ryan on X(Twitter): @RyanDetrick Learn more about Sonu at: https://www.carsonwealth.com/team-members/sonu-varghese/ Follow Sonu on X(Twitter): @sonuvarghese Listen to Facts vs. Feelings on Spotify: https://open.spotify.com/episode/0pDWHQulo5ezvA3hPS5wH7 Listen to Facts vs. Feelings on Apple Music: https://podcasts.apple.com/ca/podcast/talking-about-markets-and-life-with-jeremy-schwartz-ep-87/id1651235114?i=1000657157147

Insights from Wharton’s AI Conference May 24, 2024

Show from 05/24/24 Host Jeremy Schwartz and Professor Siegel discuss the recent positive economic data, including strong durable goods reports, good claims data, and a strong GDP growth rate for the current quarter. Professor Siegel expresses optimism despite some market jitters related to the FOMC minutes and commodity price movements. He highlights how certain economic indicators, such as oil and copper prices, have softened, which may positively impact inflation trends. Siegel also discusses the potential implications of AI advancements, especially in light of NVIDIA’s impressive earnings, and the broader economic context, emphasizing the importance of monitoring future economic data closely. (6:56) Jeremy welcomes guest Daniel Rock, a professor at Wharton and an expert on AI and its economic impacts. They discuss Daniel’s recent AI conference and the cutting-edge research presented there, including the role of AI in enhancing productivity and the transformation of various job sectors. Daniel elaborates on his research findings, indicating that while AI can significantly boost productivity in higher-wage jobs, it also poses challenges in terms of job displacement and economic inequality. The conversation touches on practical AI applications in business, the necessity of training and adaptation for effective AI implementation, and the potential long-term economic benefits and risks associated with widespread AI adoption. Daniel also highlights the importance of interdisciplinary collaboration to fully understand and harness the power of AI in the evolving economic landscape. Guest: Daniel Rock is an Assistant Professor in the Operations, Information, and Decisions(OID) department at the Wharton School of the University of Pennsylvania. He is one of the affiliated faculty members at Wharton AI for Business. Broadly, his research is centered on the economic impact of digital technologies. Daniels' work shows that new digital technologies and intangible assets are an increasingly important component of economic activity. Investment in data assets, machine learning and artificial intelligence, and technological human capital are critical margins for firm competition and social change in this environment. In his research, Daniel measures and explains how some of these trends are evolving. Learn more about Daniel at: https://www.danielianrock.com/ Follow Daniel on X(Twitter): @danielrock

Tactical Takes on Emerging Markets May 17, 2024

Show from 05/17/24 Host Jeremy Schwartz and Professor Siegel delve into the latest market trends, starting with recent positive inflation data. The Prof notes concerns over various economic indicators, such as soft retail sales and housing starts, while emphasizing strong earnings and technical market strength. He also mentions the rise in commodity prices, particularly copper, driven by AI-related demand. Despite some economic weaknesses, The Professor remains bullish on the market’s short-term technicals. (12:08) Jeremy then welcomes Krishna Kumar, founder and PM at Goose Hollow Capital. They discuss the dominance of tech stocks in the S&P 500, the challenges of high valuations, and the strategic importance of commodities in portfolios. Krishma elaborates on the need for tactical investment strategies. He talks about the potential of emerging markets, and the importance of diversifying beyond traditional U.S.-centric portfolios. Guest: Krishna Kumar is the CIO of Goose Hollow Capital Management, a boutique investment management firm based in the NY area. He has two decades of markets experience with expertise in derivatives trading and has managed size-able multi-asset portfolios at two large Hedge Funds. Prior to his buy-side career, Mr. Kumar worked in Derivatives at Citi and Barclays. He was a pioneer in creating Systematic Strategies at Barclays. He has an undergraduate degree in Mathematics and Graduate degree in Computational Finance. He has been applying machine learning techniques to Macro Markets. Learn more about Krishna at: https://goosehollowcapital.com/ Follow Krishna on LinkedIn: linkedin.com/in/krishna-kumar-mba-89372aa

SCSP: Bringing Advanced Manufacturing Home May 09, 2024

Show from 05/10/24 Jeremy Schwartz, alongside Elisabeth Reynolds from MIT and Liza Tobin from SESP, discuss the dynamic landscape of U.S. competitiveness in technology and manufacturing. The conversation focuses on the implications of the CHIPS Act and the Inflation Reduction Act, which are pivotal in revitalizing the U.S. manufacturing sector through substantial governmental investment and policy support. Elisabeth and Liza highlight the strategic need to strengthen supply chains and enhance technological advancements to compete globally, particularly against China’s long standing manufacturing strategies. They emphasize the importance of integrating advanced manufacturing technologies and digital capabilities to sustain economic security and industrial innovation in the U.S. Guests: Elisabeth Reynolds is a Lecturer and Principal Research Scientist focused on systems of innovation, regional economic development and industrial competitiveness. Her research and practice centers on regional cluster development and innovation systems as well as advanced manufacturing, growing innovative companies to scale, and building innovation capacity in developed and developing countries. She recently served in the Biden Administration at the National Economic Council as Special Assistant to the President for Manufacturing and Economic Development from 2021 to October, 2022. In that capacity, she was engaged in many of the country’s supply chain challenges as well as helped to develop the Biden Administration’s manufacturing agenda and broader industrial strategy including around infrastructure, semiconductors and clean energy. Liza Tobin is the senior director of research and analysis for economy at the Special Competitive Studies Project. Before joining SCSP, she served on the National Security Council staff as China director, where she led the development of multiple US strategies and policies related to China, including on trade and economics, climate and the environment, military issues, and China’s influence beyond the Indo-Pacific. Before serving at the National Security Council, Ms. Tobin worked for more than a decade in various capacities as a China specialist for the US government, including as a senior adviser at the US Indo-Pacific Command and an economic analyst at the CIA, and in various roles in the private sector and academia. She holds an MA in international relations with concentrations in China studies and international economics from the Johns Hopkins University School of Advanced International Studies, a graduate certificate from the Hopkins-Nanjing Center, and a BA in China studies and biblical studies from Gordon College. Learn more about Elisabeth: https://dusp.mit.edu/people/elisabeth-reynolds Follow Elisabeth on LinkedIn: linkedin.com/in/elisabeth-reynolds Learn more about Liza: https://itif.org/person/liza-tobin/ Follow Liza on LinkedIn: linkedin.com/in/liza-tobin-b9b902200

Behind the Markets Podcast: Constance Hunter & Samuel Rines May 02, 2024

Show from 05/03/24 Host Jeremy Schwartz and Professor Siegel discuss the latest economic data and market reactions. Prof. Siegel highlights the Federal Open Market Committee’s decision to maintain patience in policy adjustments amidst mixed economic signals, notably the unexpected benefits of subdued wage growth and soft payroll numbers, despite persistent price pressures in certain sectors. (12:08) The conversation then transitions to guests Constance and Samuel, who delve into economic forecasts and the impact of ongoing inflation trends on future Federal Reserve actions. Samuel emphasizes the need to pay attention to businesses rather than only focusing on what The Fed releases. Constance gives great examples of productivity around AI. The group tackles global economic conditions affecting markets today. They discuss energy prices all the way to international manufacturing shifts. Guests: Hunter holds a BA in Economics and Sociology from New York University, a master's degree from Columbia University's School of International and Public Affairs, and the Certified Business Economist designation. She is an expert in macroeconomic and industry analysis and is recognized for being among the first economists to forecast pivotal economic events, including the impacts of COVID-19 on the US and other global economies, the 2007 real estate and credit crisis, and the 2001 burst of the Dotcom bubble. Hunter joins AIG from KPMG, where she served as a chief economist since 2013 and a member of the growth and strategy leadership team since 2020. Previously, she has served as a deputy chief investment officer at AXA Investment Managers, where she helped lead the management of over $500 billion in fixed-income assets. Samuel Rines is the Managing Director of CORBU, a research intelligence and advisory platform at the intersection of markets, policy, and national security. Based in CORBU’s Houston, Texas office, Samuel is a global macro expert focused on the investment implications of politics and policy. His PolyMacro research and model portfolios are widely followed. Follow Constance on LinkedIn: linkedin.com/in/constance-l-hunter Follow Constance on (X)Twitter: @ConstanceHunter Follow Samuel on LinkedIn: linkedin.com/in/samuelerines Follow Samuel on (X)Twitter: @SamuelRines

Behind the Markets Podcast: Jason Hsu Apr 26, 2024

Show from 04/26/24 Hosts Jeremy Schwartz and Professor Jeremy Siegel dive into this week's market dynamics, starting with a discussion on the unexpectedly low GDP report. Professor Siegel shares his concerns but offers a more optimistic outlook based on detailed analysis of positive economic data indicators, suggesting a better performance in the upcoming quarters. (14:52) Jeremy transitions to guest Jason Hsu of Reliant Global Advisors. The two focus their discussion on the investment landscape in Asia, particularly China and Japan. They assess the valuation of Chinese markets amidst geopolitical tensions. They continue by exploring broader implications for emerging markets, with a comparative analysis of regional investment strategies. Guest: Jason Hsu is the founder and chairman of Rayliant Global Advisors. Throughout his accomplished career, Jason’s commitment to academic rigor and investor advocacy have led him to research, develop, and bring to market investment strategies that create significant value for investors. At Rayliant, Jason is continuing that commitment by educating investors and offering products to transform the investment ecosystem in Asia and beyond. Prior to his current role, Jason was the co-founder and vice chairman of Research Affiliates. Learn more about Jason at: https://rayliant.com/team/jason-hsu/ Follow Jason on LinkedIn: linkedin.com/in/jasonchsu

Behind the Markets Podcast: Rob Sluymer Apr 19, 2024

Show from 04/19/24 Hosts Jeremy Schwartz and Jeremy Siegel begin the discussion by addressing the latest Federal Reserve's maneuvers regarding interest rates. Professor Siegel offers his insights, suggesting cautious optimism due to the strong job market, despite the Fed's conservative stance on upcoming rate cuts. He details how current economic indicators could lead to adjustments in future monetary policy, emphasizing the dual mandate of the Fed to monitor inflation and employment. (13:15) The conversation shifts to Rob Sluymer, Technical Strategist at RBC Wealth Management. Rob brings a unique perspective on the market, focusing on the S&P 500's potential through the lens of technical analysis and market cycles. He offers detailed forecasts, analyzing how long-term cycles could influence immediate investment opportunities and market trends, emphasizing the necessity for investors to recognize and adapt to these cycles for strategic planning. Follow Rob on X (Twitter): https://twitter.com/rsluymer?lang=en Follow Rob on LinkedIn: https://www.linkedin.com/in/rob-sluymer-9a59a4b

Behind the Markets Podcast: Aaron Dubin Apr 12, 2024

Show from 04/12/24 Host Jeremy Schwartz and Professor Siegel start off this week's episode by discussing a potential attack by Iran on Israel, inflation panic and moving markets. The Prof continues on to pinpoint which shift in the market led to the inflation panic. He suspects quarter one will come ahead of current expectations. (12:06) Jeremy is joined by Aaron as the two talk about the current AI moment and the opportunities it presents. He discusses cyber security and how AI technology can protect from hackers. Jeremy asks about Team 8 and the model they have created. Aaron talks about the intersection of AI and geopolitics and its effects on Team 8. Aaron comments on Europe's regulations surrounding AI. Aaron also discusses the cloud, the Linux hack and the LoanDepot attack. Guest: Aaron Dubin is the VP of Strategy & Business Research at Team8, where he is responsible for business research at the company and foundry level, in addition to targeted business development, and thought leadership. Previously, Aaron led early-stage strategic cyber investing in New York at Goldman Sachs’ Principal Strategic Investments (PSI) team. Prior to that, Aaron was an Investment Associate at Innovation Endeavors, Former Google Chairman Eric Schmidt’s private VC fund, in both Tel Aviv and New York, while also working as a Teaching Assistant at Cornell Tech in the MBA program. Learn more about Aaron at: https://team8.vc/team/aaron-dubin/ Follow Aaron on LinkedIn: linkedin.com/in/aaron-dubin-0aa42842

Behind the Markets Podcast: Peter Berezin Apr 05, 2024

Show from 04/05/24 Host Jeremy Schwartz and Professor Siegel report on another positive week in the market. The Prof notes the payroll report was strong. He was happy to see average hourly work increase. The Prof mentions to watch for CPI, PPI and commodity pricing in the coming weeks. Peter joins in quickly to state he isn’t as concerned as Professor Siegel about the commodity prices. He is worried about the labor market however. (16:26) Peter and Jeremy continue on to discuss Peter's notes on the odds of a global recession. Jeremy asks about the growth of M2 and if it ties into banking dynamics. Peter covers sectors he favors at this time given the state of the economy and his early prediction of a recession. Peter explains what a Macro Quant model is and how his team uses it. The two discuss where rates could potentially go moving forward given the strong restrictions at the time. Guest: Peter is currently BCA Research’s Chief Global Strategist and Research Director. Since joining BCA Research in 2010, he has served as Managing Editor of The Bank Credit Analyst as well as helping to develop and launch BCA Research’s Equity Analyzer Service. Peter focuses on analyzing global economic and financial market trends. Prior to BCA Research, Peter worked as a Senior Global Economist with Goldman Sachs. Peter has also spent time in the research department of the International Monetary Fund. Peter has a Bachelor of Arts in Economics from McMaster University, a Master of Science from the London School of Economics, and a PhD in Economics from the University of Toronto. Learn more about Peter at: https://www.bcaresearch.com/about-us/our-strategists/peter-berezin-gis Follow Peter on X(Twitter): @PeterBerezinBCA

Behind the Markets Podcast: Dan Ives Mar 29, 2024

Show from 03/29/24 Host Jeremy Schwartz and Professor Siegel begin this holiday weekend with positive reflections on the market. Inflation numbers came out as expected. The Prof notes a surprise rise in personal spending and a decline in the housing prices. (7:20) Dan joins Jeremy and Chris Gannatti to discuss where we are in the current tech cycle. The group talks about the Metaverse, AI development and collaborations between Google and Apple. Jeremy asks if they think there will be competition in the infrastructure as time goes on. The three discuss the potential benefits companies get by investing in Nvidia. Dan and Chris also comment on overseas risks involved with tech and lack of demand from Asia. Guest: Daniel Ives is a Managing Director and Senior Equity Research Analyst covering the Technology sector at Wedbush Securities since 2018. Dan has been a tech analyst on Wall Street for over two decades covering the software and the broader technology sector. He spent the first few years of his career as a financial analyst at HBO and then received his MBA in Finance before becoming a globally known technology equity research analyst and Managing Director with FBR Capital Markets for 16 years, focusing on the enterprise software/hardware sectors including cyber security, cloud computing, big data technology, and the mobile landscape. A major area of his research focus is electric vehicles and disruptive technology over the next decade. Learn more about Dan at: https://www.wedbush.com/analysts/daniel-ives/ Follow Dan on LinkedIn: linkedin.com/in/daniel-ives-542321a8 Chris Gannatti is Head of Research at WisdomTree Europe Follow him on x(Twitter): @CGannatti

Behind the Markets Podcast: David Rosenberg Mar 21, 2024

Show from 03/22/24 Host Jeremy Schwartz and Professor Siegel discuss this week's market and Powels dovish announcement. The Prof states that the Fed believes trends are decreasing however he feels the economy is still moving along nicely. He notes that deflationary forces have begun to ease up. David joins to give his market opinion alongside the Prof as the two discuss their opposing views. (23:42) David continues with Jeremy to talk about how he forecasts the market with his business. Jeremy asks David about consumer sales and how it’s affecting some of the luxury brands. David touches on topics like the employment report, and recent comments from Bullard. He gives his case on why he loves the Japanese Market. David also talks about India as another alternative market to China. Guest: David is the Founder and President of Rosenberg Research. Prior to Rosenberg Research, David was Chief Economist & Strategist at Gluskin Sheff + Associates Inc. from 2009 to 2019. From 2002 to 2009, he was Chief North American Economist at Merrill Lynch in New York. During this time, he was consistently ranked in the Institutional Investor All-Star analyst rankings. Prior thereto, he was Chief Economist and Strategist for Merrill Lynch Canada, based out of Toronto, where he and his team placed first in the Brendan Wood survey of Canadian economists for ten years in a row. Mr. Rosenberg is a frequent contributor to major financial newspapers and publications in North America and makes regular TV appearances in the financial media. He received both a Bachelor of Arts and Master of Arts degree in Economics from the University of Toronto. Learn more about David at: https://www.rosenbergresearch.com/ Follow David on X(Twitter): @EconguyRosie

Behind the Markets Podcast: Thomas Capasse Mar 15, 2024

Show from 03/15/24 Host Jeremy Schwartz and Professor Siegel dig in this week on the most current market information, starting off by talking about the CPI and PPI outcomes. The Prof states the market seems to have bottomed out and is not going lower. Tom and Professor Seigel agree that the commercial real estate market has really suffered. (13:31) Jeremy continues on with Tom who gives us a breakdown of what Ready Capital is all about. Tom talks through a normal transaction cycle and explains bridge financing. He comments on how interest rates have impacted the commercial real estate market. Jeremy asks about commercial mortgage REITs and the discounts people are seeing. Tom also gives us more details on how their SBA loans work and what pressures he sees in the banking community. Guest: Thomas Capasse serves as Chairman of our board of directors, Chief Executive Officer, and Chief Investment Officer. Mr. Capasse is also a Principal and co-founder of Ready Capital’s external manager, Waterfall Asset Management, LLC. Prior to founding our Manager, Mr. Capasse managed the principal finance groups at Greenwich Capital from 1995 until 1997, Nomura Securities from 1997 until 2001, and Macquarie Securities from 2001 until 2004. Mr. Capasse has significant and long standing experience in the securitization market as a founding member of Merrill Lynch’s ABS Group (1983—1994) with a focus on MBS transactions (including the initial Subprime Mortgage and Manufactured Housing ABS) and experience in many other ABS sectors. Mr. Capasse began his career as a fixed income analyst at Dean Witter and Bank of Boston. Mr. Capasse received a Bachelor of Arts degree in Economics from Bowdoin College in 1979. Learn more about Thomas at: https://readycapital.com/professionals/thomas-capasse/ Follow Thomas on LinkedIn: linkedin.com/in/tom-capasse-6470782

Behind the Markets Podcast: Art Berman Mar 08, 2024

Show from 03/08/24 Host Jeremy Schwartz and Professor Siegel begin by discussing this week's exciting market moves. The Prof says this week’s employment report is very good, revising the shocking report from January. He continues by diving into the Nvidia stock and his 10 year prediction confirmation. (11:17) Art joins Jeremy to discuss everything oil and energy. He begins by talking about energy blindness and energies overall underrepresentation in economic importance. Jeremy asks about natural gas, its excess production and Europe's involvement. The two discuss the Bakken break-even, if technology will increase production and drilling wells too close together. Art also talks about renewables and policies we are exploring that might not be the best. Guest: Art Berman is an energy consultant with 40 years in petroleum geology and a degree in Middle Eastern history. His comparative inventory approach is a guiding light for traders, investors, and policymakers. Art is an adjunct lecturer at the University of Houston, an expert witness, and a keynote speaker. His clientele spans from ambitious investors to globe-spanning corporations. Learn more about Art at: https://www.artberman.com Follow Art on X(Twitter): @aeberman12

Behind the Markets Podcast: Jared Dillian Mar 01, 2024

Show from 03/01/24 Host Jeremy Schwartz and Professor Siegel begin with an old saying “make the trend your friend”. The Prof gives us a detailed look at this week's market data. He continues talking about the interview he listened to of Austan Goolsbee. (11:41) Jeremy is joined by Jared as they discuss his book and current opinions on today's market. Jared goes into detail about his book on personal financing and why he decided to write about a stress free balanced approach rather than extreme suggestions. Jared emphasizes the fun of making more money instead of cutting expenses. He covers many topics from the housing market to car purchases and how it affects personal finances. Jared also covers student loans, saving and investing, holding onto gold and why bitcoin doesn’t work with his model. Guest: Jared Dillian is a writer, author, DJ, and speaker. His newsletters include The Daily Dirtnap, a daily market newsletter for investment professionals, and We’re Gonna Get Those Bastards, which is about everything that is depraved, especially finance, culture, music and sex. His books include Street Freak, All the Evil of This World, Those Bastards, and No Worries. Learn more about Jared at: https://www.jareddillian.com/ Follow Jared on X(Twitter): @dailydirtnap

Behind the Markets Podcast: Charles-Henry Monchau Feb 22, 2024

Show from 02/23/24 Host Jeremy Schwartz and Professor Siegel jump right in to talk about the blow out week for tech. The Prof touches base on the job markets decrease and the mention of rate cuts by the Fed. Nvidia brought the entire tech stock back up this week with their demand for semiconductors. The Prof does not think that this is a bubble and that the evaluation of Nvidia is correct. (9:35) Jeremy is joined this week by Charles, CIO of Syz Group. The two continue by discussing the rise in tech in comparison to past tech bubbles. Jeremy asks Charles about the ESG mentality and if it needs to change. Charles gives his opinion on the Russia/Ukraine situation and how it may play out over the next few years. Jeremy dives into the sentiment of investing in Chinese stocks. Charles also discusses the state of currency around the world and bitcoin. Guest: Charles-Henry Monchau joined Bank Syz from FlowBank, where he was Chief Investment Officer and Chief Commercial Officer. Prior to this, he had been CIO of Al Mal Capital (Dubai Investments), Head of the Asset Allocation Team for the EMEA region at Deutsche Bank and held various C-level positions in Geneva, Zurich, Dubai, Nassau and Paris. Charles-Henry has an Executive MBA from IE Business School and an MSc in Finance from HEC Geneva. He is also a CFA, CMT, CAIA and CIIA charter-holder. Learn more about Charles at: https://www.syzgroup.com/en/news/bank-syz-appoints-chief-investment-officer Follow Charles on LinkedIn: linkedin.com/in/charles-henry-monchau-cfa-cmt-caia-4003096

Behind the Markets Podcast: Chris Whalen Feb 15, 2024

Show from 02/16/24 Host Jeremy Schwartz and Professor Siegel begin this week's episode discussing the big data on inflation. The Prof gets into detail on the reports, giving us an indepth look at the current market. The two also talk about the explosive moves in Small-Caps. (7:47) Jeremy is joined by Chris to talk about banks and the current situation in America. Chris talks about whether he would prefer to be net long or net short. The two discuss their opinions on big banking crisis issues from the past. Chris talks about the politics behind solving the banking problems and its troubled history. Jeremy brings up where Chris would rate banks in America and what issues they currently have today. Chris also deep dives into mortgages, the current home market, as well as the index he’s created and the services he provides. Guest: Richard Christopher Whalen is an investment banker and writer who lives in New York. He is Chairman of Whalen Global Advisors LLC and focuses on the banking, mortgage finance and fintech sectors. Christopher is the author of several books, is contributing editor at National Mortgage News, and edits The Institutional Risk Analyst. He appears in a variety of other publications and media. Chris is a member of the Economic Advisory Committee of FINRA and is a Senior Advisor at J.V.B. Financial Group in New York. Learn more about Chris at: https://www.rcwhalen.com/ Follow Chris on X(Twitter): @rcwhalen

Behind the Markets Podcast: Daniel Peris Feb 09, 2024

Show from 02/09/24 Host Jeremy Schwartz and Professor Siegel start off by talking about the light market week. The Prof notes that next week will be much bigger following the release of many important reports. He is confident that if the Fed continues to see the data slowing, they will lower rates. The Prof goes into detail on the tech market, the excitement around AI and how it has been trending recently. (9:59) Daniel joins the conversation with Jeremy to discuss dividends in this AI driven world. Jeremy asks Daniel about historical dividend by-backs and pivotal moments that caused people to turn away from them. Daniel talks about growth versus dividends. He explains how harvested capital gains are not the same as dividends. Jeremy asks Daniel about what types of yields he prefers to see in the markets. Daniel mentions geopolitics, his opinion on investing worldwide and his disapproval for government intervention in by-backs. Guest: Daniel Peris, Ph.D., CFA oversees dividend-focused portfolios for a major US asset manager. Before transitioning into asset management, Peris was a historian focused on modern Russian history. Learn more about Daniel at: https://strategicdividendinvestor.com/about-the-author/ Follow Daniel on X(Twitter): @HistoryInvestor

Behind the Markets Podcast: Jeff & Neil Feb 02, 2024

Show from 02/02/24 Host Jeremy Schwartz and Professor Siegel begin this week's discussion with a look at the latest jobs report. The Prof says the plunge in hours reported is only ever seen in recession times and stresses the importance of further research. The Prof says there is increased concern about the banks again but it appears to be an isolated incident. (10:16) Jeremy continues his conversation with Neil to talk about the Professor's comments on the current economy. Neil states that the severe weather is the cause for low hours this week and there should be an increase moving forward. Jeremey asks Neil what could be causing mass dissatisfaction for the economy among US citizens. Jeff joins the discussion to discuss the bond market and global economics. Neil comments on what the 5 to 7 year trend on productivity might be. The group gives their opinion on Small-Caps, commercial real-estate and bank lending, as well as bio tech and international markets. Guests: Jeff has been one of Wall Street’s most influential macro-analysts over the last quarter-century. His process assisted clients in navigating both the up and downside as well as the inherent risks associated with this business. As a member of Institutional Investor’s Hall of Fame, Jeff has helped legitimize technical analysis by employing a disciplined process reliant on data, history, and statistics, while discounting the narrative-based approach that remains so popular on Wall Street. His dedication to the business, unquenchable passion for markets and history creates a foundation that offers the flexibility to profit and protect. Jeff is known for his pragmatism and willingness to express both bullish and bearish views. As Head of Economic Research, Neil Dutta, As Head of Economic Research, leads our macroeconomic research efforts, with an emphasis on analyzing the US economy, Federal Reserve, global trends, and cross-market investment themes. Prior to RenMac, Neil spent seven years at Bank of America-Merrill Lynch. There, he was a Senior Economist covering both the United States and Canada.Neil appears frequently in the financial press, representing the firm on Bloomberg, CNBC, and Fox Business. He has been quoted by the Wall Street Journal, Financial Times, Associated Press, and has been featured in the New York Times for his out of consensus economic views on a host of topics including employment, consumption, inflation and housing. Learn more about Jeff at: https://www.renmac.com/jeff-degraaf/ Learn more about Neil at: https://www.renmac.com/neil-dutta/ Follow Jeff on LinkedIn: linkedin.com/in/jeffrey-degraaf-cmt-cfa Follow Neil on LinkedIn: linkedin.com/in/dutta-neil

Behind the Markets Podcast: Juan Salerno Jan 26, 2024

Show from 01/26/24 Host Jeremy Schwartz and Professor Siegelbegin this week with the Prof describing the market as Goldilocks. Inventory build up may weigh on the first quarter says the Prof. The Fed will not be raising rates next week, but will also not be decreasing them. He also gives us his view on the political race, how it could affect the market and insights into what's going on in Argentina. (10:26) Juan Salerno joins Jeremy to discuss what truly is happening in Argentina right now with new leadership. Juan explains that the country will go into a recession due to policy reforms, but will come out hopefully stronger. Jeremy asks Juan about the strength of the economy and what they are focused on during the new regime. Jeremy shifts the conversation to energy and Argentina's future ventures in that sector. Juan talks about his position at Compass, what their client base is like, what they prefer to invest in and much more. Guests: Juan is a Partner of Compass, Chief Investment Officer and Director of Compass Argentina. He is the Portfolio Manager of fixed income funds domiciled in Argentina. Previously he was a Senior Equity and Fixed Income Analyst. Prior to joining the firm, he was Portfolio Manager at Grupo Galicia Seguros. He has also been involved in analyzing, pricing, and trading private debt and structured securities. Juan is a certified Public Accountant with a Bachelor of Science in Business Administration from Universidad Católica de La Plata and an MSF from Universidad Torcuato Di Tella. Learn more about Luan at: https://cgcompass.com/en/team/ Follow Luan on LinkedIn: http://linkedin.com/in/juan-miguel-salerno-8555705

Behind the Markets Podcast: Liqian & Jeff Jan 19, 2024

Show from 01/19/24 Host Jeremy Schwartz and Professor Siegel begin this week's episode discussing how the market is hitting an all time high. They comment on the current labor market and upcoming layoffs. Jeff asks the professor about the current state of the Chinese Market. (06:03) Liqian and Jeff join to discuss in depth what is happening geopolitically across the world. Liqian covers the Taiwan election and how that will affect the world markets. Jeff asks her about the potential for stimulation in China and if it is necessary. Weniger joins in to comment on China’s current market state and how Taiwan's election and stress with North and South Korea could be affecting it. The group discusses TikTok, EV manufacturing, the Chinese infrastructure market and much more. Guests: Liqian Ren, Ph.D., joined WisdomTree as Director of Modern Alpha in 2018. She leads WisdomTree’s quantitative investment capabilities and serves as a thought leader for WisdomTree’s Modern Alpha® approach. Liqian was previously at Vanguard, where she worked for 12 years, most recently as a portfolio manager in the Quantitative Equity Group managing Vanguard’s active funds and conducting research on factor strategies. Prior to joining Vanguard, she was an associate economist at the Federal Reserve Bank of Chicago. Liqian received her bachelor’s degree in Computer Science from Peking University in Beijing, her master’s in Economics from Indiana University—Purdue University Indianapolis, and her MBA and Ph.D. in Economics from the University of Chicago Booth School of Business. Liqian co-hosts a podcast on China and Asian markets with Jeremy Schwartz, WisdomTree’s Global Head of Research, and she is a co-host on the Wharton Business Radio program Behind the Markets on SiriusXM 132. Jeff Weniger, CFA serves as Head of Equity Strategy at WisdomTree. In his role, Weniger helps to formulate the firm’s stock market outlook by assessing macro and fundamental trends. Prior to joining WisdomTree, he was Director, Senior Strategist at BMO, where he worked in the office of the CIO from 2006 to 2017. He served on the firm’s Asset Allocation Committee and co-managed the firm’s ETF model portfolios for both the U.S. and Canada. In 2013, at the age of 32, Jeff was chosen as the youngest member of BMO’s Global Investment Forum, which collected the firm’s top global strategists to formulate the firm’s official long-term outlook for investment trends and markets. Jeff has a B.S. in Finance from the University of Florida and an MBA from Notre Dame. He has been a CFA charterholder and a member of the CFA Society of Chicago since 2006. He has appeared in various financial publications such as Barron’s and the Wall Street Journal and makes regular appearances on Canada’s Business News Network (BNN) and Wharton Business Radio. Learn more about Liqian at: https://www.wisdomtree.com/investments/liqian-ren Learn more about Jeff at: https://www.wisdomtree.com/investments/jeff-weniger Follow Liqian on Twitter: @liqian_ren Follow Jeff on Twitter: @JeffWeniger

Behind the Markets Podcast: Eric Golden Jan 12, 2024

Show from 01/12/24 Host Jeremy Schwartz begins by asking Professor Siegel about all the new data that has come out this past week. The Prof gives us a breakdown of all this new data stating that the economy keeps moving along positively. Jeremy asks the Prof about the Red Sea attacks and how the Fed should be thinking about raising rates during this time. (13:29 Eric joins Jeremy to talk about the current state of crypto and its overall asset class. He talks about the most recent fee war that occurred and why some brokers are still preventing trades. The two discuss the fear behind the criminal use of bitcoin compared to cash. Eric gives us his thoughts on zero fee ETFs, treating ETFs as if they are companies and whether there will be a large amount of crypto currencies as time goes on. Jeremy asks Eric how advisors should size crypto in their portfolios. Eric comments on Ethereum and the market's anticipation of its growth. Eric dives into Canopy and what the future holds for his company. Guest: Eric Golden is the founder and CEO of Canopy, a digital assets management platform for RIAs and Family Offices. Before pursuing digital assets full-time, Eric was the Managing Director and Portfolio Manager of Personal Bond Management (PBM) at Fidelity Investments. In this role, Eric created a new business to manage individual bond portfolios at scale. He founded the business in 2015 and launched it to the public in 2017. By March 2021, PBM grew to $18B in assets, across 23,000 clients and executed 2,000 trades per day with a team of only five people. Learn more about Eric at: https://us.money2020.com/agenda/speakers/eric-golden-s103-78716 Follow Eric on Twitter: @ericgoldenx

Behind the Markets Podcast: Kevin & Chris Jan 05, 2024

Show from 1/5/24 Hosts Jeremy Schwartz and Professor Siegel start the year off by reviewing the holiday market. The Prof explains productivity growth as the difference between inflation and wage increases. He notes that next week's reports will give a better look into how inflation is doing currently, but everything looks positive. Kevin joins as co-host to ask the Prof about the current job market.The Prof finishes by giving us his prediction for the 10 year. (14:59) Chris joins Jeremy and Kevin to talk about the interesting opportunities in the private credit space. Chris explains how credit is becoming its own distinct asset class. Jeremy asks Chris to break down for the average investor where the yields would be on the index. Kevin and Jeremy bring up commercial real estate, mortgage rates and whether people should be concerned. Kevin gives us insight into how the portfolio reflects the risks of credit and the current market. Guest: Kevin Flanagan serves as Head of Fixed Income Strategy as part of WisdomTree’s Investment Strategy group. In this role, he contributes to the asset allocation team, writes fixed income-related content and travels with the sales team, conducting client-facing meetings and providing expertise on WisdomTree’s existing and future bond ETFs. In addition, Kevin works closely with the fixed income team. Chris Acito founded Gapstow in 2009 and is responsible for managing all client engagements. Prior to Gapstow, Chris was the Global Chief Operating Officer for Investcorp’s Hedge Fund Group, which allocated $8.5 billion in client and proprietary capital. Prior to Investcorp, Chris enjoyed a ten-year career as a management consultant, beginning with Booz Allen & Hamilton's Banking & Capital Markets practice. In 1998 he joined John Casey, Kevin Quirk, and others to build a business strategy consulting firm which focused exclusively on the global investment management industry. Chris began his career as an economist. He served on the President's Council of Economic Advisers in both the GHW Bush and Clinton administrations, where his areas of expertise were financial markets and macroeconomic policy. He was also the Managing Director of the Center for Population Economics, a Chicago-based group dedicated to researching issues in health economics under the direction of Nobel Prize winner Robert W. Fogel. Chris holds a BA in Economics from Duke University and an MA in Economics from the University of Chicago. He is Board Chair Emeritus Trustee of The Peddie School in Hightstown, New Jersey. Chris serves on the investment committees of Peddie and The New York Community Trust. Learn more about Kevin: https://www.wisdomtree.com/investments/kevin-flanagan Learn more about Chris: https://www.gapstow.com/#team Follow Kevin on Twitter: @KevinFlanaganWT Follow Chris on LinkedIn: linkedin.com/in/chris-acito-44414a9

Behind the Markets Podcast: Jim Bianco Dec 22, 2023

Show from 12/22/23 Hosts Jeremy Schwartz and Professor Siegel end the year with a discussion on the Professor's prediction on what markets will do in the new year. The Prof gives his opinion on two strong topics about the Fed. He doesn’t believe there will be any slowing of the market however if it does the Fed is ready. Jim joins in to talk with the Prof about money supply. (15:23) Jeremy continues with Jim as they discuss Bianco Research, the new index his company has created and his outlook for 2024. Jim talks about the TIPS yield and how they’ve changed in the past few years. Jeremy asks Jim about his thesis on inflation being sticky. Jim breaks down how covid affected the Chinese economy. Jim gives his view on bond volatility and what’s depressing equity. Jim gives his thoughts on credits and where he feels the market will head going into the new year. Guest: Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim’s commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades-long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 years at Bianco Research, Jim’s wide ranging commentaries have addressed monetary policy, the intersection of markets and politics, the role of government in the economy, fund flows and positioning in financial markets. Learn more about Jim: https://www.biancoresearch.com/about-us/ Follow Jim on Twitter: @biancoresearch

Behind the Markets Podcast: Eric Biegeleisen Dec 14, 2023

Show from 12/15/23 Hosts Jeremy Schwartz and Professor Siegel talk about the Fed this week. The Prof is surprised by how flexible the Fed has been. He states that this flexibility has shown promise for the markets future of a soft landing due to the previous rate hikes. The Prof gives his opinion on bond duration rates. If there is a recession, he says that bond rates will go down. (10:44) Eric joins Jeremy, beginning with his agreement to what the Prof has stated. Eric talks about what 3EDGE models their assets on and how they determine risk in their client portfolios. The two converse on how high US margins are compared to history and the rest of the world. Eric discusses how 3EDGE researches and builds formulas to predict future growth in the market. He talks about standout areas highlighted by the company's models and where they keep eyes on for future growth. They talk about gold and its importance in the market. The two cover a wide range of market assets and what 3EDGE views as important areas to track and who would benefit from their services. Guest: Eric Biegeleisen serves as Partner, Deputy Chief Investment Officer & Investment Committee Member at 3EDGE Asset Management. Eric is responsible for the research operations at 3EDGE. His research focuses on discovering and exploring the interconnectedness of global capital markets through quantitative and qualitative analyses. Learn more about Eric: https://3edgeam.com/team/ Follow Eric on Twitter: @EBiegs_3EDGE

Behind the Markets Podcast: Uma Moriarty Dec 08, 2023

Show from 12/08/23 Hosts Jeremy Schwartz and Professor Siegel begin today's show by covering all the data coming in from the last two weeks. The Prof states that the data is relatively weak, but not recession weak. There is no inflationary pressure that indicates further inflation. (9:21) Jeremy is then joined by Uma to discuss her view on the interest rate impact on the real estate market. She talks about the modern economy and how it relates to real estate and CenterSquare. Chris and Jeremy ask Uma about rental rates on data centers spaces, REITS and e-commerce logistic cycles. Uma talks about how CenterSquare structures technology in its warehouses. They also cover metrics related to the REIT and private real estate investing asset class. Guest: Uma Moriarity is the Senior Investment Strategist and Global ESG Lead for CenterSquare Investment Management. She focuses on investment strategy and leads thought leadership across the Firm’s public and private real estate platforms. She is part of the listed real estate investment team and serves on CenterSquare’s Private Real Estate Debt Investment Committee. Prior to joining CenterSquare, she spent three years in corporate strategy and planning at ExxonMobil in Houston. Learn more about Uma: https://www.centersquare.com/team-members/uma-moriarity/ Follow Uma on Twitter: @uma_moriarty Chris Gannatti is Head of Research at WisdomTree Europe Follow him on Twitter: @CGannatti

Behind the Markets Podcast: Liza Tobin Dec 01, 2023

Show from 12/01/23 Hosts Jeremy Schwartz and Professor Siegel are back from the holidays this week to summarize how great November was. Professor Siegel gets into detail about Fed fund action, not only currently but an estimate into the future as well. (6:42) Liza joins Jeremy to discuss what is going on between the US and China. She covers topics of discussion between both governments and its effects on future markets. Liza talks about SCSP and what they do. The two discuss tech, social media and the risks against US interests. Liza explains the issue of moving infrastructure back to America and what needs to happen to succeed. Guest: Liza Tobin is the senior director of research and analysis for economy at the Special Competitive Studies Project. Before joining SCSP, she served on the National Security Council staff as China director, where she led the development of multiple US strategies and policies related to China, including on trade and economics, climate and the environment, military issues, and China’s influence beyond the Indo-Pacific. Before serving at the National Security Council, Ms. Tobin worked for more than a decade in various capacities as a China specialist for the US government, including as a senior adviser at the US Indo-Pacific Command and an economic analyst at the CIA, and in various roles in the private sector and academia. Learn more about Liza: https://itif.org/person/liza-tobin/ Follow Liza on Twitter: @Liza_D_Tobin

Behind the Markets Podcast: Brian Drubetsky Nov 17, 2023

Show from 11/17/23 Hosts Jeremy Schwartz and Professor Siegel discuss their views on the Fed and inflation this week. CPI and PPI came in below expectation. The Prof states the economy is not falling apart but it should be watched closely. He believes the Fed should avoid raising interest rates at this time. Brian joins in to state he agrees with the Prof and to ask him about GDP and if productivity will help grow the trend. (9:32) Jeremy continues his conversation with Brian as they begin by discussing small cap value opportunities and what he does at Schafer-Cullen Capital. Brian gets into detail on why small caps generally outperform over the long term which benefits their portfolios. Jeremy asks Brian about small cap risks and where flows are headed. Brian talks about the outlook of real estate, the housing market and the love of consumer spending. Brian finishes by talking about utilities, his founder's book and an overview on the future of Schafer-Cullen. Guest: Brian Drubetsky joined the Firm in 2013 and currently serves as the Firm's Co-Portfolio Manager on the Small Cap Value Equity strategy and is a member of the Investment Team. Previously, he was a Research Analyst at Manatuck Hill Partners and a Research Consultant at Spencer Capital, both long-short equity hedge funds. He also held Associate positions at Neuberger Berman and KPMG. Brian received his M.B.A. from Columbia Business School in 2009 where he participated in the Value Investing Program and graduated magna cum laude from George Washington University in 2002 with a B.B.A. Learn more about Brian: https://www.cullenfunds.com/Brian-Drubetsky/ Follow Brian on LinkedIn: linkedin.com/in/brian-drubetsky-494a692

Behind the Markets Podcast: Richard Bernstein Nov 10, 2023

Show from 11/10/23 Hosts Jeremy Schwartz and Professor Siegel begin this week by discussing the Profs views on current market activity. He mentions some noteworthy changes in the job market, a jump in inflationary expectations, and which reports to watch for next week. He says it is way too early to predict what will happen in December. (5:59) Richard Bernstein joins the Professor and Jeremy at The Union League in Philadelphia to discuss many facets of the market today. Key topics from the interview include the equity risk premium, stocks versus bonds, small caps, what sectors RBA likes, and bond portfolios. Richard talks about where his firm stands and how they construct their portfolios. Richard states globalization is contracting and that the United States future lies in becoming independent again. They also discuss AI and long term interest set by the government. Guest: Richard Bernstein is the Chief Executive Officer and Chief Investment Officer of Richard Bernstein Advisors LLC. As CIO, Mr. Bernstein is a member of the firm's Investment Committee which manages multi-asset, global equity, and fixed income ETF strategies for financial advisors and institutions. Learn more about Richard: https://www.rbadvisors.com/our-people/ Follow Richard on LinkedIn: linkedin.com/in/richardbernstein

Behind the Markets Podcast: Paul & Tim Nov 03, 2023

Show from 11/03/23 Hosts Jeremy Schwartz and Professor Siegel begin this week with a current market overview. Professor Siegel states that the market didn’t fare too well for lower rates. He goes over the current labor market report which has dropped. He discusses Powell and the market increases and decreases. The Professor confirms he still believes there is no fear of a recession. Productivity rebound could reverse the current market state. (10:01) Paul and Tim join Jeremy today to discuss the banks. Paul talks about TARP 2.0 and his view on troubled asset release programs. Tim joins the discussion adding his view on the current banking industry and where Fed funds are going. They talk about Fed loan programs, extensions and Fed insensitivity to the banking system. Tim covers risks related to interest rates and the differences between today and the past. Paul talks about what he does at Bridge Tree Partners and his day to day goals. Tim and Paul discuss their views on small and large banks. Guests: Paul Graham is a programmer, writer, and investor. In 1995, he and Robert Morris started Viaweb, the first software as a service company. Viaweb was acquired by Yahoo in 1998, where it became Yahoo Store. In 2001 he started publishing essays on paulgraham.com, which now gets around 25 million page views per year. In 2005 he and Jessica Livingston, Robert Morris, and Trevor Blackwell started Y Combinator, the first of a new type of startup incubator. Since 2005 Y Combinator has funded over 3000 startups, including Airbnb, Dropbox, Stripe, and Reddit. In 2019 he published a new Lisp dialect written in itself called Bel. Tim Coffey was a Vice President and Research Analyst at FIG Partners LLC, a premier investment banking and research firm specializing in community banks. Before joining FIG Partners, Tim was a Research Analyst at Green Street Capital Management. Prior to that, he covered the banking industry for several business publications in San Diego, California. Tim has more than 20 years of financial services experience. Tim received a B.A. degree in Economics from San Diego State University and both an M.B.A. degree and an M.S. degree in Financial Analysis from the University of San Francisco. Learn more about Paul: http://www.paulgraham.com/bio.html Learn more about Tim: https://www.janney.com/meet-janney/people/timothy-coffey Follow Paul on Twitter: @paulg Follow Tim on LinkedIn: linkedin.com/in/timothy-n-coffey-a4857b7

Behind the Markets Podcast - Michael Green Oct 27, 2023

Show from 10/27/23 Hosts Jeremy Schwartz and Professor Siegel start this week's discussion with mixed reactions. The market data is still strong this week according to the Professor. He mentions that the money supply is showing weakness and could be of concern for robust economic growth. He notes that agreements with car manufacturing companies will help keep plants running. He talks about the new speaker elected by the government and how that will affect the market. Michael joins the professor, discussing wage increases and inflation. (16:00) Jeremy continues on with Michael to discuss his career and his current role at Simplify. Michael goes into detail on what Simplify does and the irony of their company name. They discuss EFTs, betting on high rates, and the real estate market. Michael talks about the complexity of bonds changing allocations. He discusses his opinion on option market day trading and the futures market. Jeremy asks Michael about macro strategies and how he positions portfolios at Simplify. He also talks about the high yield market, credit default swaps, and the index. Guest: Michael Green joined Simplify in April 2021 after serving as Chief Strategist and Portfolio Manager for Logica Capital Advisers, LLC. Prior to Logica, Michael managed macro strategies at Thiel Macro, LLC. Michael founded Ice Farm Capital, a discretionary global macro hedge fund seeded by Soros Fund Management. From 2006-2014, Michael founded and managed the New York office of Canyon Capital Advisors, a $23B multi-strategy hedge fund based in Los Angeles, CA, where he established their global macro strategies, managing in excess of $5B of exposure across equity, credit, FX, commodity and derivative markets. Michael has been noted for his work as a public speaker and financial media participant. He is a graduate of the Wharton School at the University of Pennsylvania and a CFA holder. Learn more about Michael: https://www.simplify.us/leadership#!michael-green-cfa Follow Michael on LinkedIn: linkedin.com/in/michael-green-9a15142

Behind the Markets Podcast: Jack Farley & Dave Goodson Oct 20, 2023

Show from 10/20/23 Hosts Jeremy Schwartz and Professor Siegel begin by summarizing current rate reports that are being released. Professor Siegel doesn't think The Fed will raise rates on November 1st. Mid December will bring new unemployment rate reports to watch for. He states there may be some caution going into the fourth quarter but nothing serious yet due to interest rates. The market is under pressure but he thinks the stronger economy will bring in stronger earnings. Jack asks the Professor about bonds and at what point are the rates attractive as a long term investment. (11:00) Dave Goodson joins Jeremy Schwarts and Jack Farley as they discuss the Professor's thoughts. Dave goes in depth on his current view of the market. Jeremy asks about option adjusted spreads and if the government dysfunction contributes to lack of confidence. The group discusses real estate markets and the credit risks associated with it. Dave talks about the riskiest sections of the market right now and where he thinks the best return would be. They cover the current state of banking and the opportunities that came from the latest banking crisis. Guest: Jack Farley covers traditional finance markets as the host of "Forward Guidance". Jack previously worked at Bloomberg, Dealbreaker, and Real Vision, where he hosted over 100 long-form interviews with investors, analysts, and financial professionals. Jack graduated from Brown University with a degree in economics, and lives in NYC. Dave Goodson is a managing director, head of securitized fixed income and a senior portfolio manager for non-agency and agency mortgage-backed securities, commercial mortgage-backed securities and asset-backed securities strategies at Voya Investment Management. Prior to joining Voya, he was a principal at an independent investment bank focused on asset-backed commercial paper transactions. Previously, Dave began his career as a vice president in Wachovia Securities’ asset-backed finance group, marketing and executing securitizations for the bank’s corporate clients. He earned a BS in management from the Georgia Institute of Technology. Learn more about Jack: https://blockworks.co/speaker/jack-farley Learn more about Dave: https://institutional.voya.com/investment-capabilities/single-sector/securitized-credit Follow Jack on LinkedIn: linkedin.com/in/jack-farley-40b394112 Follow Dave on LinkedIn: linkedin.com/in/david-goodson-7146245

Behind the Markets Podcast: Samuel Rines Oct 14, 2023

Show from 10/13/23 Hosts Jeremy Schwartz and Professor Siegel discuss the economic uncertainties, such as rising inflation, geopolitical risks, and potential government shutdowns. Professor Siegel believes that while there are warning signs, the data does not indicate an imminent recession, attributing low unemployment claims and expected seasonal economic boosts as positive signs. He also argues that inflation is better than official numbers suggest, citing alternative metrics considering lagging factors like housing costs in the CPI calculation. (12:22) Samuel Rimes agrees with Professor Siegel that the Fed is unlikely to change rates soon due to volatile data points affecting monetary policy. On the topic of energy and inflation, Rimes highlights how the global energy landscape has evolved significantly, allowing for quick shifts in supply chains, and notes that U.S. oil production has been surprisingly robust due to technological advances, which is keeping oil prices lower than one might expect given current geopolitical tensions. They discuss how temporary external pressures like deficits and liquidity should be watched. Regarding margins and investment strategies, Samuel points out that cost benefits arise from improved supply chains and moderated costs in commodities and labor. Guest: Samuel Rines is the Managing Director of CORBU, a research intelligence and advisory platform at the intersection of markets, policy, and national security. Based in CORBU’s Houston, Texas office, Samuel is a global macro expert focused on the investment implications of politics and policy. His PolyMacro research and model portfolios are widely followed. Follow him on LinkedIn: https://www.linkedin.com/in/samuelerines Follow him on Twitter: @SamuelRines

Behind the Markets Podcast: Daniel & Anton Oct 06, 2023

Show from 10/06/23 Prof. Siegel joins Jeremy Schwartz with his weekly review of the current market. They cover the most recent jobs report and the strength it’s suggesting. Prof. Siegel thinks that the only real hurt will be felt in the housing market. He doesn’t believe there will be a rate hike in November. They also talk about this weeks big drop in oil. He states that real GDP growth looks stronger going into 2024. (9:22) Daniel and Anton join Jeremy with Daniel starting off by talking about the increase in rates and the strength in the market. They discuss the impact AI technology will have on the increased productivity rates over the next 10 years. Jeremy asks them both how new technology will impact the inequality gap. They discuss roadblocks being experienced in increasing AI technology production. They talk about robotics and advancements in similar areas as AI grows. Jeremy brings up the topic of disruptive technology and how advancements can in fact hurt workers. They finish by talking about the government policies surrounding these tech enterprises. Guests: Professor Daniel Rock is an Assistant Professor of Operations, Information, and Decisions at the Wharton School of the University of Pennsylvania. His research is on the economic effects of digital technologies, with a particular emphasis on the economics of artificial intelligence. He has recently worked on studies addressing the types of occupations that are most exposed to machine learning, measuring the value of AI skill sets to employer firms, and adjusting productivity measurement to include investments in intangible assets. His research has been published in various academic journals and featured in outlets such as The New York Times, Wall Street Journal, Bloomberg, Harvard Business Review, and Sloan Management Review. Much of his work involves applying cutting-edge data science techniques to analyze datasets from financial market data sources, online resume sites, and job postings. Anton Korinek is a Professor at the University of Virginia, Department of Economics and Darden School of Business as well as a Nonresident Fellow at the Brookings Institution, a Research Associate at the NBER, a Research Fellow at the CEPR and the Economics of AI Lead at the Centre for the Governance of AI. He received his PhD from Columbia University in 2007 after several years of work experience in the IT and financial sectors. He has also worked at Johns Hopkins and at the University of Maryland and has been a visiting scholar at Harvard University, the World Bank, the IMF, the BIS and numerous central banks. Learn more at: https://oid.wharton.upenn.edu/profile/rockdi/# https://www.korinek.com/ Follow Daniel on Twitter: @danielrock Follow Anton on Twitter: @akorinek

Behind the Markets: Howe Ng Sep 29, 2023

Show from 9/29/23 Prof. Siegel joins Jeremy Schwartz beginning with some more data this week on the market. He feels the economy is doing very well, especially after the trade report came out. A government slowdown may challenge the strength of the market, but the numbers are strong. He talks about his article on Barron’s. They dive into the future of housing and the job market as well. (10:11) Howe joins Jeremy to talk about the private market index and the group he’s a part of that makes data a bit easier to attain. The index is updated once a week for anyone to view. He discusses the ability to compare the private and public markets using these reports. Howe explains how they chose who to include on their index and why. Howe and Jeremy discuss the private market's current state and how it compares to the public market. He explains how transactions are made through Forge as well as who the buyers typically are using the platform. Howe talks about vision for what this index can do in the future. Guest: Howe Ng leads data and analytics at Forge overseeing the research & development of market insights, investment research and product analytics. Howe has more than 18 years of buy-side institutional asset management experience. He previously held roles in systematic active equity portfolio management and ETF product strategy at BlackRock and additional leadership roles at Nipun Capital and Barclays Global Investors. Learn more at: https://forgeglobal.com/ Follow Howe on LinkedIn: linkedin.com/in/howeng

Behind the Markets Podcast: Future Proof Festival Sep 22, 2023

Show from 9/22/23 Jeremy Schwartz asks Prof. Siegel his views on the current weekly market activity and his reaction to The Fed. (8:05) Jeremy joins Matt and JC live from the Future Proof Festival to talk about Halo Investing and the markets. JC starts off by explaining how they approach the market and read trends. He talks about the latest presidential climate and how it could affect the market into the future. JC continues with his view on current market dynamics. Matt joins in by highlighting what his clients are experiencing during this market activity at Halo Investing. JC continues with his opinion about the dollar's impact on trends, regional banks and common mistakes investors make. Matt talks more about Halo, its platform and its structured notes. He discusses perception of notes and how he handles the key challenges. Matt continues to discuss the education of notes and how they can help clients make better investments. Jeremy announces the collaboration between Halo and Wisdom Tree. Matt and Jeremy talk about the collaboration, its uses and the excitement they both have for this new project together. Guests: JC Parets is the founder of Allstarcharts.com and is one of the most widely followed Technical Analysts in the world. In 2008, JC earned his Chartered Market Technician designation (CMT). His work has been featured regularly on Bloomberg, CNBC, Fox Business, ABC, CNN, Wall Street Journal and many other financial media outlets around the world. JC specializes in finding the most opportunistic risk vs reward propositions while at the same time bringing a top/down approach to the marketplace whose wide spectrum is rivaled by few. In 2017, JC Launched Technical Analysis Radio, a podcast dedicated to Technical Analysis and the Technicians who practice it. Matt Radgowski has extensive work experience in the financial industry. Matt currently serves as the Chief Operations Officer at Halo Investing, a position they have held since 2022. Prior to this, they worked at Morningstar, where they held various roles including Head of Advisor Solutions from 2020 to 2022 and Chief Operating Officer, Investment Management from 2013 to 2020. Before joining Morningstar, they served as the Managing Director at Horizon Investments from 2012 to 2013. Matt also held the positions of Managing Director at Wilshire Associates from 2006 to 2012, Vice President at Ibbotson Associates from 1999 to 2006, and Regional Vice President at Aegon from 1996 to 1999. Matt attended the University of Illinois Urbana-Champaign from 1992 to 1996, where they earned a Bachelor's Degree in Accounting. Learn more at: https://haloinvesting.com/ https://allstarcharts.com/about/jc-parets/ Follow Matt on LinkedIn: linkedin.com/in/matt-radgowski-8852b2b7 Follow JC on Twitter: @allstarcharts

Behind the Markets Podcast: Robert Novy-Marx Sep 15, 2023

Show from 9/15/23 Prof. Siegel joins Jeremy Schwartz with a breakdown of a very big week for the market. He does note an increase in inflation but it shouldn’t result in an increase for next week. He also discusses the large rise in oil, noting long lines at gas stations and the impact the rise will have. He previews the upcoming week with a prediction that it will be hawkish. He finishes with a quick comment about the Arm IPO. (12:03) Professor Robert Novy-Marx starts off by talking about his educational past and how he got into his finance career today. He gives us his thoughts on value research and why he has confidence in it as a factor. He also details that the underperformance of value stocks is due to sector tilts. Jeremy asks Robert about his thoughts about the research on intangible assets and tech investments that are not capitalized. He goes into detail on the difference between gross profits versus net income. They discuss how Robert will be presenting at the Wharton School’s Jacobs Levy Equity Management Center for Quantitative Financial Research at its 2023 Frontiers in Quantitative Finance Conference next friday. He talks about the paper he will be presenting called Reversals and the Return to Liquidity Provisions. Guest: Professor Robert Novy-Marx earned the Fama/DFA Prize for the best capital markets/asset pricing paper in the Journal of Financial Economics (2012 and 2013), the Smith-Breeden Prize for the best capital markets paper in the Journal of Finance (2011), the Spängler IQAM Prize for the best paper in the Review of Finance (2011), and the Mill's Prize for the best paper in Real Estate Economics. Novy-Marx is also a former professional triathlete, a member of the National Bureau of Economic Research and taught at the Booth School of Business before coming to the Simon School. Learn more at: https://simon.rochester.edu/digital-measures-faculty/robert-novy-marx Follow Robert on LinkedIn: linkedin.com/in/robert-novy-marx-b931a6174

Behind the Markets Podcast: Jeff & Liqian Sep 08, 2023

Show from 9/8/23 Prof. Siegel joins Jeremy Schwartz and their colleagues Jeff and Liqian with his reaction to the softer tones of the market this week. He feels that China’s threat to remove Apple is a bit out of proportion which has affected the market. Although the market is not doing strong, he feels we aren’t anywhere near a recession. He doesn’t think the Fed should increase rates in September, nor does he think they will. He also explains how rising bond correlations affect the market. (12:42) Jeff begins by describing his take on the current job market and great moderation. He talks about what charts he thinks will cause a drop in the future job market and why. Jeremy also asks him to analyze the current housing market and the banks. He ends with his view on the equity markets and his suspicion of a looming recession. Liqian discusses how she feels about China’s move to step away from foreign owned companies and the over exaggeration of the Apple drop. She tells us what she thinks about the US/China relationship and if it will improve in the near future. She talks about her recent travels through China which allows her to give us a view of what is happening on the ground there right now. She also dives into investments moving to China, whether it’s a good idea and its rising popularity. Guests: Jeff Weniger, CFA serves as Head of Equity Strategy at WisdomTree. In his role, Weniger helps to formulate the firm’s stock market outlook by assessing macro and fundamental trends. Prior to joining WisdomTree, he was Director, Senior Strategist at BMO, where he worked in the office of the CIO from 2006 to 2017. He served on the firm’s Asset Allocation Committee and co-managed the firm’s ETF model portfolios for both the U.S. and Canada. In 2013, at the age of 32, Jeff was chosen as the youngest member of BMO’s Global Investment Forum, which collected the firm’s top global strategists to formulate the firm’s official long-term outlook for investment trends and markets. Jeff has a B.S. in Finance from the University of Florida and an MBA from Notre Dame. He has been a CFA charterholder and a member of the CFA Society of Chicago since 2006. He has appeared in various financial publications such as Barron’s and the Wall Street Journal and makes regular appearances on Canada’s Business News Network (BNN) and Wharton Business Radio. Liqian Ren, Ph.D., joined WisdomTree as Director of Modern Alpha in 2018. She leads WisdomTree’s quantitative investment capabilities and serves as a thought leader for WisdomTree’s Modern Alpha® approach. Liqian was previously at Vanguard, where she worked for 12 years, most recently as a portfolio manager in the Quantitative Equity Group managing Vanguard’s active funds and conducting research on factor strategies. Prior to joining Vanguard, she was an associate economist at the Federal Reserve Bank of Chicago. Liqian received her bachelor’s degree in Computer Science from Peking University in Beijing, her master’s in Economics from Indiana University—Purdue University Indianapolis, and her MBA and Ph.D. in Economics from the University of Chicago Booth School of Business. Liqian co-hosts a podcast on China and Asian markets with Jeremy Schwartz, WisdomTree’s Global Head of Research, and she is a co-host on the Wharton Business Radio program Behind the Markets on SiriusXM 132. Learn more at: https://www.wisdomtree.com/investments Follow Jeff on Twitter: @JeffWeniger Follow Liqian on Twitter: @liqian_ren

Behind the Markets Podcast: Jack Farley Sep 01, 2023

Show from 9/1/23 Prof. Siegel joins Jeremy Schwartz this week with his analysis of the new employment report and the fade of fear in the labor market. He also discusses inflation and the housing market fueling his positive outlook on the current total market trend. (08:38) This week's guest, Jack Farley, starts off by asking Prof. Seigel about the downward revisions in non-farm payrolls as well as the historical significance in the 0.3% increase in the unemployment rate. He talks to us about the connection between the current labor supply and the threat of a recession. He dives into the rise in net interest rates and who is affected by the burden of these rate hikes. He gives us his key take-aways from what he’s learned about the current banking system and the commercial re-estate market. Guest: Jack Farley covers traditional finance markets as the host of “Forward Guidance”. Jack previously worked at Bloomberg, Dealbreaker, and Real Vision, where he hosted over 100 long-form interviews with investors, analysts, and financial professionals. Jack graduated from Brown University with a degree in economics, and lives in NYC. Learn more at: https://blockworks.co/speaker/jack-farley Follow him on Twitter: @JackFarley96

Behind the Markets Podcast: Daniel Di Martino Aug 25, 2023

Show from 8/25/23 Prof. Siegel joins Jeremy Schwartz this week to discuss his disappointment in the Powell speech as well as the Nvidia stock drop. They discuss the surprising drop Nvidia had after a large spike in the market. (09:12) Daniel Di Martino begins by telling us what he does at Columbia University, his move to America and more about his personal story. He discusses what he thought about the most recent debate that occurred and his view on the economic policies discussed. Daniel enlightens us on the history of Venezuela's dark economic history. It’s rise and fall from being one of the wealthiest countries to what it is today. He talks about the unlikely hood that the world will move away from the US dollar. He also talks to us about the drug problem at the US border, immigration policy issues and the unnecessary fear behind an increase in people moving to America. Guest: Daniel Di Martino is a third-year PhD candidate in Economics at Columbia University. He graduated with honors from Indiana University in Indianapolis in 2019 with a B.A. in Economics and is pursuing a Ph.D. in Economics at Columbia University in New York City where his research focuses on immigration. Learn more at: https://www.danieldimartino.com/ Follow him on Twitter: @DanielDiMartino

Behind the Markets Podcast: Julia Pollak & Peter Boockvar Aug 17, 2023

Show from 8/18/23 Prof. Siegel and Jeremy Schwartz begin by highlighting the significant surge in 10-year and TIPS (Treasury Inflation-Protected Securities) yields to their highest levels in decades. They discuss the remarkable increase from negative rates a few years ago, along with the equity premium's alignment with historical averages, reflecting overall strength in the economy. With upcoming talks from Powell, no significant changes are anticipated, emphasizing a continued commitment to data dependency. (10:24) Peter and Julia then join the discussion to examine the nuanced economy and the current state of the labor market. The conversation shifts to the impact of rising interest rates on small and medium-sized businesses and the factors contributing to inflation, highlighting cautious spending and the indication that higher inflation may persist. They also delve into the quality of labor statistics, challenges with response rates in surveys, biases in capturing data, and a bullish outlook on energy, underscoring potential reasons for a rise in oil prices. Guest: Peter Boockvar is solely an investment advisor representative of Bleakley Financial Group, LLC, a registered investment adviser and separate entity from LPL Financial. Peter serves as Chief Investment Officer of Bleakley Financial Group. Learn more at: https://www.bleakley.com/about/our-team Follow him on Twitter: @pboockvar Guest: Julia Pollak is Chief Economist at ZipRecruiter. She leads ZipRecruiter's economic research team, which provides insights and analysis on current labor market trends and the future of work. Learn more at: https://www.ziprecruiter.com/blog/ Follow her on Twitter: @juliaonjobs

Behind the Markets Podcast: Dom Rizzo Aug 11, 2023

Show from 8/11/23 Prof. Siegel joins Jeremy Schwartz to dissect the current state of the economy. They discuss everything from jobless claims and inflation to the roles of major companies like Tesla and Ford. With an optimistic yet cautious tone, Prof. Siegel offers a glimpse into what the future may hold for the markets. (10:07) Dom Rizzo, a portfolio manager for T Rowe Price, discusses his career and the global technology equity strategy with particular focus on the semiconductor industry. He highlights Nvidia's powerful GPU technology and its linchpin status, predicting the AI chip market's significant growth. The conversation also covers the potential for a second source in the market, such as AMD, and the need for continuous innovation within the semiconductor space. AI is viewed as a major productivity boost, impacting areas like natural language processing and cybersecurity. Large companies with data and distribution are expected to benefit, with AI augmenting tasks rather than replacing them in the short term, offering efficiency gains across various industries. Guest: Dominic Rizzo is the portfolio manager of the Global Technology Equity Strategy. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd. Learn more at: https://www.troweprice.com/financial-intermediary/au/en/bios/dom-rizzo.html Chris Gannatti is Head of Research at WisdomTree Europe Follow him on Twitter: @CGannatti

Behind the Markets Podcast: Doomberg Aug 04, 2023

Show from 8/4/23 Doomberg begins by telling us about who they are and what their newsletter is about. The writers are able to stay anonymous and write about topics including economy, climate and policy without fear of losing their careers in the fields they specialize in. He tells us that climate happens to be the most controversial topic with carbon reduction being the most heated debate. He dives deep into the importance of nuclear power and how it is the future of power for the world. He covers the controversy surrounding it, countries actively expanding their nuclear programs and success stories that can be used as examples to persuade fear based opinions. He talks about investing into different areas of energy. He also discusses the gold market, bitcoins future and train derailments. Guest: Doomberg is a subscription based newsletter highlighting the fundamentals missing from many economic and policy decisions. The Substack articles are written by a small group of former executives, free to write without boundaries. Learn more at: https://doomberg.substack.com/ Follow Doomberg on Twitter: @DoombergT

Behind the Markets Podcast: Torsten Slok Jul 27, 2023

Show from 7/28/23 Prof. Siegel kicks off with his take on the recent news conference from the Fed. He believes that we are not as close to a recession as previously thought, due to the stability of some essential commodities (10:28). Torsten agrees with the Professor, highlighting how the Fed is slowing the economy down with interest rate hikes. He explains his concern that there could be a huge shift in foreign asset allocations, Japan currently being the largest with over a trillion dollars in US treasuries. Torsten and the Professor go back and forth on market rate hikes and what the potential outcome of the market could be. They discuss which investments are better to hedge at this point in time. Torsten talks about regional banking systems and his research into that area. Guest: Torsten Slok is Partner and Chief Economist at Apollo. Prior to joining in 2020, Torsten worked for 15 years on the sell-side, where his team was top-ranked by Institutional Investor in fixed income and equities for ten years. Previously, he worked at the OECD in Paris in the Money and Finance Division and the Structural Policy Analysis Division. Before joining the OECD, Torsten was with the IMF in the division responsible for writing the World Economic Outlook, and the division responsible for China, Hong Kong, and Mongolia. Learn more at: https://www.apollo.com/about-apollo/our-people/torsten-slok Follow Torsten on LinkedIn: https://www.linkedin.com/in/torsten-slok-8a7520a2

Behind the Markets Podcast: Alejandro Lopez-Lira Jul 20, 2023

Show from 7/21/23 Prof. Siegel calls in live from his cruise to share his big takes on today's current market. He explains to us his shift of opinion towards the Feds and what he is looking into to suggest market recovery (13:25). Alejandro starts by telling us what he researches and studies at the University of Florida. He explains his use of AI to calculate rates and how it could be used by companies to mitigate risks. Through his research, he explains his beliefs on using many different signals to attain the data you need from machine learning. He elaborates on how performance factors can greatly affect outcomes of these data sets. The group discusses the results of testing Chat GPT’s ability to calculate these data sets and whether it’s a useful tool for market predictions. He discusses the future research and advancements in using AI models to add in finance decisions. Guest: Alejandro Lopez-Lira is an Assistant professor of Finance at Warrington College of Business, University of Florida. He holds a PhD in Finance from the Wharton School, University of Pennsylvania. His research covers topics in Empirical Asset Pricing, Machine Learning and Textual Analysis. Learn more at: https://alejandrolopezlira.site/ Follow Alejandro on Twitter: @alejandroll10 Chris Gannatti is Head of Research at WisdomTree Europe Follow him on Twitter: @CGannatti

Behind the Markets Podcast: Warren Pies & Nitesh Shah Jul 14, 2023

Show from 7/14/23 Prof. Siegel begins with the positive news of inflation coming in below expectations. He highlights the strength of the real economy, citing low initial jobless claims and strong consumer sentiment. Market sentiment is optimistic, with money flowing back into the market and a favorable outlook for investors. (00:12:50) Warren focuses on the potential margin contraction in 2024 earnings due to wage pressures and interest expenses, expressing concern about the excessive optimism in the market. He also mentions that while AI may enhance productivity in the long term, its efficiency gains might not materialize in time to support the 2024 earnings picture. Nitesh discusses the disappointment in China's reopening and the absence of substantial stimulus measures to drive growth. While China has been strategically accumulating raw materials and investing in grid expenditures for the energy transition, questions arise about its ability to maintain demand growth, especially in the oil market. Guest: Prior to founding 3Fourteen Research, Warren led Ned Davis Research’s Energy and Commodity strategy. In that role, he built the firm’s commodity-related studies, models, and unique indicators. His research combines proprietary fundamental, technical and macro indicators to identify major investment themes and market trends affecting capital markets. Warren is a frequent contributor to the media including participating in the 2013 Barron’s MLP Roundtable discussion, the Wall Street Journal, CNBC, and RealVision. In 2014, Euromoney Institutional Investor awarded Warren the Padraic Fallon award for his research on the Shale Revolution. Outside of the research world, Warren has worked as a practicing attorney specializing in regulatory approvals for various industrial activities and projects. He has also owned, operated, and sold a portfolio of self-storage properties to a national REIT. Learn more at: https://www.3fourteenresearch.com/about Follow Warren on LinkedIn: https://www.linkedin.com/in/warren-pies-erp-1b999437/ Nitesh Shah is Head of Commodities & Macroeconomic Research at WisdomTree Europe Follow Nitesh on Twitter: @NiteshShahWT

Behind the Markets Podcast: Simon Johnson Jul 07, 2023

Show from 07/07/23 Prof. Siegel talks to us about the new market data and the current unemployment rate reports this week (10:35). Jeremy and Chris are joined today by Simon who discusses his new book Power and Progress: Our 1000-Year Struggle Over Technology and Prosperity. They talk about the importance of AI for human-kind and its comparison to previous technologies. Simon gets into detail on the positive implications of AI but warns against the potential negatives. They debate whether people should support purchasing goods from countries that do not have safe guards for surveillance tech. Simon gives his opinion on the tech elite, government involvement, as well as job creation and tax inequality tied with advancements in technology. Guest: Simon Johnson is the Ronald A. Kurtz (1954) Professor of Entrepreneurship at the MIT Sloan School of Management, where he is head of the Global Economics and Management group. In 2007-08 he was chief economist at the International Monetary Fund, and he currently co-chairs the CFA Institute Systemic Risk Council. In February 2021, Johnson joined the board of directors of Fannie Mae. Johnson’s most recent book, with Daron Acemoglu, Power and Progress: Our 1000-Year Struggle Over Technology and Prosperity, explores the history and economics of major technological transformations up to and including the latest developments in Artificial Intelligence. Learn more at: https://mitsloan.mit.edu/faculty/directory/simon-johnson Follow him on LinkedIn: https://www.linkedin.com/in/simon-johnson-17b40645/ Chris Gannatti is Head of Research at WisdomTree Europe Follow him on Twitter: @CGannatti

Behind the Markets Podcast: Raymond Micaletti Jun 29, 2023

Show from 06/30/23 Prof. Siegel talks to us about the current positive market standings this week and his hesitation with the Feds ongoing decisions. Jeremy is joined by Raymond who tells us a little bit about himself, his background and the firms he is a part of (09:33). He explains why people would want to use services at Relative Sentiment Technologies. He gives us his perspective on the retail market, where it’s headed and if it is the future smart strategy. They discuss customizations and suggestions based off risk exposure and his research across asset classes. He gives us insight into positioning due to surveys and analysis of the market. We hear his opinions on the international markets as they stand today and what is potentially driving the trends. Guest: Raymond Micaletti is the co-founder and CIO of Relative Sentiment Technologies, LLC. He has over 20 years' experience at major investment banks (JPMorgan, Barclays), hedge funds (Fortress Investment Group), and asset management firms where his primary focus has been on the research, development, and management of systematic investment strategies. In 2018, he laid the groundwork for RST by publishing a paper on a new method for tactical asset allocation using relative sentiment. An active topic on which he continues to research and publish. A native of western Pennsylvania, Ray holds a B.S. in civil engineering from the University of Notre Dame and a Ph.D. in engineering mechanics from Princeton University. Learn more at: https://relativesentiment.com/about-us.html Follow him on Twitter: @RelSentTech

Behind the Markets Podcast: Daniel Rock Jun 24, 2023

Show from 6/23/23 Jeremy Schwartz and Prof. Siegel discuss how the recent job reports and global manufacturing data have raised concerns about a softening economy. Federal Reserve Chairman Powell provided no new information during his congressional appearance, and remains committed to anticipated interest rate hikes. Additionally, the housing market continues to experience a significant surge in prices, which may impact consumer spending in the future. Prof. Daniel Rock and Prof. Siegel discuss the rapid adoption of chat GPT and the surprising capabilities of AI models, particularly in generating plausible texts. Chris and Prof. Rock discuss the deflationary benefits of new technologies like AI, comparing it to Moore's Law, and emphasize the importance for businesses to ride the wave of technological advancements rather than trying to be at the forefront. They also discuss the geopolitical dynamics of the AI battle, emphasizing the need for accessibility and acknowledging the potential for competition in regions like China and India. Tune in to hear all about the geopolitical dynamics of the AI battle, the potential of large language models, and the use of AI in education and research on this week's episode. Guest: Professor Daniel Rock an Assistant Professor of Operations, Information, and Decisions at the Wharton School of the University of Pennsylvania. His research is on the economic effects of digital technologies, with a particular emphasis on the economics of artificial intelligence. He has recently worked on studies addressing the types of occupations that are most exposed to machine learning, measuring the value of AI skillsets to employer firms, and adjusting productivity measurement to include investments in intangible assets. His research has been published in various academic journals and featured in outlets such as The New York Times, Wall Street Journal, Bloomberg, Harvard Business Review, and Sloan Management Review. Much of his work involves applying cutting-edge data science techniques to analyze datasets from financial market data sources, online resume sites, and job postings. Learn more at: https://oid.wharton.upenn.edu/profile/rockdi/ Follow him on Twitter: @danielrock Chris Gannatti is Global Head of Research at WisdomTree Follow him on Twitter: @CGannatti

Behind the Markets Podcast: Brandon Zick & Nora Pickens Jun 16, 2023

Jeremy and the professor are joined today by both Brandon and Nora as they discuss their views on the economy, inflation and what’s happening to farmland. Brandon tells us that inflation isn’t expected to affect agriculture in the way it has affected the Feds. They discuss the bond market and why future cycles are looking so positive, and what’s involved in purchasing and investing in farms. Both Brandon and Nora give us an in depth look into the farming industry and how it ties into the market, how crop yields play a role, and how they choose which farms to invest in. They also give us a view into the future of the farming industry and new technology that could improve the industry as a whole, and talk about the difficulties of finding reliable labor and replacing humans with machines. Guests: Brandon Zick joined Ceres Partners in 2010. He is responsible for managing all investments at Ceres, including farmland and private equity strategies. In this role he supervises valuation analysis, acquisition due diligence, tenant management and acquisition negotiations. Nora Pickens serves as Managing Director of Investments at Mill Creek Capital Advisors, LLC. She has primary responsibility for evaluating fixed income and alternative credit strategies across MCCA’s investment programs. Learn more at: https://www.cerespartners.com/our-team/brandon-zick https://www.millcreekcap.com/ Connect on LinkedIn: linkedin.com/in/brandon-zick-394a5310 linkedin.com/in/norapickens

Behind the Markets Podcast: Nir Kaissar Jun 10, 2023

Jeremy, Jeremy and Nir discuss their market theories for the upcoming week and where the market is headed. Nir defends the Fed and gives his opinion on their choices. He tells us about AI’s potential and current impacts on the economy. Nir gives us his hypothesis on how AI will affect the market in the upcoming year after last year's market readjustment. He discusses the purchase of tips in an inflated market. He dives into his view on high yield bonds, foreign investments and the risk/reward of current geopolitics. Guest: Nir Kaissar, Chartered Financial Analyst, founded Unison in 2005. Unison manages diversified portfolios for institutions and individuals using a data-driven, systematic approach to asset allocation. Nir is also a columnist for Bloomberg Opinion, writing about markets, investing, economics and public policy. Learn more at: https://unisonadvisors.com/?page_id=61 Connect on Twitter: @nirkaissar

Behind the Markets Podcast: Eric Rothman Jun 01, 2023

Show from 6/2/23 Jeremy, Chris, and Eric dive into the current real estate market. Eric discusses how his firm is moving into the single family home rental market. He talks about the stall in the office rental market as people continue to work from home. They get into detail on retail real estate, the death of regional malls, and the rise of open-air stores. Chris asks about private real estate and what investors should be concerned about moving into the future. Eric talks in depth about the growth of tech real estate, the growing need for data center space, and the energy required for AI data chip creation. Guest: Eric Rothman serves as Portfolio Manager for CenterSquare Investment Management’s real estate securities group. He is responsible for market research, sector allocations, research, and financial modeling across the U.S. real estate securities universe. He also manages a REIT preferred stock separate account mandate. He has over 25 years of REIT and real estate investment experience. Prior to joining CenterSquare, he spent more than six years as a sell-side REIT analyst at Wachovia Securities and three years as an analyst at AEW Capital Management. He is a CFA charterholder and member of the CFA Institute. Learn more at: https://www.centersquare.com/investment-team Connect on LinkedIn: https://www.linkedin.com/in/eric-rothman-cfa-02561710?original_referer=https%3A%2F%2Fwww.google.com%2F Chris Gannatti is Head of Research at WisdomTree Europe Follow him on Twitter: @CGannatti

Behind the Markets Podcast - Samuel Rines May 26, 2023

Show from 5/26/23 Hosts Jeremy Schwartz and Jeremy Siegel are joined by Samuel Rines as they discuss today's market and economy. Sam dives into why the Feds are in a grackle state between hawkish and dovish maneuvers, explaining how price over volume is sticking around due to inflation and the reluctance for consumers' to push back. They go into depth on whether the summer will flow into a recession, and the importance of Middle America's contributions to driving the economy, as well as the excitement of big tech and its effect on the current market. Jeremy and Sam also touch on their upcoming collaboration. Sam tells us a bit more about his firm Corbu and its specializations as well as his view on the global market, oil, and the bond market. Guest: Samuel Rines is the Managing Director of CORBU. Samuel is a global macro expert focused on the investment implications of politics and policy. His PolyMacro research and model portfolios are widely followed by both large family offices and institutional investors. Prior to joining CORBU, Samuel was the Chief Economist and Investment Strategist at Avalon Advisors, Before joining Avalon, Samuel was the portfolio manager at Chilton Capital Management, where he launched the Chilton ESG Equity Strategy and a long/short technology portfolio. Samuel started his career as the cross-asset analyst for a small hedge fund. He is the author of the book “After Normal: Making Sense of the Global Economy”. Follow him on Twitter: @SamuelRines

Behind the Markets Podcast: Guy LeBas May 20, 2023

Show from 5/19/23 Join your hosts and Guy LeBas as they delve into the markets this week. Prof. Siegel purports there will be a debt deal, prompting short-covering in the market. Jobless claims showed a suspicious jump attributed to fraud in one state. The upcoming labor market report will be crucial for the Fed's decision in June, with dissent among members possible, depending on its findings. Jeremy Schwartz and Guy LeBas discuss financial markets, focusing on inflation, Treasury yields, and corporate credit. Deposit outflows from banks have slowed, especially in larger regional banks with diverse deposits. The banking sector's valuation outlook is positive, with many banks expected to recover from bond portfolio losses. Listen in to learn more about this Spring’s important macro trends! Guest: Guy LeBas is Janney’s Chief Fixed Income Strategist as well as Director of Custom Fixed Income Solutions for Janney Capital Management. As Strategist, he is responsible for providing direction to the Firm’s clients on the macroeconomic, interest rate, and bond market investing climate. Guy authors bond market periodicals, which provide relative value recommendations across the fixed income spectrum. With Janney Capital Management, Guy is responsible for overseeing the Firm’s discretionary managed bond portfolios, which take a client-tailored approach to generating consistent income across interest rate environments. Learn more at: https://www.janney.com/meet-janney/people/guy-lebas Follow Guy on Twitter: @lebas_janney

Behind the Markets Podcast: Mark Mills May 12, 2023

Show from 5/12/23 Join Jeremy Schwartz, Prof. Siegel, and Chris Gannatti as they talk about Mark Mills’s path through academia and his career in tech and energy. Mark discusses how macro-level energy logistics can have global influence on productivity and economies. The show goes in depth on the role of new technology in improving the energy sector, and how energy can also be optimized for powering new technology. Mark talks about how far away a break-even nuclear fusion energy reactor truly is. They also touch on how the consumption of energy around the world is increasing as more technology is developed and adopted globally, and the significance of cloud computing in the energy space. Guest: Mark Mills is a senior fellow at the Manhattan Institute and a faculty fellow at Northwestern University’s McCormick School of Engineering and Applied Science. He is also a strategic partner with Montrose Lane (an energy-tech venture fund). Previously, Mills cofounded Digital Power Capital, a boutique venture fund, and was chairman and CTO of ICx Technologies, helping take it public in 2007. Mills is author of the book The Cloud Revolution: How the Convergence of New Technologies Will Unleash the Next Economic Boom and a Roaring 2020s, and host of the new podcast The Last Optimist. He is also author of Digital Cathedrals, and Work in the Age of Robots. Mills earlier coauthored The Bottomless Well: The Twilight of Fuel, the Virtue of Waste, and Why We Will Never Run Out of Energy. Learn more at https://manhattan.institute/person/mark-p-mills Follow Bilal on Twitter: @MarkPMills Co-host Chris Gannatti is Head of Research at WisdomTree Europe Follow him on Twitter: @CGannatti

Behind the Markets Podcast: Bilal Hafeez May 02, 2023

Show from 5/5/23 Join Jeremy Schwartz and Prof. Siegel as they discuss the current state of the labor market; the concerning trend of rising unemployment claims and a cooling labor landscape. Bilal Hafeez shares his contrasting thoughts on the actions the Fed should take. The discussion also touches on the superior positioning of European banks compared to US banks. Bilal talks about booming investments in A.I. and how big tech companies will benefit from this trend. Listen now to gain insights into inflation, the Fed's response, and the geopolitical tensions surrounding American and Chinese A.I. Guest: Bilal Hafeez is the Founder and CEO of Macro Hive. He was the Global Head of International Fixed Income Strategy at Nomura between 2016 and 2019 and held various senior roles at Deutsche Bank between 2002 and 2015 including Head of Multi-Asset Research, Advisor to the CEO, Head of Asia Research in Singapore, and Global Head of Foreign Exchange Research. Bilal started his career at JP Morgan in 1998 and was rated the #1 market strategist by Euromoney and Institutional Investor between 2004 and 2013. He pioneered FX investment and smart beta benchmarks and was an Honorary Visiting Professor of Finance at Cass Business School. He studied Economics at St Johns College, Cambridge, and has seven cats, four chickens, a beehive, and one dog. Learn more at https://macrohive.com/macro-hive-team/ Follow Bilal on Twitter: @bilalhafeez123

Behind the Markets Podcast: Dave Goodson Apr 29, 2023

Join Jeremy Schwartz and Prof. Siegel as they dive deep into fixed income and recent economic reports. Some other key topics include the S&P 500 index, stabilization in the housing market, and the potential for a cumulative effect of policy to stimulate the market. Banks are still strained but we’re not feeling the macroeconomic domino effect (yet). Returning guest Dave Goodson gives his views on fixed income market opportunities. Dave shares his framework for investing in and studying fixed income and the securitized market, and how they can greatly benefit your portfolio. He thinks the 60/40 portfolio might be making a comeback, and he gives other great portfolio construction tips. Guest: Dave Goodson is a managing director, head of securitized fixed income and a senior portfolio manager for non-agency and agency mortgage-backed securities, commercial mortgage-backed securities and asset-backed securities strategies at Voya Investment Management. Prior to joining Voya, he was a principal at an independent investment bank focused on asset-backed commercial paper transactions. Previously, Dave began his career as a vice president in Wachovia Securities’ asset-backed finance group, marketing and executing securitizations for the bank’s corporate clients. He earned a BS in management from the Georgia Institute of Technology Learn more at institutional.voya.com/investment-ca…itized-credit Follow Voya on Twitter: @VoyaInvestments

Behind the Markets Podcast: Vincent Reinhart Apr 22, 2023

Show from 4/21/23 Jeremy Schwartz and Prof. Siegel speak on the ever-changing stats coming out of the Fed. Much is evolving as the data begin to reflect the macro highlights of Q1 2023. Tesla’s price war and P&G’s earnings are in the headlines. Expert economist Vincent Reinhart comes on the show to discuss the latest on housing and labor markets, global strain on banks, and every other big swing in the macroeconomy. He discusses the effect of major generational shocks like COVID and the Ukraine-Russia conflict on inflation, which he has researched at length. Check out the episode to learn more about the most important aspects of today’s geopolitics and economics! Guest: Vincent Reinhart is Chief Economist and Macro Strategist at Mellon Investments. In this role, he is responsible for developing views on the global economy and making relative value recommendations across global bond markets, currencies and sectors. Previously, Vincent served as the Chief US Economist and a managing director at Morgan Stanley. For the prior four years, he was a resident scholar at the American Enterprise Institute (AEI). Vincent also worked in several roles at the Federal Reserve over 24 years, including Director of the Division of Monetary Affairs and Secretary and Economist of the Federal Open Market Committee (FOMC). His academic publications primarily concern the conduct of policy and issues related to the monetary transmission mechanism as well as an analysis of alternative auction techniques and Treasury debt management. After an undergraduate training at Fordham University, he received graduate degrees in economics at Columbia University. Learn more at https://www.mellon.com/about-us/our-people/vincent-reinhart.html Follow Mellon on Twitter: @melloninvests

Behind the Markets Podcast: Nathaniel Bullard & Christopher Gannatti Apr 14, 2023

Show from 4/14/23 Chris Gannatti joins Jeremy Schwartz and Prof. Siegel this week as they speak to esteemed guest Nathaniel “Nat” Bullard. Despite the ever-present strain of inflation, it’s apparent the economy is not falling apart just yet. Nat shares his vast knowledge of ESG and carbon reduction as it affects macroeconomic pressures. You don’t want to miss out on his take on today’s gas prices. Tune in to get up to speed on the environment, economy, and polarizing politics! Guest: Nat Bullard writes: I have spent nearly two decades analyzing, writing about, presenting on, and strategizing for deep decarbonization of the global economy. I spent 15 years with BloombergNEF, joining prior to New Energy Finance's acquisition by Bloomberg in 2009. There, I covered US markets, solar, and global executive strategy, concluding my time as the group's Chief Content Officer. While at BloombergNEF I began my weekly writing as well, which later moved to Bloomberg Opinion and now, Bloomberg Green. Today, my Bloomberg Green column reaches 250,000 subscribers a week. I maintain a senior contributor role for BloombergNEF, and I also have had a long-term engagement with early-stage climate tech venture capital firm Voyager Ventures. I am a frequent keynote speaker and board presenter on deep decarbonization technology, policy, markets, and strategy in an independent capacity. Follow him on Twitter: @NatBullard Chris Gannatti is Head of Research at WisdomTree Europe Follow him on Twitter: @CGannatti

Behind the Markets Podcast: Jonathan Ward Apr 07, 2023

Show from 4/7/23 Jeremy Schwartz and Prof. Siegel review some weak and unfortunate macro-level data from the markets this past week. Even the labor force is softening again, despite the promise that Q1 2023 brought. Plus, the fallout from bank runs hasn’t been fully realized in the data yet. Jonathan Ward joins the conversation to break down the current state of US-China relations. He shares his unique perspective on macroeconomics, informed by his geopolitical expertise. Guest: Dr. Jonathan D. T. Ward has been studying the rise of China for more than a decade. From travels with truck caravans in Tibet and across the South China Sea by cargo ship in his early twenties, to accessing Communist Party archives that have now been closed to the world while a PhD candidate at Oxford, to consulting for the U.S. Department of Defense and Fortune 500 organizations, Dr. Ward has brought the experience of a traveler, the discipline of a scholar, and the insight of a strategy consultant to one of the toughest, biggest challenges of our time: what does China want, how will it try to get it, and what should America do? Dr. Ward is the Founder of Atlas Organization, a Washington DC based consultancy focused on the rise of India and China, and US-China global competition. Dr. Ward is author of The Decisive Decade, available where books are sold April 29th. Learn more at https://jonathandtward.com/ Buy/pre-order his book: https://www.amazon.com/Decisive-Decade-American-Strategy-Triumph/dp/1635768454 Follow him on Twitter: @jonathandtward

Behind the Markets Podcast: David Zervos Mar 31, 2023

Show from 3/31/23 Jeremy Schwartz and Prof. Siegel kick off the episode with a positive outlook on US macro trends. Inflationary pressures are leveling off comfortably, at least for the past week. The SVB fallout appears to be relatively isolated, and widespread bank runs no longer seem imminent. David Zervos weighs in on the same topics, adding his renowned macro market expertise. Market direction is still unclear in light of the Fed’s latest moves. Tune in to hear our best guess on the future of your money! Guest: David Zervos is currently Chief Market Strategist for Jefferies LLC and Head of the Global Macro Division of Leucadia Asset Management, LLC. David joined Jefferies in 2010 after spending 2009 as a visiting advisor at the Board of Governors of the Federal Reserve System in Washington, D.C. Prior to visiting the Federal Reserve, he held a variety of research, sales and trading positions in the private sector, most recently managing global macro portfolios for Brevan Howard and UBS O'Connor. He began his career as an economist at the Federal Reserve Board in the early 1990's. He received a B.Sc. from Washington University, and an M.A. and Ph.D. in economics from the University of Rochester. Learn more at https://jefferiesmacrostrategy.com/about-david/ Follow him on Twitter: @jefmacrostat

Behind The Markets Podcast: Wim Schoutens And Catherine LeGraw Mar 23, 2023

Show from 3/24/23 Prof. Siegel takes a break from his vacation to call in and discuss this week’s big market news. The spotlight is on some disturbing projections from the Fed surrounding jobs and wages, and future rate cuts. Strain on institutions around the world brings into question the potential for recession. Wim Schoutens joins from Belgium to share his perspective based on his foremost expertise in bond markets. His proximity to Switzerland and familiarity with Co/Cos makes him a great resource for explaining what went down with Credit Suisse and the reaction by the global market. Then, Wharton alumnus Catherine LeGraw comes on to give GMO’s views on stocks, bonds, and markets at large. Her high-level macro lens rounds out the conversation and encapsulates the rest of the economy. Join Jeremy Schwartz et al. to learn more! Guests: Wim Schoutens is professor in financial engineering at the University of Leuven, Belgium. He has extensive practical experience of model implementation and validation. He is well known for his consulting work to the banking industry and national and supra-national institutions. He is an independent expert advisor to the European Commission, has worked for the IMF and is the author of several books on quantitative finance. Wim is also a founding partner of RiskConcile, a fintech company with roots within the University of Leuven. Learn more at https://schoutens.eu/ Catherine LeGraw is a Wharton graduate and a former student of Prof. Siegel. She is a member of GMO’s Asset Allocation team and a partner of the firm. Prior to joining GMO in 2013, she worked as a director at BlackRock. Previously, Ms. LeGraw was an analyst at Bear, Stearns & Co. She received her BA and her BS in Economics from the University of Pennsylvania. She is a CFA charterholder. Learn more at: https://www.gmo.com/americas/research-library/?author=72ba2300-f9c4-47c0-8d9c-4c063da99017

Behind The Markets Podcast: Trevor Greetham Mar 17, 2023

Show from 3/17/23 Jeremy Schwartz and Prof. Jeremy Siegel tackle the banking crisis, continuing inflation, and market sentiment as volatility dominates the narrative. Bitcoin and crypto are seeing more action now that trust in TradFi systems is decreasing. Trevor Greetham comes on from London UK to share his views on the underinsured, illiquid assets in the US spilling out into the rest of the world. He discusses some lesser-mentioned macro trends that factor into global inflation cycles. Trevor daws on his experience in allocation for major life insurance and pension portfolios. Guest: Trevor Greetham is a portfolio manager at Royal London Asset Management. Prior to joining Royal London in 2015, Trevor was asset allocation director for Fidelity Worldwide Investment, where he was responsible for implementing tactical investment decisions across a wide range of institutional and retail funds including the Fidelity Multi Asset Strategic Fund. Learn more at https://adviser.royallondon.com/contacts/trevor-greetham/ Follow him on Twitter: @TrevorGreetham

Behind The Markets Podcast - Blake Heimann Mar 10, 2023

Show from 3/10/23 Chris Gannatti fills in for Jeremy Schwartz this week and joins Prof. Jeremy Siegel to talk big swings in macroeconomic trends. Crypto exchanges and regional banks are still facing struggles. Inflation rages on and turmoil continues in the labor economy. Guest Blake Heimann shares his thoughts on AI, including ChatGPT’s recent leaps, and touches on the broad economic and societal implications of AI. An interesting and fun conversation despite some potentially dystopian topics! Guest: Blake Heimann is a Research Analyst at WisdomTree. He’s an insatiably curious polymath with a passion for quantitative financial modeling, automated trading, and portfolio management. He is keen on novel approaches leveraging artificial intelligence and machine learning in investment management. Blake’s LinkedIn: https://www.linkedin.com/in/blakeheimann Chris Gannatti is Head of Research at WisdomTree Europe Follow him on Twitter: @CGannatti

Behind The Markets Podcast: Warren Mosler Mar 03, 2023

Show from 3/3/23 Jeremy Schwartz and Prof. Jeremy Siegel are optimistic in light of the restabilization of markets and GDP. As the Fed continues to tighten, everything is looking more steady in the US economy. Warren Mosler joins the show today, and shares his unique economic theories and intriguing ideas about financial structures. He argues controversially that higher interest rates have stimulated the economy to resist recession, not relented it. Listen in for more of Mosler’s surprising insights. Guest: Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory. An entrepreneur and financial professional, Warren Mosler has spent the past 40 years gaining an insider’s knowledge of monetary operations. He co-founded AVM, a broker/dealer providing advanced financial services to large institutional accounts and the Illinois Income Investors (III) family of investment funds in 1982. He holds a B.A. in Economics from the University of Connecticut and remains deeply involved in the academic community. He has given presentations at conferences around the world and published numerous articles in economic journals, newspapers, and periodicals. Mosler is also the author of The Seven Deadly Innocent Frauds of Economic Policy. He is credited with creating Mosler’s law that states “there is no financial crisis so deep that a sufficiently large fiscal adjustment cannot correct it.” For more information, visit his website: https://warrenmosler.com/ Follow him on Twitter: @wbmosler

Behind The Markets Podcast: Greg Valliere Feb 24, 2023

Show from 2/24/23 Jeremy Schwartz and Prof. Jeremy Siegel discuss the year-over-year indices and expectations that are affecting pessimism in market perceptions across the board. Mortgage rates and housing prices continue to fluctuate and cause grief for homeowners. Fallout from the COVID pandemic rages on with real inflationary and political consequences. Greg Valliere joins the show to expand on the geopolitical and economic factors that are influencing decision-makers and consumers in the U.S. Volatility and drastic regulatory measures may be on the horizon. Guest: Greg Valliere is the Chief U.S. Policy Strategist at AGF Investments. He joined AGF in February 2019 as Chief U.S. Policy Strategist. In this role, he is responsible for providing insight into how U.S. politics are shaping global markets. He brings a unique perspective to AGF with more than four decades of experience analyzing policy and politics. He provides regular commentary and insight into Washington for financial services and investment management clients globally, including specialized coverage of the Federal Reserve, economic policy, and politics. Greg has more than 40 years of experience following Washington issues for institutional and retail investors. For more information, visit the AGF website: https://perspectives.agf.com/author/greg-valliere/ Follow him on Twitter: @Greg_Valliere

Behind The Markets Podcast: Todd Thompson Feb 17, 2023

Show from 2/17/23 Jeremy Schwartz and Prof. Jeremy Siegel dive deep into the effects of a resurging market on wages and costs for Americans. As inflation and labor strain continue, CPI becomes an important consideration for the Fed and for the population at large. Todd Thompson gives his views on the current state of bonds, stocks, mortgage spreads, and long-term financial commitments. He also details how he’s thinking about portfolio construction in 2023 more broadly. Listen in to gain insight from Todd’s long career as a fixed income expert. Guest: Todd Thompson is a managing director and portfolio manager and leads the fixed income credit research team at Reams Asset Management. He is a co-portfolio manager of the Carillon Reams Bond Funds. Todd has over 25 years of experience as a fixed income portfolio manager and analyst. Prior to joining Reams in 2001, Todd worked for Conseco Capital Management Company and The Ohio Public Employees’ Retirement System. For more information, visit the Reams website: https://www.reamsasset.com/people/senior-investment-professionals/todd-thompson/

Behind The Markets Podcast: Patrick Harker Feb 09, 2023

Show from 2/10/23 Esteemed guest Patrick Harker joins Jeremy Schwartz and Prof. Jeremy Siegel to broadcast live from the GIC conference in La Jolla. They focus on trends in monetary policy, workforce, liquidity, and inflation in the US, through 2022 and into the new year. Harker draws from his STEM background, making a case for Fed policies that are data-driven and based on strong indices. Guest: Patrick Harker is the 11th President and Chief Executive Officer of the Federal Reserve Bank of Philadelphia. Harker is also a former Dean of the Wharton School. Harker participates on the Federal Open Market Committee, which formulates the nation’s monetary policy. As an engineer by training, Harker has continued to apply his research and receive patents throughout his career. He considers the effect of automation on the labor force as “the perfect intersection” of engineering and economics. Other technological influences, including artificial intelligence and machine learning, are also playing a part in the Third District’s and the nation’s economy. For more information, visit the Philadelphia Fed website: https://www.philadelphiafed.org/our-people/patrick-t-harker Follow them on Twitter: @philadelphiafed

Behind The Markets Podcast: Jim Bianco Feb 08, 2023

Show from 2/09/23 Jeremy Schwartz broadcasts live from the GIC conference in La Jolla, with guests Jim Bianco and Will Peck. Topics covered include wage inflation, crypto and DeFi, where the Phillips curve plays into the Fed’s plan, and the correlation between inflation and money supply. Bianco brings decades of expertise to the conversation, with fresh perspectives on digital currencies from central banks, and DeFi as a whole. Guest: Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim’s commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades-long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 years at Bianco Research, Jim’s wide ranging commentaries have addressed monetary policy, the intersection of markets and politics, the role of government in the economy, fund flows, and positioning in financial markets. For more information, visit the Bianco Research website: https://www.biancoresearch.com/about-us/ Follow him on Twitter: @biancoresearch Additional guest: Will Peck Will Peck is Head of Digital Assets at WisdomTree. In this role, Mr. Peck leads the firm's Strategy Group, leads corporate development, and drives other strategic initiatives for the firm, including the launch of WisdomTree Prime, a financial services app built from the ground up on blockchain rails with DeFi concepts. Follow him on Twitter: @wbpeck

Behind The Markets Podcast: Skanda Amarnath Feb 02, 2023

Show from 2/03/23 Jeremy Schwartz and Prof. Jeremy Siegel react to a big week in finance, including US earnings and productivity stats, market and GDP tailwinds post-COVID, news from the Fed, and much more. Drawing from his research, our guest Skanda Amarnath dives deeper into the effects of global and domestic issues on inflation, wages, and labor in the US. In light of promising macroeconomic trends, Skanda is optimistic for the sustainability of the American workforce. Listen in to learn more about the challenges and opportunities he foresees for 2023. Guest: Skanda Amarnath is the Executive Director of Employ America, a research organization advocating for full employment. To take action on his passion for sustainably tighter labor markets, he creates analytical content from macroeconomic and market data. Amarnath was a Vice President at MKP Capital Management, a global alternative investment manager where he also served as a market economist and strategist. Earlier in his career, he worked as an Analyst within New York Fed's Research Group. For more information on Skanda and his work, visit the Employ America website: https://www.employamerica.org/about/ Follow him on Twitter: @IrvingSwisher

Behind The Markets Podcast: Peter Lazaroff Jan 27, 2023

Show from 1/27/23 Jeremy Schwartz and Prof. Jeremy Siegel talk Fed tightening, recession potential, US money supply, and its effect on liquidity and profitability. Peter Lazaroff joins the show to discuss financial planning, portfolio construction, and how he makes money simple for clients. He goes deep into 2022’s inflationary bear market and how he’s seen investors react going into 2023. Peter also shares tips for your portfolio based on time horizon and ever-rising interest rates. Guest: Peter Lazaroff is the Chief Investment Officer at Plancorp, a financial advisor, speaker, author of the book Making Money Simple, and host of The Long Term Investor podcast. Peter is known for taking complex financial strategies and sharing them in easy to understand language everyone can apply to improve their wealth and financial habits. His insights are regularly seen around the world on major media platforms like The Wall Street Journal, Forbes, CNBC, and The New York Times. For more information, visit his website: https://peterlazaroff.com/ Follow him on Twitter: @PeterLazaroff Get his book for free: https://peterlazaroff.com/freebook

Behind The Markets Podcast: Lorenzo Esparza Jan 20, 2023

Show from 1/20/22 Wharton Professor Jeremy Siegel kicks off the show with his market update. He talks about positive price data, inflation expectations, a strong labor market, and more. Then Host Jeremy Schwartz brings CEO of Manhattan West Lorenzo Esperanza on to discuss fed planning, the labor economy, pricing, jobless claims, and alternative investments. Guests: Lorenzo Esparza – CEO, Founding Principal at Manhattan West Follow Lorenzo on LinkedIn: https://www.linkedin.com/in/lorenzo-esparza-a2b6967/ Follow Lorenzo on Twitter: @LorenzoEsparza Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Haim Israel Jan 13, 2023

Show from 1/13/22 What is the status of inflation? Host Jeremy Schwartz starts the show discussing the fed, market inflation indicators, and more. Then he brings on Heim Israel of Bank of America Merrill Lynch to discuss how to approach thematic investing and mega trends. Heim explains that people need to take a wholistic approach to looking at trends, events are impacted by other sectors. Guests: Haim Israel - Managing director of research and global strategist, head of the global thematic research team at Bank of America Merrill Lynch For the latest, follow Bank of America on Twitter: @BankofAmerica Chris Gannatti – Head of Global Research at WisdomTree Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: John Davi Jan 06, 2023

Show from 1/6/23 Happy New Year! In this episode of Behind the Markets, Host Jeremy Schwartz kicks off 2023 with Wharton Finance Professor Jeremy Siegel giving his projections for the new year. Professor Siegel talks about the latest jobs report, jobless claims dropping, inflation, Dow Jones Industrial, and more. Then Jeremy Schwartz brings on John Davi of Astoria Advisors to discuss investing in 2023 from the S&P, momentum, the energy sector, and commodities to bonds and alternatives vs equities. Guest: John Davi - CEO and CIO of Astoria Portfolio Advisors For more on Astoria, visit their website: https://www.astoriaadvisors.com/ Follow Astoria on Twitter: @AstoriaAdvisors Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Steven Hou Dec 23, 2022

Show from 12/23/22 Wharton Finance Professor Jeremy Siegel starts the final episode of 2022 talking about favorable inflation data, fed year end projections, earnings growth, labor, wages, and more. The Jeremy Schwartz brings on an expert on systematic equity strategies from Bloomberg. They talk about the structural drivers of inflation, the cheapening energy sector, shifting S&P indexes, pricing power, and suggested commodities. Happy Holidays from everyone on The Behind the Markets production team! See you in 2023 Guests: Steven Hou - Quantitative Researcher at Bloomberg LP Follow Steve on Twitter: @stevehouf Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Bob Pisani Dec 16, 2022

Show from 12/16/22 Wharton Finance Professor Jeremy Siegel kicks off the show with his weekly market update. He talks about the Fed, raising rates, and what he feels is incorrect data from BLS. Then, Bob Pisani joins Host Jeremy Schwartz to discuss markets and market history and his upcoming book "Shut Up and Keep Talking: Lessons on Life and Investing From the Floor of the New York Stock Exchange". Guest: Bob Pisani- CNBC On-Air Stocks Editor, he also covers initial public offerings (IPOs), exchange-traded funds (ETFs) and financial market structure for CNBC For more from Bob visit: https://www.cnbc.com/trader-talk/ Follow Bob on Twitter: @BobPisani Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Nitesh Shah & Aneeka Gupta Dec 09, 2022

Show from 12/9/22 Wharton Finance Professor Jeremy Siegel starts the show with his market update talking about the Fed, inflation, labor costs, rising productivity, and GDP. Host Jeremy Schwartz broadcasts from London and discusses the global macro and European markets with his colleagues who are experts in the space. They discuss ESG investing, the energy sector in the wake of the Russia Ukraine war, commodities, and more. Guests: Nitesh Shah – Head of Commodities & Macroeconomic Research, WisdomTree Europe Follow Nitesh on Twitter for the latest: @NiteshShahWT Follow Nitesh on LinkedIn: https://www.linkedin.com/in/nitesh-shah-7150162/?originalSubdomain=uk Aneeka Gupta – Equity & Commodity Strategist, WisdomTree Europe Follow Aneeka on LinkedIn: https://www.linkedin.com/in/aneekaperis/?originalSubdomain=uk Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Robert Rich & Edward S Knotek II Dec 02, 2022

Show from 12/2/22 Wharton Finance Professor Jeremy Siegel kicks off the show with his weekly market update. He talks about the status of inflation, the money supply, unemployment, and wages. Then Host Jeremy Schwartz brings on two guests from the Federal Reserve Bank of Cleveland to further discuss inflation, trends in productivity growth, the spike in bond yields, and more. Guests: Robert Rich – Director of the Center for Inflation Research and a senior economic and policy advisor in the Research Department at the Federal Reserve For more on Robert, visit his page on the Federal Reserve’s website: https://www.clevelandfed.org/people/profiles/r/rich-robert-w Follow the Cleveland Federal Reserve on Twitter: @ClevelandFed Edward S. Knotek II – Senior vice president and the associate research director at the Federal Reserve Bank of Cleveland For more on Edward, visit his page on the Federal Reserve’s website: https://www.clevelandfed.org/people/profiles/k/knotek-edward-s-ii Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Michael McClary Nov 19, 2022

Show from 11/18/22 Wharton Finance Professor Jeremy Siegel kicks off the show with his weekly market update. He talks about the Fed, changes in the labor market, and estimates of Q4 consumer spending. Then, Michael McClary joins Host Jeremy Schwartz to discuss inflation, recession, China, and much more. Guest: Michael McClary- Chief Investment Officer of Valmark Advisers, Inc. and Valmark Financial Group, LLC Follow Valmark on Twitter: @ValmarkFG For more from Michael visit: www.etf.com/contributors/michael-mcclary Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. To obtain a prospectus containing this and other important information, call 866.909.9473 or visit WisdomTree.com. Read the prospectus carefully before you invest. There are risks associated with investing, including possible loss of principal. The Fund is actively managed and implements a strategy similar to the methodology of the TOPS® Global Equity Target Range™ Index (the “Index”), which seeks to track the performance of a cash-secured call spread option strategy. There can be no assurance that the Index or the Fund will achieve its respective investment objectives, or that the Fund will successfully implement its investment strategy. Moreover, while the Fund seeks to target returns within a prescribed range thereby minimizing downside investment loss, there can be no guarantee that an investor in the Fund will experience limited downside protection, particularly short-term investors, investors that seek to time the market and/or investors that invest over a period other than the annual period. The Fund’s options strategy will subject Fund returns to an upside limitation on returns attributable to the assets underlying the options. The Fund’s investments in options may be subject to volatile swings in price influenced by changes in the value of the underlying ETFs or other reference asset. The return on an options contract may not correlate with the return of its underlying reference asset. The Fund may utilize FLEX Options to carry out its investment strategy. FLEX Options may be less liquid than standard options, which may make it more difficult for the Fund to close out of its FLEX Options positions at desired times and prices. The Fund’s use of derivatives will give rise to leverage and derivatives can be volatile and may be less liquid than other securities. As a result, the value of an investment in the Fund may change quickly and without warning and you may lose money. Investment exposure to securities and instruments traded in non-U.S., developing or emerging markets can involve additional risks relating to political, economic, or regulatory conditions not associated with investments in U.S. securities and more developed international markets. These and other factors can make investments in the Fund more volatile and potentially less liquid than other types of investments. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile. WisdomTree Funds are distributed by Foreside Fund Services, LLC, in the U.S.Foreside Fund Services, LLC, is not affiliated with the entities mentioned.

Behind The Markets Podcast: Andrew Okrongly & Ben Clissold Nov 11, 2022

Show from 11/11/22 Wharton Finance Professor Jeremy Siegel kicks off the show with his weekly market update discussing US inflation data, housing, international exchange rates, and cryptocurrency. Then experts on the UK market join Hosts Jeremy Schwartz and Professor Siegel to talk about interest rates, quantitative easing, bonds, pensions, and more. Guests: Andrew Okrongly – Director, Model Portfolios at WisdomTree Follow Andrew on LinkedIn: https://www.linkedin.com/in/andrew-okrongly-1a572420/ Ben Clissold – Head of Fixed Income & Treasury at USS Follow Ben on LinkedIn: https://www.linkedin.com/in/ben-clissold-b4b1a017/?originalSubdomain=uk Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Sam Rines Nov 04, 2022

Show from 11/4/22 Host Jeremy Schwartz is joined by author and Managing Director at Corbu LLC, Sam Rines, to discuss Professor Siegel's view on inflation (or de-inflation), Chinese tech and markets, and trends in employment numbers, among other topics. Guest: Sam Rines - Managing Director, Corbu LLC, Author of "After Normal: Making Sense of the Global Economy" Follow the Jared on Twitter: @SamuelRines Buy Sam's book here: https://www.amazon.com/After-Normal-Making-Global-Economy/dp/1974166198 Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Jared Dillian Oct 28, 2022

Show from 10/28/22 Wharton Finance Professor Jeremy Siegel kicks off the show with his weekly market update. He talks about fluctuations in the tech market, inflation finally showing signs of slowing, and the Fed's data lagging with what's really happening in the housing market. Then, author Jared Dillian joins Host Jeremy Schwartz to discuss rate hikes, Europe's market future, and commodity trading. Guest: Jared Dillian - Editor of The Daily Dirtnap, host of Be Smart podcast, Author of "All the Evil Of This World" Follow the Jared on Twitter: @dailydirtnap For more from Jared visit www.jareddillianmoney.com/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: James Bullard Oct 21, 2022

Show from 10/21/22 Wharton Finance Professor Jeremy Siegel kicks off the show with his weekly market update. He talks about the status of inflation, the slowdown in money supply, and the inconsistencies in GDP data. Then, the 12th president of the Federal Reserve Bank of St. Louis James Bullard joins Professor Siegel and Host Jeremy Schwartz to discuss the economic events of 2022, productivity numbers, labor markets, the inverted yield curve, and more. Guest: James Bullard - Chief executive officer and 12th president of the Federal Reserve Bank of St. Louis Follow the St. Louis Fed on Twitter: @stlouisfed For more interviews with Bullard visit: https://www.stlouisfed.org/from-the-president Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: John Mousseau & Jordan Howell Oct 13, 2022

Show from 10/14/22 Wharton Finance Professor Jeremy Siegel discusses how the core rate rose above expectations, the recession, consumer expectations, and the money supply. Then Host Jeremy Schwartz broadcasts from Rowan University talking to 2 finance experts, one in the bond market and the other in ESG investing. Guest: John Mousseau – The President, Chief Executive Officer, and Director of Fixed Income at Cumberland Advisors Follow Cumberland Advisors on Twitter: @CumberlandADV For more on Cumberland Advisors, visit their website: https://www.cumber.com/ Jordan Howell, Ph.D. – Associate Professor of Sustainable Business at Rowan University Visit Jordan’s website: https://www.jordanphowell.org/ Visit Jordan’s Rowan faculty profile: https://business.rowan.edu/faculty-staff/howell_faculty.html Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Jason Draho Oct 07, 2022

Show from 10/7/22 Wharton Finance Professor Jeremy Siegel talks about the unemployment rate dropping, inflation pressures, mid-term elections, and more. Then Host Jeremy Schwartz and Head of Asset Allocation Americas of UBS Global Wealth Management Jason Draho discuss the overall macro environment, the effects of stagflation, wage growth, and economy versus the markets. Guest: Jason Draho – Head of Asset Allocation Americas of UBS Global Wealth Management and Chair of the US Investment Strategy Committee Follow Jason on LinkedIn: https://www.linkedin.com/in/jason-draho-707b064/ For more on UBS, visit their website: https://www.ubs.com/us/en.html For the latest, follow UBS on Twitter: @UBS Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Chris Miller Sep 30, 2022

Show from 9/30/22 Wharton Finance Professor Jeremy Siegel and Host Jeremy Schwartz discuss 5-10 year inflation predictions and some possible explanations on the low productivity numbers seen as of late. Then, Host Jeremy Schwartz and Chris Ganatti, global head of research at Wisdom Tree, talk to Chris Miller, economic historian and author of upcoming book "Chip War: The Fight for the World's Most Critical Technology." They get into the history of semiconductors production and supply chain, Taiwan's role in semiconductor production, and how shifting technologies will affect both chip production and geopolitics. Guest: Chris Miller- Associate Professor of International History at the Fletcher School of Law and Diplomacy at Tufts University Read more from Chris here: https://www.christophermiller.net/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Brian Spinelli Sep 23, 2022

Show from 9/23/22 Wharton Finance Professor Jeremy Siegel kicks off the show with his market update. He talks about why he thinks the fed and Powell are being too hawkish, negative GDP growth, the threat of a serious recession, UK yields, and more. Then Host Jeremy Schwartz talks to Brian Spinelli, an expert in the wealth management space about investing in a heightening recession and the death of the 60/40 model. Guest: Brian Spinelli - CFP®, AIF® Senior Wealth Advisor/Chair of Investment Committee at Halbert Hargrove For more on Brian check out his bio here: https://www.halberthargrove.com/member/brian-m-spinelli-2/ For more on Halbert Hargrove, visit their website: https://www.halberthargrove.com/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: The 2022 Jacobs Levy Quantitative Finance Conference Sep 15, 2022

Show from 9/16/22 Hosts Jeremy Schwartz and Wharton Finance Professor Jeremy Siegel broadcast from The Jacobs Levy Quantitative Finance Conference in Manhattan. Professor Siegel starts with his market update discussing housing, fed policy, the threat of recession, GDP estimates, and more. Then our hosts talk to the award winners of the 2021 Wharton-Jacobs Levy Prize for Quantitative Financial Innovation for their research on momentum investing. They discuss mutual funds, passive strategy, benchmarking, and more Guest: Narashimhan Jegadeesh - Dean's Distinguished Chair in Finance at the Goizueta Business School For more on Narashimhan, visit his faculty page: https://goizueta.emory.edu/faculty/profiles/narasimhan-jegadeesh Sheridan Titman - Walter W. McAllister Centennial Chair in Financial Services at the McCombs School of Business For more on Sheridan, visit his faculty page: https://www.mccombs.utexas.edu/faculty-and-research/faculty-directory/sheridan-titman/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Peter Boockvar Sep 08, 2022

Show from 9/9/22 Wharton Finance Professor Jeremy Siegel and Host Jeremy Schwartz discuss the slowing rate of inflation combined with rising interest rates with Peter Boockvar, Chief Investment Officer of Bleakley Financial Group and Editor of The Boock Report. They get into the questionable decisions being made by the fed, the economy in Europe, and readjustments of the labor market. Peter discusses the possible end of interest rate hikes as the economy cools. Plus a discussion on the longterm outlook of the Asian economy. Guest: Peter Boockvar - Chief Investment Officer of Bleakley Financial Group and Editor of The Boock Report on Twitter: @pboockvar Subscribe to the Boock Report here: https://boockreport.com/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Matt Topley Sep 02, 2022

Show from 9/2/22 Wharton Finance Professor Jeremy Siegel gives his market update talking about the unemployment rates, hourly earnings coming in under expectation, and ISM numbers. Then Host Jeremy Schwartz and his guest Founder & President of Lansing Street Advisors Matt Topley discuss the best way to weight your portfolio. They get into growth vs value, stocks vs bonds, fixed income, advanced planning, charitable giving, deal by deal real estate, and more. Guest: Matt Topley - the Founder & President of Lansing Street Advisors For more on Matt, visit his website: https://matttopley.com/about/ To find out more about Lansing Street Advisors, visit their website: https://www.lansingadv.com/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Robin Brooks Aug 27, 2022

Show from 8/27/22 Wharton Finance Professor Jeremy Siegel kicks off the show discussing Chair of the Federal Reserve Jerome Powell’s hawkish comments on the market, the selling off of high duration stocks and crypto, the 10-year Treasury yield’s downward spiral, and commodity prices. Then Jeremy Schwartz talks with an expert on currencies about the Powell speech, the Euro in light of the upcoming ECB meeting, Asia, and more. Guest: Robin Brooks – Managing Director and Chief Economist at the Institute of International Finance (IIF). Previously, Brooks was the Chief FX Strategist at Goldman Sachs based in New York, where he was responsible for the firm’s foreign exchange forecasts and publishing international macro research Follow Robin on Twitter: @RobinBrooksIIF Follow the IIF on Twitter: @IIF For more on the IIF, visit their website: https://www.iif.com/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Hal Brands Aug 19, 2022

Show from 8/19/22 Wharton Finance Professor Jeremy Siegel kicks off the show with his market update talking interest rate increases, earnings, and the disconnect between workers and GDP. Then, what is the path forward in US China relations? As we look at China’s conflicts with Taiwan, its military buildup, and its efforts to dominate the critical technologies, what will become of the US. Host Jeremy Schwartz talks to the author of the new book “Danger Zone: The Coming Conflict with China” about Guest: Hal Brands – Author of the new book “Danger Zone: The Coming Conflict with China.” American scholar of U.S. foreign policy. He is the Henry A. Kissinger Distinguished Professor of Global Affairs at the Johns Hopkins University School of Advanced International Studies and a Resident Scholar at the American Enterprise Institute. Purchase his book “Danger Zone” here: https://www.amazon.com/Danger-Zone-Coming-Conflict-China/dp/1324021306 Follow Hal on Twitter - @HalBrands Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Chris Gannatti, Blake Heimann, & Jeff Weniger Aug 12, 2022

Show from 8/12/22 Wharton Finance Professor Jeremy Siegel starts the show with his market update discussing import prices, commodities, deterioration of the real economy, and more. Plus Guest Hosts Chris Gannatti, Blake Heimann, and Jeff Weniger discuss inflation, the corporate tax code, fed policy, and value vs growth stocks. Guest: Chris Gannatti – Head of Global Research at WisdomTree Blake Heimann - Research Analyst at WisdomTree Asset Management Jeff Weniger - CFA serves as Head of Equity Strategy at WisdomTree Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Gaurav Sinha on Investing in India Aug 05, 2022

Show from 8/5/22 Wharton Finance Professor Jeremy Siegel kicks off the show with his market update discussing GDP vs productivity reports, commodities, employment, inflation, and more. Then Host Jeremy Schwartz talks to an expert on India’s economy about banking, positive employment, privatization of businesses, and geopolitics. Guest: Guarav Sinha - Former Managing Director, Head of Americas, Global Research & Design at S&P Global For the latest, follow Guarav on LinkedIn: https://www.linkedin.com/in/gaurav-sinha-4041766/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Don Kohn & Dave Goodson Jul 28, 2022

Show from 7/29/22 As inflation increases and the Fed continues to raise interest rates, how will this effect the markets in the coming months? Hosts Jeremy Schwartz and Wharton Finance Professor Jeremy Siegel talk to the former fed vice chair about the possibility of a recession, negative growth in the money supply, food and energy prices, labor markets, and much more. Plus, a look at what is going on in fixed income with an expert on mortgage and securitized credit. Guests: Don Kohn – Former Fed Vice Chair, Senior Fellow at the Brookings Institution Follow the Brookings Institution on Twitter: @BrookingsInst For more on Donald Kohn, visit his page on the Brookings Institution website: https://www.brookings.edu/experts/donald-kohn/ Dave Goodson – Head of Securitized Fixed Income and Senior Portfolio Manager at Voya Investment Management For more on Voya Investment Management, visit their website: https://investments.voya.com/ Follow Voya Investment Management on Twitter: @VoyaInvestments Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Tobias Harris & Jeff Weniger Jul 22, 2022

Show from 7/22/22 How are the markets responding to the upcoming Fed meeting? Will there be more interest rate hikes? Host Jeremy Schwartz and Co-Host Jeff Weniger discuss that and more during the market update. Then, they bring on a Japan expert to discuss the state of the country after the death of Shinzo Abe. Guest: Tobias Harris – Author of the book “The Iconoclast: Shinzo Abe and the New Japan” and the Senior Fellow at the Asia at the Center for American Progress Purchase his book here: https://www.amazon.com/Iconoclast-Shinzo-Abe-New-Japan/dp/1787383105 For more information on the Center for American Progress visit their website: https://www.americanprogress.org Follow the Center for American Progress on Twitter: @amprog Jeff Weniger – Head of Equity Strategy at WisdomTree Asset Management Follow Jeff on Twitter: @JeffWeniger Follow Jeff on LinkedIn: https://www.linkedin.com/in/jeffweniger/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: John Davi & Bruce Lavine Jul 14, 2022

Show from 7/15/22 Wharton Finance Professor Jeremy Siegel kicks off the show talking about the night market rally, inflation, retail sales, and more. Then, how can you create a well balanced, inflation sensitive portfolio? How can you account for the Night effect? Host Jeremy Shwartz brings on two experts to discuss everything from energy stocks and risk averse portfolio modeling to ETFs and the night effect. Guest: John Davi – CIO and Founder of Astoria Advisors Follow John on LinkedIn: https://www.linkedin.com/in/john-davi-93414510/ For the latest, follow John on Twitter: @AstoriaAdvisors For more on Astoria Advisors, visit their website: https://www.astoriaadvisors.com/ Bruce Levine – Founder and CEO of NightShares Follow Bruce on LinkedIn: https://www.linkedin.com/in/bruce-lavine-bb05434/ For more on NIghtShares, visit their website: https://www.nightshares.com/

Behind The Markets Podcast: Rob Thummel Jul 08, 2022

Show from 7/8/22 This week on Behind the Markets, Wharton Finance Professor Jeremy Siegel joins to give his market update. He covers everything from the jobs report to interest rates. Then, Host Jeremy Schwartz takes a deep dive into the energy sector with an expert from TortoiseEcofin. What is the possibility of accessing oil infrastructure in North America? Where are the best opportunities in Energy? Tune in to find out. Guest: Rob Thummel - Managing Director, Senior Portfolio Manager and Investment Strategist – Energy at TortoiseEcofin For the latest, follow Rob on Twitter: @thummelrob Follow TortoiseEcofin on Twitter: @TortoiseEcofin For more on TortoiseEcofin, check out their website: https://tortoiseecofin.com/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Marko Papic Jul 01, 2022

Show from 7/1/22 This week on Behind the Markets Wharton Finance Professor Jeremy Siegel joins to give his take on the market from negative GDP reports and the possibility of a recession to unemployment rates. Then, will the Russia-Ukraine crisis continue to impact oil? Will there be a harder push for green energy and how will that impact commodities? Host Jeremy Schwartz and Co-Host Liqian Ren talk to an expert on geopolitics about the impact of international news on asset markets. Guest: Marko Papic - Partner and chief strategist at Clocktower Group, an alternative investment asset management firm. He leads the firm's Strategy Team, providing bespoke research to clients and partners on geopolitics, macroeconomics, and markets. Follow Marko on LinkedIn: https://www.linkedin.com/in/marko-papic-geopolitics/ For more on Clocktower, visit their website: https://www.clocktowergroup.com/ For the latest, follow Marko on Twitter: @Geo_papic Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Jim Masturzo Jun 24, 2022

Show from 6/24/22 This week on Behind the Markets Wharton Finance Professor Jeremy Siegel joins to give his market update discussing rising inflation, commodities, and earnings. Then Host Jeremy Schwartz talks inflation indicators, asset allocation, building expected returns for commodities, growth vs value, and more with Jim Masturzo of Research Affiliates. Guest: Jim Masturzo – Partner and CIO of Multi-Asset Strategies of Research Affiliates For more on Research Affiliates, visit their website: https://www.researchaffiliates.com/home Follow Jim on Twitter: @JimMasturzoII Follow Jim on LinkedIn: https://www.linkedin.com/in/jimmasturzo/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Ed Morse & John Silvia Jun 17, 2022

Show from 6/17/22 This week on Behind the Markets Wharton Finance Professor Jeremy Siegel kicks off the show discussing negative GDP growth, recession, oil prices, and more. Then Host Jeremy Schwartz brings on an expert to talk about the state of commodities and supply chains. Plus a long time economic strategist joins the show to cover fed policy, the macro, and global trade. Guest: Ed Morse – Managing Director, Global Head of Commodity Research - Citi Group For more on Citi, visit their website: https://www.citigroup.com/citi/ For the latest news, follow Citi Research on Twitter: @CitiResearch Follow Ed on LinkedIn: https://www.linkedin.com/in/edward-morse-3440157/ John Silvia – Dynamic Economic Strategy. John recently retired from his position as Managing Director and Chief Economist for Wells Fargo For more on John, visit his website: https://www.johnesilvia.com/about-john/ For the latest, follow John on Twitter: @JohnESilviaPhD Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Jason Hsu Jun 09, 2022

Show from 6/10/22 This week on Behind the Markets, Host Jeremy Schwartz and Co-Host Liqian Ren interview an expert on investing in using alpha-driven strategies blended with behavioral finance. They discuss capturing alpha through value with quality, growth sectors in China based on local insights, how to use probabilities when investing, and more. Then, in the second half of the program, Wharton Finance Professor Jeremy Siegel joins to discuss inflation reports. Guest: Jason Hsu – Founder and chairman of Rayliant Global Advisors For more on Rayliant Global Advisors, visit their website: https://rayliant.com/ Follow Jason on Twitter: @hsu_jason Follow Rayliant Global Advisors on Twitter: @rayliant Liqian Ren - Director of Modern Alpha at WisdomTree Asset Management Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: WookieeIndex May 27, 2022

Show from 5/27/22 This week on Behind the Markets, Wharton Finance Professor Jeremy Siegel goes through his market update from the long bond, money supply, and loans to inflation and oil prices. Then, what is the future or cryptocurrency and what can it be used for? Host Jeremy Schwartz talks to an expert on cryptocurrency about the investing risks as well as the benefits and potential credits. They also debunk the popularized narrative of bitcoin being the new digital gold. Guest: WookieeIndex – Anonymous twitter handle. He is an engineer and focuses on Cryptocurrency at his day job. Follow him on Twitter: @WookieeIndex Check out his substack here: furballfinancial.substack.com Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Andrew Beer May 20, 2022

Show from 5/20/22 This week on Behind the Markets, Wharton Finance Professor Jeremy Siegel talks Walmart/ Target, GDP, money supply, and commodity prices. Then, what are the key issues for hedge funds? How should you manage your investments in this inflated environment? Host Jeremy Schwartz discusses hedging risks, how often to trade managed futures, long short strategies, and more with Founder of Dynamic Beta Andrew Beer. Guest: Andrew Beer – Founder and Managing member at Dynamic Beta Investments Follow Andrew on LinkedIn: https://www.linkedin.com/in/andrewdbeer/ For more on Dynamic Beta visit their website: https://www.dynamicbeta.com/ Follow Andrew on Twitter: @andrewdbeer1 Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Eric Ervin May 13, 2022

Show from 5/13/22 Wharton Finance Professor Jeremy Siegel kicks off the show talking real estate, rising gasoline prices, worsening inflation, new normal real interest rate for the 10 year and more. Then, why is the crypto market falling? Host Jeremy Schwartz and Co-Host Benjamin Dean talk to an expert on digital assets about stable coins and crypto ecosystem risks. Guest: Eric Ervin – Co-founder of Onramp Invest, a platform enabling investment advisors to access the crypto asset economy. Follow Eric on LinkedIn: https://www.linkedin.com/in/eric-ervin/ For more on Onramp Invest, visit their website: https://onrampinvest.com/ Follow Eric on Twitter: @eervin1 Follow Onramp Invest on Twitter: @Onrampinvest Benjamin Dean – Director of Digital Assets WisdomTree Europe Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Thomas Tzitzouris May 06, 2022

Show from 5/6/22 Wharton Finance Professor Jeremy Siegel talks fed policy, inflation, wages, and why he thinks we’re in a bear market. Then, a conversation on fixed income strategy with an expert from Strategas. Host Jeremy Schwartz brings on Thomas Tzitzouris to discuss fed funds rate, mortgage costs, the 10-year real rates, and the increasing value of the Yen. Guest: Thomas Tzitzouris - Managing Director and Head of Fixed Income Research at Strategas For more on Strategas, visit their website: https://www.strategasrp.com/ Follow Strategas on Twitter for the latest: @StrategasRP Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Scott Crowe Apr 29, 2022

Show from 4/29/22 Wharton Finance Professor Jeremy Siegel kicks off the show discussing Amazon and retail stocks, gas prices, interest rates, liquidity growth, and more. Then, how do you identify companies that are benefiting and growing from changing demand patterns in the new economy? Host Jeremy Schwartz and his guest talk about the impact of covid on the markets, working from home, and the declining need for physical retail stores. Guest: Scott Crowe - Chief Investment Officer at CenterSquare Investment management For more on CenterSquare visit their website: https://www.centersquare.com/home For the latest, follow CenterSquare on Twitter: @CtrSquare Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Jim Rogers on Commodities Apr 22, 2022

Show from 4/22/22 Wharton Finance Professor Jeremy Siegel opens up the show with his market update talking interest rates and fed policy. Then, commodity expert Jim Rogers joins Host Jeremy Schwartz for a discussion that looks at the global outlook on that asset class, what could replace the dollar, gold, and more. Guest: Jim Rogers – Founder of the Rogers International Commodity Index; Author of: Investment Biker, Adventure Capitalist, Hot Commodities, and more Follow Jim on Twitter: @iamjimrogers For more on Jim visit his website: https://www.jimrogers.com/ To purchase “Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market” visit Jim’s website: https://www.jimrogers.com/book/hot-commodities/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: John Davi on Inflation Apr 15, 2022

Show from 4/15/22 Wharton Finance Professor Jeremy Siegel talks about the future of inflation, retail sales, bond markets, and more. Then, Host Jeremy Schwartz brings on Founder and CIO at Astoria Portfolio Advisors John Davi to discuss inflation, portfolio strategy, and hedging. John suggests putting 10% of the 60/40 model into an inflation sensitive basket of securities. If inflation rises, this tactic will add incremental alpha to your portfolio. He also gets into energy, commodities, cryptocurrency, and more. Guests: John Davi - Founder, CIO at Astoria Portfolio Advisors LLC Check out Astoria Advisors' website: https://www.astoriaadvisors.com/ Follow Astoria Advisors on Twitter: @AstoriaAdvisors Jeff Weniger – Head of Equity Strategy at WisdomTree Asset Management Follow Jeff on LinkedIn: https://www.linkedin.com/in/jeffweniger/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Brian Wesbury & Brent Donnelly Apr 07, 2022

Show from 4/8/22 Wharton Finance Professor Jeremy Siegel talks Fed policy during his market update. Then, Host Jeremy Schwartz and Guest Host Kevin Flanagan cover the latest financial conditions. They take a deep dive into interest rates, inflation pressures, US vs Europe and more with experts in the space. Guests: Brian Wesbury - Chief Economist at First Trust Advisors For more on First Trust Advisors, visit their website: https://www.ftportfolios.com/ Check out his blog here: https://www.ftportfolios.com/retail/blogs/economics/index.aspx Follow him on LinkedIn: https://www.linkedin.com/in/brianwesbury/ Follow Brian on Twitter: @wesbury Brent Donnelly – President of Spectra Markets For more on Spectra Markets, visit their website: https://www.spectramarkets.com/ Purchase his book “Alpha Trader: The Mindset, Methodology and Mathematics of Professional Trading” here: https://www.amazon.com/Alpha-Trader-Methodology-Mathematics-Professional-ebook/dp/B095MF9JRW Follow Brent on Twitter: @donnelly_brent Sign up for Brent’s AM/FX daily macro letter: https://www.spectramarkets.com/am-fx/

Behind The Markets Podcast: Samuel Rines Apr 01, 2022

Show from 4/1/22 Wharton Finance Professor Jeremy Siegel kicks off the show with a market update. Professor Siegel gives his take on wage increases, Fed pricing, inflation, and more. Then, from agriculture and oil to commodities and inflation…how should you be forecasting for 2022? Host Jeremy Siegel talks to Samuel Rines of Corbu LLC about global markets, geopolitics, and more. Guest: Samuel Rines – Managing Director at Corbu LLC, a research intelligence advisory platform focusing on the intersection of markets, policy, and national security. He is also author of "After Normal: Making Sense of the Global Economy" Purchase his book here: https://www.amazon.com/After-Normal-Making-Global-Economy/dp/1974166198 Follow him on Twitter: @SamuelRines Follow him on LinkedIn: https://www.linkedin.com/in/samuelerines/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Dan Gunsberg & Caitlin Cook Mar 25, 2022

Show from 3/25/22 Wharton Finance Professor Jeremy Siegel kicks off the show with his market update discussing bonds crashing, the spike in yields, fed policy, bitcoin, and more. Then, how can you effectively trade cryptocurrency? What are the security risks? Host Jeremy Schwartz talks security and decentralization of bitcoin, Solana, Ethereum, and more with two experts in the cryptocurrency space. Guest: Caitlin Cook – Head of community and vice president of operations at Onramp Academy For more on Onramp Academy visit their website: https://academy.onrampinvest.com/ Follow Onramp on Twitter: @OnrampAcademy Follow Caitlin on LinkedIn: https://www.linkedin.com/in/caitlincook22/ Dan Gunsberg – Co-Founder and CEO of HXRO Foundation For more on HXRO visit their website: https://hxro.network Follow Dan on LinkedIn: https://www.linkedin.com/in/daniel-gunsberg-9986901a2/?originalSubdomain=bm Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Ruchir Sharma Mar 18, 2022

Show from 3/18/22 Host Jeremy Schwartz talks emerging markets with the new Chairman of International Business at Rockefeller Capital Ruchir Sharma. Emerging markets have been a difficult place to invest recently. Ruchir discusses the trend towards international investing, short tech vs long commodities, China, and more. Guest: Ruchir Sharma – chairman of international business at Rockefeller Capital A NY Times article about Ruchir: https://www.nytimes.com/2022/02/10/business/ruchir-sharma-rockefeller-capital.html Follow Rockefeller Capital Management on Twitter: @RockCapMgmt For more on Rockefeller Capital Management’s visit their website: https://rcm.rockco.com/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Jim Bianco & Jeff Weniger Mar 11, 2022

Show from 3/11/22 Wharton Finance Professor Jeremy Siegel kicks off the show with his market update covering rising inflation, stocks vs bonds, earnings, and more. Then, what are the biggest market trends? How can we look to the inverted yield curve as a predictor of market health? What is the future of the commodity market considering the Russia - Ukraine War? Jeremy Schwartz talks to an expert on global macro. Guests: Jim Bianco – Bianco Research Follow Bianco Research on Twitter: @biancoresearch For more on Bianco Research visit their website: https://www.biancoresearch.com/visitor-home/ Jeff Weniger – Head of Equity Strategy at WisdomTree Asset Management Follow Jeff on LinkedIn: https://www.linkedin.com/in/jeffweniger/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind the Markets Podcast: Chrissy Bargeron & Gareth Shepherd Mar 04, 2022

Show from 3/4/22 Wharton Finance Professor Jeremy Siegel starts the show with his market update discussing the impact of the Russian/ Ukraine crisis, commodity and oil prices, the employment report, inflation and more. Then, what are the most powerful machine learning patterns? How can you manage overlapping data when working with competition on modeling? Host Jeremy Schwartz talks to two guests in the machine learning and AI modeling space about how to apply these techniques in quantitative investing. They get into the intricacies of setting up the data set, pattern recognition, and prediction time frames. Guests: Chrissy Bargeron – Client Portfolio manager at Voya Investment Management Gareth Shepherd – Co-head of equity machine intelligence (EMI) and a portfolio manager at Voya Investment Management For more on Voya Investment Management visit their website: https://investments.voya.com/ For the latest news follow Voya on Twitter: @Voya

Behind the Markets Podcast Special: St. Louis Fed President Jim Bullard Feb 25, 2022

Show from 2/25/22 Wharton Finance Professor Jeremy Siegel and Host Jeremy Schwartz discuss high inflation and the Russia/ Ukraine crisis with President of the Federal Reserve Bank of St. Louis James Bullard. They get into Russia’s attack on the Ukraine and the impact this will have on markets, the continued reopening after Omicron, unemployment, housing, and more. James Bullard says he would like to see the Fed policy rate at over 1% and the balance sheet runoff begin in the second quarter by July 1st. Plus a look at the state of cryptocurrency Guest: James Bullard - Chief executive officer and 12th president of the Federal Reserve Bank of St. Louis Follow the St. Louis Fed on Twitter: @stlouisfed For more interviews with Bullard visit: https://www.stlouisfed.org/from-the-president Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Josh Young & Nitesh Shah Feb 18, 2022

Show from 2/18/22 Wharton Finance Professor Jeremy Siegel kicks off the show with his market update discussing the consumer and producer price indexes, import prices, the Russia/ Ukraine situation, and more. Then, what is the current state of the demand and supply of oil? Jeremy Schwartz brings on an expert on oil and energy stocks. They get into the issue of underinvestment in oil and the lack of discovery over the years. Plus, trading through the futures market. What is the impact of backwardation in the oil and energy sector? Guests: Josh Young – Founder and Chief Investment Officer at Bison Interests For more on Bison Interests, visit their website: https://bisoninterests.com/ Follow Bison Interests on Twitter: @BisonInterests Follow Josh on Twitter: @Josh_Young_1 Nitesh Shah – Head of Commodities & Macroeconomic Research, WisdomTree Europe Follow Nitesh on LinkedIn: https://www.linkedin.com/in/nitesh-shah-7150162/?originalSubdomain=uk Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Dave Donabedian & Kevin Flannagan Feb 11, 2022

Show from 2/11/22 Wharton Finance Professor Jeremy Siegel kicks off the show with his market update discussing worsening inflation, high duration stocks, and more. Then, how should you navigate fixed income strategy in the current market? Host Jeremy Schwartz talks to an expert in the space about managing duration risk and balancing portfolios. Plus, volatility in the Fed cycle, earnings, goods consumption and more with the chief investment officer at CIBC Private Wealth Management. Guests: Dave Donabedian – Chief Investment Officer for CIBC Private Wealth Management Follow him on Twitter: @ddonabedian For more on CIBC visit their website: https://private-wealth.us.cibc.com/ Kevin Flanagan – Senior Fixed Income Strategist at WisdomTree Asset Management Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: J.C. Parets Feb 04, 2022

Show from 2/4/22 Wharton Finance Professor Jeremy Siegel kicks off the show with his market updates from the bond market and earnings to inflation. What is the impact of the positive jobs report? Will the Fed raise rates? Professor Siegel answers these questions and more. Then, the commodity supercycle, gold, and interest rates. Host Jeremy Schwartz talks to the founder of All Star Charts, a technical analysis publication, to see how he measures key performance indicators. Guest: J.C. Parets – CEO and Founder of All Star Charts Follow JC on Twitter: @allstarcharts For more on All Star Charts visit their website: https://allcharts.com Check out the All Star Charts podcast on Technical Analysis Radio: https://allcharts.com/podcast/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Wes Gray & Harris Kupperman Jan 28, 2022

Show from 1/28/22 Wharton Finance Professor Jeremy Siegel kicks off the show with market news. Professor Siegel discusses Powell and worsening inflation, stock rotation, supply shortages, and more. Then Host Jeremy Schwartz talks value rotation and 2022 market outlook with two experts in the space. Founder and CIO of Praetorian Capital Harris Kupperman and Founder, CEO, and Chief Investment Officer of Alpha Architect Wes Gray get into what is driving oil prices, the value of gold, real estate markets, overvalued stocks, and more. Guest: Harris Kupperman – Founder and CIO of Praetorian Capital. He is also Chairman and CEO of Mongolia Growth Group. Check out his blog “Adventures in Capitalism”: https://adventuresincapitalism.com/ For more on Praetorian Capital check out their website: https://www.praetorianvc.com/praetoriancapital/ For more on Mongolia Growth Group visit their website: http://mongoliagrowthgroup.com/ Wes Gray - Founder, CEO, and Chief Investment Officer of Alpha Architect For more on Alpha Architect visit their website: https://alphaarchitect.com/ Follow Alpha Architect on Twitter: @alphaarchitect Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: David George Jan 21, 2022

Show from 1/21/22 Wharton Finance Professor Jeremy Siegel kicks off the show with his weekly market update. According to the professor, the 10-year treasury yield is down due to volatility, value stocks are doing well, and there is increased hawkishness due to inflationary pressure. Then, how will banks and financials do in 2022 with the threat of rising rates? Host Jeremy Schwartz talks to Managing Director and Senior Bank Analyst at Robert W. Baird & Co. who covers US banks about macro vs micro, loan to deposit ratios and liquidity, loan demand, and more. Guest: David George – Managing Director and Senior Bank Analyst at Robert W. Baird & Co. Follow David on LinkedIn: https://www.linkedin.com/in/david-george-cfa-0a11506/ Follow Baird on Twitter: @rwbaird Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz A current listing of all companies covered by Baird U.S. Equity Research and applicable research disclosures can be accessed at http://www.rwbaird.com/research-insights/research/coverage/third-party-research-disclosures.aspx Robert W. Baird & Co. Incorporated and/or its affiliates have been compensated by these companies for non-investment banking-securities related services in the past 12 months. ASB, BAC, TFC, JPM, RF,FITB,SFNC, WFC, KEY

Behind The Markets Podcast: Harindra De Silva Jan 14, 2022

Show from 1/14/22 How do you manage your portfolios? Interested in factor investing? Host Jeremy Schwartz talks to Harindra de Silva of Analytic Investors about rotating factor investing, shorting, and the influence of the pandemic on investing. Harin says we should think of the world through factors, “you have to consider where we are in the cycle, which factors should be important, and what we are seeing in returns.” He also mentions machine learning and says investors can use this to identify which stocks are factor driven by evaluating the historic and high frequency data to see which factors expand their returns. Wharton Finance Professor Jeremy Siegel also joins to give his market update discussing continued inflation, volatility, growth vs value stocks, and more. Guest: Harindra de Silva - Portfolio Manager at Analytic Investors For more information on Analytic Investors visit their website: https://www.allspringglobal.com/investments/teams/detail.html?id=analytic-investors# Follow Harin on LinkedIn: https://www.linkedin.com/in/harindra-de-silva-4a72212/ Follow Allspring Global Investments on Twitter: @Allspring Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Greg Valliere Jan 07, 2022

Show from 1/7/21 Wharton Finance Professor Jeremy Siegel kicks off the new year with his market projections. The professor discusses the 10 year bond breaking through its previous high and hitting 180, WTI touching 80, and the possibility of the fed slowing the inflation rate. Then Hosts Jeremy Schwartz and Jeremy Siegel bring on a Fed expert. They talk about environmental proposals, more funding for universal pre-kindergarten, fiscal stimulus, the covid response, the regulatory climate, and more. Guest: Greg Valliere – Chief U.S. Policy Strategist at AGF Investments For more on AGF Investments visit their website: https://www.agf.com/us/index.jsp Follow AGF on Twitter: @agf Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Tim Duy Jan 06, 2022

Show from 1/7/21 Host Jeremy Schwartz talks to a well-known Fed watcher about rate hikes, pressure on wages, job growth, the 10 year and the shape of the yield curve. They discuss the long-term outlook and the possibility of a positive yield environment. Guest: Tim Duy – Professor of Economics at the University of Oregon and Chief US Economist for SGH Macro Advisors Follow Tim on Twitter: @TimDuy For more on SGH Macro Advisors visit their website: https://www.sghmacro.com/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Michael Batnick & Larry Cermak Dec 24, 2021

Show from 12/24/21 In this Behind the Markets holiday special, Host Jeremy Schwartz talks with cryptocurrency experts about the future of the market in 2022. In 2021 Tesla bought bitcoin and it kickstarted interest in crypto, but how will this asset class look going forward? VP of Research at The Block Larry Cermak says that stable coins are already changing many aspects of how we function today such as funding non-crypto VC deals. They discuss bitcoin mining, Ethereum, NFTs, the metaverse, and more. Guests: Michael Batnick – Director of Research at Ritholtz Wealth Management For more on Ritholtz Wealth Management visit their website: https://ritholtzwealth.com/ Follow Michael on Twitter: @michaelbatnick Follow Ritholtz Wealth Management on Twitter: @RitholtzWealth Listen to his podcast “Animal Spirits”: https://podcasts.apple.com/us/podcast/animal-spirits-podcast/id1310192007 Larry Cermak – VP of Research at The Block For more on The Block visit their website: https://www.theblockcrypto.com/ Follow Larry on Twitter: @lawmaster Follow The Block on Twitter: @TheBlock__ Benjamin Dean – Director of Digital Assets at WisdomTree in Europe Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Jay Jacobs Dec 16, 2021

Show from 12/17/21 Host Jeremy Schwartz talks to Jay Jacobs, an expert on disruptive growth technologies, about his new report Charting Disruption 2022 Thematic Outlook. They get into the fed’s influence on markets, reopening stocks, ecommerce, cloud computing, China, and more. Guest: Jay Jacobs – SVP, Head of Research & Strategy at Global X ETFs Read Jay’s “Charting Disruption 2022 Thematic Outlook: https://www.globenewswire.com/news-release/2021/12/08/2348404/0/en/Global-X-ETFs-Announces-the-Release-of-its-Charting-Disruption-2022-Thematic-Outlook.html Follow Jay on Twitter: @JayJacobsCFA Follow Global X ETFs on Twitter: @GlobalXETFs Connect with Jay on LinkedIn: https://www.linkedin.com/in/jay-jacobs-cfa/ For more on Global X visit their website: https://www.globalxetfs.com/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind the Markets Podcast: Former VC of the Federal Reserve Donald Kohn Dec 16, 2021

Show from 12/17/21 Wharton Finance Professor Jeremy Siegel and Host Jeremy Schwartz talk to Former Vice Chair of the Federal Reserve Donald Kohn about inflation, the COVID-19 omicron variant, M2, inversion of the yield curve, and more. Professor Siegel notes the lagging labor force participation and its influence on inflation. Plus Donald gives his take on markets and recent fed decisions. Guest: Donald Kohn - Former Vice Chair of the Federal Reserve For more information on Donald visit the Brookings Institution website: https://www.brookings.edu/experts/donald-kohn/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: David Cohen & Matthew Patterson Dec 10, 2021

Show from 12/10/21 Wharton Finance Professor Jeremy Siegel kicks off the show with inflation, interest rates, the fed, and equity markets. Then what is the future of handls? Host Jeremy Schwartz and Guest Host Rick Harper talk to the co-founders of HANDL Indexes, a company trying to respond to the income needs of investors and create a better alternative. They discuss closed-end funds, leverage limitations, ETFs, volatility, and more. Guests: David Cohen – Co-Founder of HANDL Indexes Follow David on LinkedIn: https://www.linkedin.com/in/david-cohen-3810a45/ For more on HANDL Indexes visit their website: https://www.handlsindexes.com/ Matthew Patterson - Co-Founder of HANDL Indexes Follow Matthew on LinkedIn: https://www.linkedin.com/in/pattersonmatthew/ Rick Harper – Head of Fixed Income and Currency at WisdomTree Asset Management Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Phil Huber Dec 03, 2021

Show from 12/3/21 Wharton Finance Professor Jeremy Siegel starts the show with his weekly market update noting the strong employment report, the yield curve, the long bond, and more. Then, are you interested in alternative asset classes? In this episode of Behind the Markets Host Jeremy Schwartz and Guest Host Chris Gannatti talk to the author of “The Allocator’s Edge” about the shifting landscape for traditional portfolios, asset classes and strategies for alternative investments, and sharpening client skills to manage expectations. They discuss everything from private equity, hedge funds, catastrophe reinsurance, and real assets to non-traditional credit. Guests: Phil Huber – CIO of Savant Wealth Management and author of “The Allocator's Edge: A Modern Guide to Alternative Investments and the Future of Diversification” Click here to purchase Phil’s book: https://www.amazon.com/Phil-Huber/e/B097TRDTD2%3Fref=dbs_a_mng_rwt_scns_share Follow him on Twitter: @bpsandpieces For more on Savant Wealth Management visit their website: https://savantwealth.com/employee/philip-r-huber/ Christopher Gannatti - Head Of Research, Europe at WisdomTree Asset Management Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Damon Ficklin Nov 19, 2021

Show from 11/19/21 Wharton Finance Professor Jeremy Siegel kicks off the show discussing the impact of the COVID surge in Europe, inflation, Fed tapering, and more. Then Host Jeremy Schwartz talks with a growth expert from Polen Capital about portfolio strategy. They discuss the importance of market valuation, evaluating the performance of individual companies, and exposure in the US vs globally. Guest: Damon Ficklin – Head of Team, Portfolio Manager & Analyst at Polen Capital For more on Polen Capital visit their website: https://www.polencapital.com/people/damon-ficklin For the latest, follow Polen Capital on Twitter: @PolenCapital Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Aaron Klein Nov 11, 2021

Show from 11/12/21 Wharton Finance Professor Jeremy Siegel starts the show with his market update covering the latest inflation news, oil prices, wages, supply constraints and more. Then, how can you use data to make informed risk related decisions in the Fintech market? Host Jeremy Schwartz and Guest Host Ryan Krystopowicz discuss data analytics, risk management, and the macro view on model portfolios with an expert in the Fintech space. Guest: Aaron Klein – Founder and CEO of Riskalyze Follow Aaron on Twitter: @AaronKlein Follow Riskalyze on Twitter: @Riskalyze For more on Riskalyze visit their website: https://www.riskalyze.com/ Ryan S. Krystopowicz – Associate Director, Product Solutions Strategist-Model Portfolios at WisdomTree Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Definitions: Consumer Price Index (CPI): A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. Producer Price Index (PPI): weighted index of prices measured at the wholesale, or producer level. Long bond is often a term used to refer to the longest maturity bond offering from the U.S. Treasury, the 30-year Treasury bond. Inverted Yield Curve : An interest rate environment in which long-term debt instruments have a lower yield than short-term debt instruments of the same credit quality. OS stands for operating system, in this context is used to convey the solutions that can be plugged-in / integrated into the actual foundation / platform the advisor is using. Professor Siegel commented the Fed could be at risk of inverting the curve- as he believes the Fed will have to hike short-term interest rates to 2-3% to combat inflation, and the way the 10-year bond is trading, it risks having short rates rise above long-term rates (inverted curve).

Behind The Markets Podcast: Warren Pies Nov 04, 2021

Show from 11/5/21 Wharton Finance Professor Jeremy Siegel delivers a positive market update this week. He says Powell is not worried about inflation or rate increases, employment numbers are above expectations, and reopening trades are doing well. Then, how should you think about quantitative models and research? Host Jeremy Schwartz talks to the founder of 3Fourteen Research where they run regression trend lines through every market to ensure accuracy of data. All that and more. Guest: Warren Pies – Founder and Strategist at 3Fourteen Research Follow Warren on Twitter: @WarrenPies For more on 3Fourteen Research visit their website: https://www.3fourteenresearch.com/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind the Markets Podcast: Michael McClary Oct 29, 2021

Show from 10/29/21 Wharton Finance Professor Jeremy Siegel starts the show with his weekly market update. He discusses the 1.3% increase in the Employment Cost Index, inflation, labor costs, fed pricing and more. Then Host Jeremy Schwartz brings on an ETF expert from Valmark Advisers, Inc. They get into common mistakes made when building portfolios such as active management and decisions based on one variable. Plus a look at Valmark Advisers, LLC’s new index focused on equities. Guest: Michael McClary – Chief Investment Officer at ValMark Advisers, Inc For more on ValMark Advisors visit their website: https://www.valmarkfg.com/site/ Follow ValMark on Twitter: @ValmarkFG Definitions: Put option: an option to sell assets at an agreed price on or before a particular date. Call options: Financial contracts that give the option buyer the right, but not the obligation, to buy a stock, bond, commodity or other asset or instrument at a specified price within a specific time period. Long/short: An investing strategy that takes long positions in stocks that are expected to appreciate and short positions in stocks that are expected to decline. In the money: An in-the-money call option is an option with a strike price below the current market price. Out of the money: An out-of-the-money call option is an option with a strike price above the current market price. Strike Price: The set price at which a derivative contract can be bought or sold when it is exercised.

Behind The Markets Podcast: Larry Adam Oct 22, 2021

Show from 10/22/21 Wharton Finance Professor Jeremy Siegel kicks off the show with his market outlook. What are possible supply side disruptions? What are the current inflation expectations? Then Host Jeremy Schwartz brings on the Chief Investment Officer at Raymond James to discuss market strategy and portfolio management. They cover everything from earnings growth and inflation pressures to energy prices. Guest: Larry Adam – Chief Investment Officer at Raymond James Follow him on Twitter: @LarryAdamRJ For more on Raymond James visit their website: https://www.raymondjames.com/palmerplanellswealth/larry-adam.htm#:~:text=Larry%20Adam%20joined%20Raymond%20James,Deutsche%20Bank%20Private%20Wealth%20Management. Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Ken Gavrity Oct 15, 2021

Show from 10/15/21 Host Jeremy Schwartz talks to an expert on the Fintech space to discuss the growing ecommerce space. They discuss changing payment flows, incorporating new software, improved transactions, and more. They get into all of the new ways businesses are working to digitize commerce. Guest: Ken Gavrity – Executive Vice President and Head of Enterprise Payments, KeyCorp For more on KeyBank visit their website: https://www.key.com/about/index.jsp Follow KeyBank on Twitter: @keybank

Behind The Markets Podcast: Marc Chandler Oct 15, 2021

Show from 10/15/21 Wharton Finance Professor Jeremy Siegel kicks off the show with the topic on everyone’s mind, inflation. He discusses the impact on housing and gasoline and says his biggest fear is an accelerated tightening. According to Professor Siegel, bitcoin is the new hedge against inflation instead of gold. Then, Host Jeremy Schwartz brings on Marc Chandler of Bannockburn Global Forex to discuss global currencies, the dollar, China, emerging markets, and much more. Guest: Marc Chandler – Chief Market Strategist at Bannockburn Global Forex. He writes a widely followed blog called Marc to Market. Follow him on Twitter: @marcmakingsense Check out his Marc Chandler's articles here: http://www.marctomarket.com/2019/07/intervention-huff-puff-and-bluff.html

Behind The Markets Podcast: Corey Hoffstein & Rodrigo Gordillo Oct 08, 2021

Show from 10/8/21 Wharton Finance Professor Jeremy Siegel kicks off the show with his market update discussing the employment report, fed posture, volatility in overseas commodities, and more. Then, are you interested in using an adaptive approach to investing? Host Jeremy Schwartz brings on the authors of a new paper titled “Return Stacking” about how to leverage to boost returns. Learn how to create an inflation sensitive basket of commodities, emerging market currencies, and more. Guest: Corey Hoffstein – Co-Founder and Chief Investment Officer of Newfound Research. Co-author of a new paper called “Return Stacking.” For more on Newfound Research visit their website: https://www.thinknewfound.com/ Follow him on Twitter: @choffstein Listen to his podcast here: https://blog.thinknewfound.com/podcast/ Rodrigo Gordillo – President and Portfolio Manager at Resolve Asset Management. Co-author of the book “Adaptive: Asset Allocation, Dynamic Global Portfolios Profits in Good Times and Bad.” Co-author of a new paper called “Return Stacking.” Follow him on Twitter: @RodGordilloP For more on Resolve Asset Management visit their website: https://investresolve.com/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Definitions: CRB index: Commodity Research Bureau Index acts as a representative indicator of today's global commodity markets. It measures the aggregated price direction of various commodity sectors. CPI: Consumer Price Index is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them. PPI: Producer Price Index measures the average change over time in the selling prices received by domestic producers for their output. The prices included in the PPI are from the first commercial transaction for many products and some services. TIPS: Treasury Inflation Protected Securities. Derivative: a security whose value is determined by another asset. Sharpe ratio: Measure of risk-adjusted return. Higher values indicate greater return per unit of risk, specifically standard deviation, which is viewed as being desirable. Beta: A measure of the volatility of a security or a portfolio in comparison to a benchmark. In general, a beta less than 1 indicates that the investment is less volatile than the benchmark, while a beta more than 1 indicates that the investment is more volatile than the benchmark. Coupons: The annual interest rate stated on a bond when it’s issued. The coupon is typically paid semiannually. This is also referred to as the “coupon rate” or “coupon percent rate. Basis point: 1/100th of 1 percent. Drawdown: Periods of sustained negative trends of return. Put option: an option to sell assets at an agreed price on or before a particular date.

Behind The Markets Podcast: Mary D'Onofrio, Kara Marciscano, & Liqian Ren Oct 01, 2021

Show from 10/1/21 Wharton Finance Professor Jeremy Siegel shares his market updates to start the show discussing everything from volatility and inflation to CPI projections. Then Host Jeremy Schwartz brings an expert in the cloud computing space who talks about growth and efficiency scores. Fintech, security, and data infrastructure are leading in the cloud industry. Plus Director of Modern Alpha at WisdomTree Liqian Ren gives her take on China, education regulation, the Evergrande debt crisis, and more. Guests: Mary D’Onofio – partner and co-founder of the growth investment practice at Bessemer Venture Partners To find out more about Bessemer Venture Partners visit their website: www.bvp.com/ For the latest news follow BVP on Twitter: @BessemerVP Kara Marciscano- Research Analyst at Wisdomtree Liqian Ren - Director of Modern Alpha at WisdomTree Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind the Markets Podcast: Brent Donnelly Sep 24, 2021

Show from 9/24/21 Wharton Finance Professor Jeremy Siegel talks about the Fed meeting, inflation, tapering, bonds vs equities and more. Then Host Jeremy Schwartz brings on the author of a new book "Alpha Trader" to discuss specific strategies, tactics, and habits that lead to professional trading success. Guest: Brent Donnelly - President of Spectra Markets and author of Alpha Trader You can purchase his book on Amazon: Alpha Trader: The Mindset, Methodology and Mathematics of Professional Trading For more on Spectra Markets visit their website: https://www.spectramarkets.com/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Peter Mallouk Sep 17, 2021

Show from 9/17/21 Wharton Finance Professor Jeremy Siegel kicks off the show discussing the CPI and volatility in the markets.. Then, Hosts Jeremy Schwartz and Jeremy Siegel talk to an expert in the management of high net worth individuals. They get into 60/40 allocation alternatives, weighing stocks in a portfolio, risk management, and much more. Guest: Peter Mallouk - CEO of Creative Planning For more on Creative Planning visit their website: https://creativeplanning.com/ For the latest follow Creative Planning on Twitter: @CPIWealth

Behind The Markets Podcast: Benjamin Dean Sep 10, 2021

Show from 9/10/21 What are the risks and opportunities created by technological change? How does it work on an economic, social, and financial level? Host Jeremy Schwartz talks to an expert on emerging technologies about the development of cryptocurrency and the future of the market. Guest: Benjamin Dean – Director of Digital Assets at WisdomTree in Europe Follow Benjamin on LinkedIn: https://www.linkedin.com/in/benjamin-c-dean-2018/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind the Markets Podcast: Heather Callender-Potters Sep 10, 2021

Show from 9/10/21 Wharton Finance Professor Jeremy Siegel kicks off the show discussing the Covid Delta Variant’s impact on the fed, inflation risk, and the vaccine recovery plan. Then, with Covid numbers back on the rise, how can we increase vaccination rates? Host Jeremy Schwartz brings on an innovator in the health care space who talks about a needleless vaccine, compliance, and how pharma companies can advance immunization efforts. Guest: Heather Callender-Potters – Chief Advocate and Shareholder Relations Officer For more information visit PharmaJet’s website: https://pharmajet.com/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Joe Gyourko Aug 27, 2021

Show from 8/27/21 Wharton Finance Professor Jeremy Siegel kicks off the show with his market update. This week he discusses the Fed, inflation, raising rates, the gold rally, and more. Then Host Jeremy Schwartz brings on Wharton Real Estate Professor Joe Gyourko to get into real estate markets. Professor Gyourko said in the last month commercial real estate from industrial to malls are at almost pre-COVID levels. He explains how COVID accelerated trends that were happening pre-COVID and predicts for future events. Guest: Joe Gyourko - Professor of Real Estate at the Wharton School Visit his faculty page to check out his research: https://real-estate.wharton.upenn.edu/profile/gyourko/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Jens Nordvig Aug 20, 2021

Show from 8/20/21 Host Jeremy Schwartz talks to an expert on macro research about COVID forecasting, Chinese markets, developed currencies and more. Guest: Jens Nordvig: Founder & CEO of Exante Data For more on Extante Data visit their website: https://www.exantedata.com/ Follow Extante Data on Twitter: @ExanteData Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind the Markets Podcast: George Mateyo Aug 20, 2021

Show from 8/20/21 Wharton Finance Professor Jeremy Siegel joins at the start of the show to discuss the latest market news from the pandemics impact on supply chains to Chinese tech stocks. Then Host Jeremy Schwartz talks to the the Chief Investment Officer at Key Bank about identifying high quality companies that generate strong returns, equities, navigating the risk from the Delta variant and more. Guest: George Mateyo - Chief Investment Officer at KeyBank Follow him on LinkedIn: https://www.linkedin.com/in/george-mateyo-63409b13/ For more on KeyBank visit their website: https://www.key.com/personal/index.jsp Follow KeyBank on Twitter for the latest: @keybank Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast Special: Sam Rines Aug 13, 2021

Camp Kotok Special from 8/13/21 In this Behind the Markets special, we’ll get a roundup of ideas from the annual Camp Kotok meeting in rural Maine—where economists and investment advisors talk shop while fishing and hiking. Host Jeremy Schwartz and Chief Economist at Avalon Advisors Samual Rines discuss the uncertainty in market forecasting from inflation and employment to the delta variant. How can investors better understand the purpose of the portfolio before making decisions? What are the current transitory trends and how can you position around that? All that and more. Guest: Sam Rines – Chief Economist at Avalon Advisors, LLC Follow Sam on Twitter: @SamuelRines For more on Avalon Advisors visit their website: https://avalonadvisors.com/

Behind the Markets Podcast: Tom Ricketts Aug 13, 2021

Show from 8/13/21 Wharton Finance Professor Jeremy Siegel kicks off the show with his market update from PPI data to consumer trends. Then how do you balance innovation and growth investing in a portfolio? The founder of Evolutionary Tree Capital Management joins Host Jeremy Schwartz to discuss how to find leading innovators, develop them, and benefiting from that. Guest: Tom Ricketts – Founder and Chief Investment Officer at Evolutionary Tree Capital Management For more on Evolutionary Tree visit their website: https://evolutionarytree.com/ Follow Evolutionary Tree on Twitter: @ETreeCapital

Behind The Markets Podcast: Sam Burns Aug 06, 2021

Show from 8/5/21 Interested in spicing up your 60/40 spread? Host Jeremy Schwartz brings on the Founder and Chief Strategist at Mill Street Research Sam Burns to cover the latest investing trends. Sam discusses the benefit of combining top down and bottom-up inputs to analyze markets as well as how to watch for weakening risk appetite in equities. They also get into Fed policy and the recent decision to support the corporate debt market. Guest: Sam Burns – Founder and Chief Strategist at Mill Street Research Follow Mill Street Research on Twitter: @MillStResearch Find out more about Mill Street Research on their website: https://www.millstreetresearch.com/

Behind The Markets Podcast: Milton Berg Jul 29, 2021

Show from 7/31/21 Wharton Finance Professor Jeremy Siegel kicks off the show discussing the recent Fed meeting, Powell's stance on high inflation, the employment report, and the impact of the covid delta variant. Then, what's the best way to take advantage of minor fluctuations in stocks? Are we leaning towards a bear market? CEO and Chief investment Officer at MB Advisors Milton Berg gets into his firm's research methods and how to optimize your portfolio. Guest: Milton Berg - CEO and Chief Investment Officer at MB Advisors, LLC For more on MB Advisors visit their website: http://miltonberg.com/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind the Markets Podcast: Savita Subramanian Jul 23, 2021

Show from 7/23/21 Wharton Finance Professor Jeremy Siegel kicks off the show covering market news from vaccination rates and reopening the US economy to the inflation rate, and more. Then, how do you evaluate small-cap stocks? What is the best quantitative strategy and how do you measure ESG growth? Host Jeremy Schwartz discusses these topics and more with an expert in US equity strategy. Guest: Savita Subramanian - Head of U.S. equity strategy and quantitative strategy at BofA Securities. For more on BofA Securities: https://www.bofaml.com/en-us/content/about-us.html Follow her on LinkedIn: https://www.linkedin.com/in/savita-subramanian-4021571a/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind the Markets Podcast: Dan Doney Jul 15, 2021

Show from 7/16/21 Wharton Finance Professor Jeremy Siegel kicks off the show discussing the future of inflation, the 10 year under 1%, housing not being in the CPI, money supply and more. Then, Host Jeremy Schwartz and Guest Host Will Peck get into emerging technologies and digital assets with an expert in the space. Guests: Dan Doney - CEO of Securrency, Inc Follow him on LinkedIn: https://www.linkedin.com/in/ddoney/ For more on Securrency visit their website: https://securrency.com/ Follow Securrency on Twitter: @Securrency Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Marko Papic Jul 02, 2021

Show from 7/2/21 What are the implications of populism on markets? What does this mean for the US? Curious about the race to zero? Host Jeremy Schwartz discusses macro trends with Partner and Chief Strategist at Clocktower Group Marko Papic. Marko explains how the pandemic changed fiscal expectations and what the future looks like for global markets. Guest: Marko Papic - Partner and Chief Strategist at Clocktower Group Follow Marko on LinkedIn: https://www.linkedin.com/in/marko-papic-geopolitics For more on Clocktower Group visit their website: https://www.clocktowergroup.com/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Randy Watts Jun 24, 2021

Show from 6/25/21 Curious about the new inflation data? Need to know the stock/ bond outlook and what the 10-year yield looks like? Wharton Finance Professor Jeremy Siegel kicks off the show covering all that and more with his market update. Then, Host Jeremy Schwartz talks with the Chief Investment Officer for O'Neil Global Advisors about growth and momentum investing. Guest: Randy Watts - Chief Investment Officer for O'Neil Global Advisors Follow Randy on Twitter: Chief Investment Officer for O'Neil Global Advisors For more on O'Neil Global Advisors visit their website: https://www.oneilglobaladvisors.com/ The full holdings for any securities discussed in this podcast can be found here: https://www.wisdomtree.com/etfs/equity/wgro Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Jamie Metzl Jun 18, 2021

Show from 6/18/21 From reopening trades and commodity stocks to inflation and low yields, Wharton Finance Professor Jeremy Siegel takes a look at the latest market news. Then, what is the state of geopolitics? Interested in the new biorevolution, innovations transforming economies, societies, and our lives? Host Jeremy Schwartz talks to an expert on geopolitics about advancing genetics technology, the future of food production, the healthcare industry, and more. Guests: Jamie Metzl - leading technology and healthcare futurist, geopolitical expert, novelist, entrepreneur, and media commentator, founder of the global social movement OneShared.World, and an Atlantic Council Senior Fellow and Singularity University faculty member. Follow Jamie on Twitter: @JamieMetzl For more on Jamie's research visit his website: https://jamiemetzl.com/ Purchase his newest book "Hacking Darwin: Genetic Engineering and the Future of Humanity": https://www.amazon.com/Hacking-Darwin-Genetic-Engineering-Humanity/dp/1728214130 Kara Marciscano- Research Analyst at Wisdomtree Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind the Markets Podcast: Chris Acito Jun 11, 2021

Show from 6/11/21 Wharton Finance Professor Jeremy Siegel starts the show with his weekly market update discussing inflation numbers, bonds, labor markets, and more. Then Host Jeremy Schwartz talks about the four categories of alternative credit: below investment grade traded credit, structured credit, distressed debt, and private lending with the CEO and Chief Investment Officer at Gapstow Capital Partners Chris Acito. Chris outlines the process of managing risk and diversifying portfolios using alternative credit. Guest: Chris Acito - CEO & Chief Investment Officer at Gapstow Capital Partners Find out more about Gapstow by visiting their website: https://gapstow.com/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast Special on Oil Pricing Jun 04, 2021

Show from 6/2/21 In this Behind the Markets Special Jeremy Schwartz brings on an expert in the energy sector in light of the rising oil prices. Wharton Finance Professor Erik Gilje talks declining US oil production, incremental demand, OPEC and more. Guest: Erik Gilje - Assistant Professor of Finance, The Wharton School To view his research visit his faculty page: https://fnce.wharton.upenn.edu/profile/gilje/#research Mobeen Tahir - Associate Director, Research at WisdomTree in Europe

Behind The Markets Podcast: Mike Dickson Jun 04, 2021

Show from 6/4/21 Wharton Finance Professor Jeremy Siegel discusses the jobs report, hourly earnings, bond markets, and inflation. Then, interested in trying new investing models? Host Jeremy Schwartz talks to the Head of Portfolio Management at Horizon Investments Mike Dickson, a company focused on goals based planning. Mike explains how to accumulate assets and avoid losses at the same time. Guest: Mike Dickson - Head of Portfolio Management at Horizon Investments For more on Horizon Investments visit their website: https://www.horizoninvestments.com/ Follow Horizon Investments on Twitter: @HorizonInvest Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Bob Blakely, Brian Dunphy, & David Yates May 28, 2021

Show from 5/28/21 Wharton Finance Professor Jeremy Siegel starts off the show discussing the trade report deficit, the S&P 500, the upcoming employment report, and much more. Then, in light of the recent Colonial Pipeline hack, Host Jeremy Schwartz brings on a panel of cyber security experts to discuss how businesses can protect themselves against malware. What measures can you put in place to ensure your network is safe? What are steps you can take to minimize risk? All that and more. Guests: Bob Blakely - Operating Partner at Team8 For more on Team8 visit their website: https://team8.vc/ Brian Dunphy - Vice President Of Product Management at Claroty For more on Claroty visit their website: https://www.claroty.com/ David Yates - Chief Information Officer at WisdomTree Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Corey Hoffstein On Model Portfolios May 20, 2021

Show from 5/21/21 Wharton Finance Professor Jeremy Siegel opens the show talking about the Fed and inflation, bitcoin, equity markets, and more. Then Host Jeremy Schwartz discusses model portfolios with returning guest Corey Hoffstein of Newfound Research. Corey discusses how it has become harder to achieve a reasonable rate of return from an expectations perspective, risk assets, the global central banks moving into an active player role, a dramatic rise in passive investing vehicles, and a large rise in volatility contingent investors. Guest: Corey Hoffstein - Chief Investment Officer of Newfound Research For more on Newfound Research visit their website: https://www.thinknewfound.com/ Follow him on Twitter: @choffstein Listen to his podcast here: https://blog.thinknewfound.com/podcast/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Donald Kohn & James Lebenthal May 14, 2021

Show from 5/14/21 Hosts Jeremy Schwartz and Wharton Finance Professor Jeremy Siegel talk Fed news and inflation with the former federal reserve vice chairman and an expert on equity strategy. Siegel says the inflation forecast is way above expectations and the fed needs to reevaluate the way they measure it. Guests: Donald Kohn - Senior Fellow at the Brookings Institute, Former Federal Reserve Vice Chairman For more on the Brookings Institute visit their website: https://www.brookings.edu/ Follow Brookings Institute on Twitter: @BrookingsInst James Lebenthal - Equity Strategist at Cerity Partners For more on Cerity Partners visit their website: https://ceritypartners.com/ Follow James on Twitter: @jlebenthal Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast Special: Ethereum, The Triple Halving with Squish Chaos May 07, 2021

Show from 5/7/21 In this Behind the Markets Podcast special Host Jeremy Schwartz and Guest Host Corey Hoffstein talk to the brains behind the Twitter famous account SquishChaos, Nikhil Shamapant. "In the past week, I’ve spent sleepless nights working on what I believe to be an institutional grade research report on Ethereum. In my report, I will explain why I believe a $150,000 price target in the next 18 months is actually achievable. My thesis is entirely based upon the concept of “The Triple Halving,” where I show that Ethereum will have a sell pressure reduction equivalent to undergoing all three of Bitcoin’s halving events consecutively." - Squish Chaos Guests: Nikhil Shamapant - From the Twitter famous account Squish Chaos Follow Nikil on Twitter: @SquishChaos For more information on his paper please visit: https://squish.substack.com/p/ethereum-the-triple-halving Corey Hoffstein - Co-Founder and Chief Investment Officer at Newfound Research Follow Corey on Twitter: @choffstein For more on Newfound Research: https://www.thinknewfound.com/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz

Behind The Markets Podcast: Michael Heller May 07, 2021

Show from 5/7/21 Curious about how property and ownership guides our lives? Host Jeremy Schwartz and Guest Host Matthew Kress find out how businesses control the narrative to steer customers to do what they want with a Columbia Law School professor. From digital privacy to climate change and wealth inequality, our guest discusses the complex nature of engineering the feeling of ownership. Guests: Michael Heller - Lawrence A. Wien Professor of Real Estate Law at the Columbia Law School and Author of the new book "Mine! How the Hidden Rules of Ownership Control Our Lives" Visit his webpage: https://www.law.columbia.edu/faculty/michael-heller Purchase his book "Mine! How the Hidden Rules of Ownership Control Our Lives": https://www.minethebook.com/ Matthew Kress - Director of Advisor Innovation at WisdomTree Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Sailesh Radha & Drew Edwards Apr 30, 2021

Show from 4/30/21 Wharton Finance Professor Jeremy Siegel kicks off the show with the latest finance news from the GDP report to tax policy. Then, how do you manage yield forecasts? Host Jeremy Schwartz talks to the founder of Borealis Global Advisory LLC about how they developed their own version of the CAPE ratio to capture the investment attributes of emerging countries. Plus a close look at the Japanese market and small-cap stocks with the Head of Japan Value Equities at GMO. Guests: Sailesh Radha - Founder & Chief Investment Officer - Borealis Global Advisory LLC For more on Borealis Global Advisory LLC visit their website: https://borealisga.com/ Drew Edwards - Head of Japan Value Equities | Portfolio Manager at GMO For more on GMO visit their website: https://www.gmo.com/americas/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Ed Chin & Thejas Nalval Apr 22, 2021

Show from 4/23/21 We kick off this show with Wharton Finance Professor Jeremy Siegel discussing the latest market news from the capital gains tax and COVID-19 vaccinations to cryptocurrency risks. The Host Jeremy Schwartz and his Guest Co-Host Will Peck talk to experts in the digital asset space. Want to understand how Bitcoin performs globally? What trading strategies are more popular in cryptocurrency vs traditional markets? Our guests will help you be more tactical if you're interested in investing in this space. Guests: Ed Chin - Co-Founder and CEO of Parataxis Capital Thejas Nalval - Co-founder and CIO of Parataxis Capital Follow Parataxis Capital on Twitter: @parataxis_cap For more on Parataxis Capital visit their website: https://www.parataxis.io/ Will Peck - Head of Strategy Emerging Technologies at WisdomTree Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Mary D'Onofrio Apr 15, 2021

Show from 4/16/21 Are you thinking about investing in cloud companies? Host Jeremy Schwartz welcomes returning guest Mary D'Onofrio to the show to discuss the state of the cloud market. They get into pandemic driven cloud business, the M&A pipeline, IPOs, cloud software growth rates, and more. Guest: Mary D'Onofrio - Bessemer Venture Partners To find out more about Bessemer Venture Partners visit their website: https://www.bvp.com/ For the latest news follow BVP on Twitter: @BessemerVP Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Jamie McLaughlin Apr 15, 2021

Show from 4/16/21 Working in the wealth management space? Wondering where clients can get good advice? Host Jeremy Schwartz talks to an expert on wealth management consulting. They discuss ultra high net worth investing, firm economics, calculated risks, service pricing, and much more. Guest: Jamie McLaughlin - Founder and CEO of J. H. McLaughlin & Co. For more on J.H. McLaughlin & Co visit their website: https://jhmclaughlin.com/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Kai Wu & Alex Moazed Apr 09, 2021

Show from 4/19/21 Wharton Finance Professor Jeremy Siegel kicks off the show with his market update predicting a rise in inflation this year and a positive outlook for stocks. He also discusses COVID-19 vaccines. reopening the economy, and government debt. Then, what are the new technology trends and how can you best position yourself in this market? Host Jeremy Schwartz brings on two experts in the platform economy space. They get into research models, measuring platform success over time, and more. Guests: Kai Wu – Founder and CIO at Sparkline Capital an investment management firm applying state-of-the-art machine learning and computing to uncover alpha in large, unstructured data sets. For more on Sparkline Capital visit their website: https://www.sparklinecapital.com/ Follow Kai on Twitter: @ckaiwu Alex Moazed - Co-Author, Modern Monopolies Founder & CEO of Applico a business consultancy that provides services for traditional enterprises adapting to a platform business model. For more on Applico visit their website: https://www.applicoinc.com/ Follow Alex on Twitter: @AlexMoazed Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Nir Kassar & Wes Gray Mar 26, 2021

Show from 3/26/21 Yields have calmed down, personal consumption increased, and there was a 20% jump in money supply. Wharton Finance Professor Jeremy Siegel explains what this means for the economic recovery. Then two experts on ETF factor investing join Host Jeremy Schwartz to discuss low cost portfolio models. Guests: Nir Kassar - Founding Managing Member of Unison Advisors and Bloomberg columnist Read his stories here: Nir Kassar Bloomberg Columns For more on Unison Advisors visit their website: https://unisonadvisors.com/ Wes Gray - CEO of Alpha Architect Follow him on Twitter: @alphaarchitect For more on Alpha Architect visit their website: https://alphaarchitect.com/ Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Warren Pies Mar 19, 2021

Show from 3/19/21 This week's market update has Wharton Finance Professor Jeremy Siegel discussing the potential of reopening, inflation, and the state of the Federal Reserve. According to Professor Siegel, the current Fed projections seem inconsistent. Then we turn our attention to momentum funds, cyclical stocks, and more. Host Jeremy Schwartz interviews an expert conducting research on major asset classes using quantitative modeling. Guest: Warren Pies - Founder and Strategist at 3Fourteen Research Follow Warren on Twitter: @WarrenPies Follow 3Fourteen Research on Twitter: @3F_Research For more on 3Fourteen Research visit their website: https://3fourteenresearch.com/ Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Amanda Agati Mar 11, 2021

Show from 3/12/21 Wharton Finance Professor Jeremy Siegel talks market trends from the negative influence of yields on the tech sector to the impact of inflation on potential foreign buyers. Then, how will inflation impact the economy? In what ways will the switch to digital work transform the way we do business? Host Jeremy Schwartz talks to the managing director and chief investment strategist for PNC Financial Services Group about consumer behavior during a pandemic, harvesting the power of blockchain, and much more. Guest: Amanda Agati - Managing Director and Chief Investment Strategist for the PNC Financial Services Group Follow Amanda on Twitter: @AmandaAgatiPNC For more on PNC visit their website: https://www.pnc.com/en/personal-banking.html Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind the Markets Podcast: St. Louis Fed President Jim Bullard Mar 03, 2021

Show from 3/5/21 Wharton Finance Professor Jeremy Siegel and Host Jeremy Schwartz talk to the CEO of the Federal Reserve Bank of St. Louis James Bullard about the state of the economy in 2021. They discuss the positive jobs report, vaccinations, the stimulus bill, and more. Curious about the pressures of inflation? Professor Siegel raises concern about the money surge and gets Bullard's take on interest rates and debt. Guest: James Bullard - Chief executive officer and 12th president of the Federal Reserve Bank of St. Louis Follow the St. Louis Fed on Twitter: @stlouisfed For more interviews with Bullard visit: https://www.stlouisfed.org/from-the-president Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Alex Pickard Feb 25, 2021

Show from 2/26/21 Host Jeremy Schwartz and Guest Co-Host Jason Guthrie, Head of Capital Markets in Europe at WisdomTree, take a deep dive into bitcoin and cryptocurrency. They talk about the history of mining bitcoin and the future of cryptomining with an expert in the space. Guest: Alex Pickard - Research Affiliates Check out his Bitcoin thought piece: https://www.researchaffiliates.com/en_us/publications/articles/820-bitcoin-magic-internet-money.html Twitter: @AlexPickard Visit Research Affiliates' website: https://www.researchaffiliates.com/en_us/home.html Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: David Carter Feb 19, 2021

Show from 2/19/21 Wharton Finance Professor Jeremy Siegel kicks off the show with his market highlights getting into producer prices in retail, jobless claims, stimulus checks, and inflation. Then, Host Jeremy Schwartz discusses investing in the face of uncertainty with David Carter of Lenox Wealth Advisors. They get into fixed income portfolios, preferreds, Asian markets, bitcoin and more. Guests: David Carter - Chief Investment Officer for Lenox Wealth Advisors Check out Lenox Wealth Advisors' Website: https://lenox-wealth.com/ Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Ari Paul Feb 12, 2021

Show from 2/12/21 Wharton Finance Professor Jeremy Siegel delivers his market update discussing the lingering threat of inflation and bitcoin. Then Host Jeremy Schwartz and Guest Host Will Peck, Head of Strategy and Emerging Technology at WisdomTree, talk cryptoassets with an expert in the space. Find out how to navigate the bitcoin bull market, invest in cryptocurrency, and measure the value of emerging technology. Guests: Ari Paul - Co-Founder and Chief Investment Officer at BlockTower Capital Follow BlockTower Capital on Twitter: @BlockTower Check out BlockTower Capital's website: https://www.blocktower.com/ Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Sinan Aral Feb 05, 2021

Show on 2/5/21 Curious about the digital economy and how social media is driving the markets? Hosts Jeremy Schwartz and Jeremy Siegel get into the latest news about GameStop and the influence of Reddit on stocks with a professor of management, IT, marketing, and data science. They get into the influence of social media and misinformation on the future of markets. Guests: Sinan Aral - David Austin Professor of Management, IT, Marketing and Data Science at MIT, Director of the MIT Initiative on the Digital Economy (IDE) and a founding partner at Manifest Capital. Follow Sinan on Twitter: @sinanaral Check out his book "The Hype Machine": https://www.sinanaral.io/books Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Eric Felder & James Palmisciano Feb 05, 2021

Show on 2/5/21 How should you evaluate the preferred market? Interested in learning more about hybrid securities? Host Jeremy Schwartz talks to experts in the fixed income space about contingent convertibles in Europe, high yield strategy, and more. Guests: Eric Felder- CEO of Moelis Asset Management, previously co-head of Global Fixed income at Lehman Brothers Visit Moelis Asset Management's Website: https://moelisassetmanagement.com/ James Palmisciano - Managing Partner at Gracie Asset Management Visit Gracie Asset Management's Website: https://moelisassetmanagement.com/gracie-asset-management/ Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Grant Wilson Jan 22, 2021

Show from 1/22/21 Wharton Finance Professor Jeremy Siegel covers the latest economic news from monetary stimulus and jobless claims to the potential increase in the minimum wage. Plus a look at digital currency markets and the changing consumer market during the pandemic. Guest: Grant Wilson - Head of Asia Pacific at Exante Data Follow Exante on Twitter: @ExanteData Check out Exante's website: https://www.exantedata.com Keep up with the latest news by subscribing to their blog: https://moneyinsideout.exantedata.com/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind the Markets Podcast: CEO of New Constructs David Trainer Jan 14, 2021

Show from 1/15/21 Host Jeremy Schwartz and Guest Co-Host Kara Marsascano talk to CEO of New Constructs David Trainer about how to measure core earnings in the face of uncertainty. He talks about evaluating data such as past credit ratings and debt inequity rates to accurately assess the value of assets. Guest: David Trainer - Founder and CEO of New Constructs Follow New Constructs on Twitter for the latest data: @NewConstructs Check out New Constructs website: https://www.newconstructs.com/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Applico CEO Alex Moazed Jan 14, 2021

Show from 1/15/21 The show kicks off with Wharton Finance Professor Jeremy Siegel's latest takes on 2021 earnings, Biden regulations, jobless claims, COVID-19 vaccine distribution and more. Then Jeremy Schwartz discusses platform companies with an expert in the space. How are tech and content platform companies performing? What is the impact of Trumps ban on Chinese tech monopolies? Guest: Alex Moazed - Founder and CEO of Applico. In 2016, Macmillan published his book, Modern Monopolies, which defines the platform business model. Follow Alex on Twitter: @AlexMoazed Check out his book "Modern Monopolies": https://www.amazon.com/Modern-Monopolies-Dominate-Century-Economy/dp/1250091896 Visit the Applico Website: https://www.applicoinc.com/author/amoazed/ Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: John Davi Jan 08, 2021

Show from 1/8/20 Happy New Year from all of us at Behind the Markets! This is our first show of the new year and we're starting it off right. Wharton Finance Professor Jeremy Siegel discusses the democratic control of the Senate, federal spending, tax increases, emerging markets and more. Then Host Jeremy Schwartz brings on returning guest from Astoria Advisors, John Davi to talk about Tesla, inflation, a steepening yield curve, and the COVID-19 vaccine stocks. Here's to a year full of financial education and portfolio management! Guest: John Davi - Founder, CIO at Astoria Portfolio Advisors LLC Check out Astoria Advisors' website: https://www.astoriaadvisors.com/ Follow Astoria Advisors on Twitter: @AstoriaAdvisors Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Kevin Flanagan & Karthik Sankaran Dec 11, 2020

Show from 12/11/20 Wharton Finance Professor Jeremy Siegel gives his end of year market forecast discussing COVID-19 vaccine approval and the latest on the stimulus bill. Then, how should you strategize and invest in foreign markets? Host Jeremy Schwartz talks to an emerging markets expert about US vs foreign investing, Brexit's effect on the Eurozone, European bonds, and much more. Guests: Karthik Sankaran - Portfolio Manager and Strategist. Most recently the director of global strategy for Eurasia Group. Kevin Flanagan - Senior Fixed Income Strategist at WisdomTree Asset Management More on his work here: https://www.wisdomtree.com/blog/author/kevin%20flanagan Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Marc Chandler Dec 05, 2020

Show from 12/4/20 Wharton Finance Professor Jeremy Siegel kicks off the show talking about the positive news regarding fiscal stimulus packages, COVID-19 vaccines, and the election of Chris Weller to the Fed. Then Marc Chandler joins Host Jeremy Schwartz to discuss the declining dollar valuation, emerging markets, China, trade, high beta currencies and much more. Find out how to read the current state of national and international markets so that you can properly allocate your portfolio. Guest: Marc Chandler - Chief Market Strategist at Bannockburn Global Forex. He writes a widely followed blog called Marc to Market. Chandler is a frequent guest on CNBC, Bloomberg Television, FOX Business, Business News Network, and Nightly Business Report where he provides his insights on the global capital markets. Chandler has been published in the Financial Times, Foreign Affairs, Barrons, The Nation, Euromoney Institutional Investor, and Corporate Finance. He is regularly published by Seeking Alpha and TheStreet.com. Follow him on Twitter: @marcmakingsense Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Dan Russo Dec 04, 2020

Show from 12/4/20 Host Jeremy Schwartz discusses ETFs and small caps with an expert in the space. They get into the state of energy, the COVID-19 vaccine, reopening expectations, bitcoin, and other various asset classes. Guest: Dan Russo - Chief market strategist at Chaikin Analytics, a quantitative equity research firm. For more on Chaikin Analytics visit their website: https://www.chaikinanalytics.com/ Check out Dan's blog: https://www.chaikinanalytics.com/author/dan-russo/ Twitter: @DanRusso_CMT Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Adam Kobor & Thomas Philips Nov 27, 2020

Show from 11/27/20 Host Jeremy Schwartz interviews the co-authors of a paper that try's to conquer setting long-term expectations. They get into how to define a long-term expected return for US equity markets and re-evaluate the CAPE framework. Guests: Adam Kobor - Managing Director of Investments at New York University, co-author of an article "Ultra-Simple Shiller's CAPE: How One Year's Data Can Predict Equity Market Returns Better Than Ten" Thomas Philips - Adjunct professor in the department of finance and risk engineering at NYU's Tandon School of Engineering, co-author of an article "Ultra-Simple Shiller's CAPE: How One Year's Data Can Predict Equity Market Returns Better Than Ten" Read their paper here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3443289 Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Greg Valliere Nov 27, 2020

Show from 11/27/20 Wharton Finance Professor Jeremy Siegel says the dramatic expansion of M1 money supply, the COVID-19 vaccine rollout, and the election results all point to positive market news. Then Host Jeremy Schwartz introduces an expert on politics, Greg Valliere, to talk about the impact of the 2020 election results. Greg discusses about the potential of the next stimulus, the future of small businesses, taxes and much more. Guest Greg Valliere - Chief US Policy Strategist at AGF Investments More on AGF Investments: https://www.agf.com/us/index.jsp Follow AGF Investments on Twitter: @agf Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Baruch Lev Nov 19, 2020

Show from 11/20/20 Hosts Jeremy Schwartz and Wharton Finance Professor Jeremy Siegel talk market news at the top of the show discussing the rise in coronavirus cases, reopening the economy, Judy Shelton, the Fed, and more. Then New York University Stern School of Business Professor Baruch Lev joins the show to explain what he calls the "end of accounting." He says financial reports are largely irrelevant now because of the change from physical assets to intangible assets like R&D or IT. Today, the total corporate investment in intangible assets is $2.5 trillion and physicals assets only equal half of this. Find out how this affects earnings reports. Guests: Baruch Lev - Philip Bardes Professor of Accounting and Finance at New York University Stern School of Business. For more on Baruch's research visit his faculty page: https://www.stern.nyu.edu/faculty/bio/baruch-lev Check out his book "The End of Accounting and the Path Forward for Investors and Managers": https://www.amazon.com/Accounting-Forward-Investors-Managers-Finance/dp/1119191092 Matt Wagner - Senior Analyst at WisdomTree Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Li Nan Nov 13, 2020

Show from 11/13/20 Hosts Jeremy Schwartz and Liqian Ren talk about the future of US/ China relations with a professor of finance from Shanghai. Guest: Li Nan - Professor of Finance and Economics at Antai College of Economics and Management, Shanghai Jiao Tong University Check out her research on her website: https://www.nanlifinance.org/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Paul Esposito Nov 13, 2020

Show from 11/13/20 Hosts Jeremy Schwartz and Wharton Finance Professor Jeremy Siegel discuss the latest COVID-19 vaccine and the spike in virus cases. Professor Siegel says reopening stocks are doing well and he expects that if the vaccine is successful the economy could open early next year. Then Jeremy Schwartz discusses the current economic climate in the US post election, the future of taxes, asset class returns, and more with a wealth management expert. Guest: Paul Esposito - Senior Portfolio Manager at Prestige Wealth Management Group For more on Prestige Wealth Management visit their website: https://prestigewmg.com/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Jeremy Siegal, Brian Wesbury, & John Zogby Nov 06, 2020

Show from 11/6/20 In this special edition of the podcast Hosts Jeremy Siegel and Jeremy Schwartz talk about the 2020 election results from senate to president. They talk to two political experts about the future of poll analytics, the repercussions of the election results for each political party, and much more. Plus they get into the positive employment report, COVID-19, and market news. Guests: Brian Wesbury - Chief Economist at First Trust Advisors Follow him on Twitter: @wesbury For more on First Trust Advisors visit their website: www.ftportfolios.com/ John Zogby - Founder and Senior Partner at John Zogby Strategies For more on John Zogby Strategies visit their website: https://johnzogbystrategies.com/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind the Markets Podcast: William Kennedy Oct 29, 2020

Show from 10/30/20 The show kicks off with Wharton Finance Professor Jeremy Siegel's market update focusing specifically on the 2020 election odds. Then Hosts Jeremy Schwartz and Liqian Ren talk to an expert on international relations from the Global Interdependence Center about the future of the US/ China relationship. Guest: William Kennedy - Vice Chair of the Global Interdependence Center (GIC), Co-Founder, CIO, and CEO of Risk Bridge Advisors For more on the GIC visit their website: https://www.interdependence.org/about/directors/ Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Greg Valliere & Alex Moazed Oct 22, 2020

Show from 10/24/20 Hosts Jeremy Schwartz and Wharton Finance Professor Jeremy Siegel discuss the latest election odds. Jeremy Siegel says the last debate will not likely change anything. They also discuss the good news in earnings, the S&P reported 81% beating. Then they bring on political strategist Greg Valliere to discuss the Biden vs Trump odds further. Plus, the latest news on the antitrust lawsuit against Google. What will be the future of monopolies like Google and what does this mean for financial market? Alex Moazed of Applico joins the show to talk about Google's impact on the election, buying ads, two sided network effects, the future of content platforms, and much more. Guests: Greg Valliere - Chief U.S. Policy Strategist at AGF Investments For more on AGF Investments visit their website: https://www.agf.com/ca/en/index.jsp Alex Moazed - Co-Author, Modern Monopolies Founder & CEO of Applico For more on Applico visit their website: https://www.applicoinc.com/ Follow Alex on Twitter: @AlexMoazed Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Jonathan Ward Oct 16, 2020

Show from 10/16/20 Wharton Finance Professor Jeremy Siegel kicks off the show with a political update on the Biden vs Trump election odds. Plus Host Jeremy Schwartz interviews an expert on China strategy, Jonathan Ward. According to Jonathan, China sees themselves as a dominant world power coming back to prominence. He mentions their attention to building a large military, their ideological push to denounce western values as well as their initiative to consolidate and dominate trade. Guests: Jonathan Ward -Founder of Atlas Organization, author of the book "China's Vision of Victory." For More on Atlas visit their website: https://atlasorganization.com/ Check out his book: https://www.amazon.com/Chinas-Vision-Victory-Jonathan-Ward/dp/0578438100 Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Audrey Choi Oct 10, 2020

Show from 10/9/20 White House Chief Economic Adviser Larry Kudlow announced a deal for the second stimulus package and the Dow Jones is up 21 points, according to Wharton Finance Professor Jeremy Siegel's market update. Siegel said this stimulus deal will be positive for the stock market. Then Host Jeremy Schwartz talks to an expert on ESG investing trends from Morgan Stanley. They discuss politics, sustainability, waste reduction, and asset management strategy in this space. Guest: Audrey Choi - Chief Marketing Officer and Chief Sustainability Officer of Morgan Stanley For more about Audrey check out her bio: https://www.morganstanley.com/profiles/audrey-choi-morgan-stanley Visit Morgan Stanley's website: https://www.morganstanley.com/ Follow Morgan Stanley on Twitter: @MorganStanley Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Ed Morse & Mobeen Tahir Oct 02, 2020

Show from 10/1/20 Wharton Finance Professor Siegel kicks off the show talking about the possibility for a physical stimulus bill, Trump going down in betting markets after the debate, and the future of stocks and inflation. Then Host Jeremy Schwartz talks to experts in the commodities space. They discuss prompt vs deferred pricing in commodity baskets, supply changes, high frequency data, valuing gold and much more. Guests: Ed Morse- Managing Director, Global Head of Commodity Research at Citi Group Follow Citi on Twitter: @Citi Visit Citi's Website: https://www.citigroup.com/citi/ Mobeen Tahir - Associate Director of Research at WisdomTree UK Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Matt Garratt Sep 25, 2020

Show from 9/25/20 Wharton Finance Professor Jeremy Siegel's market update includes the death of Ruth Bader Ginsberg, the potential of a stimulus bill before the 2020 presidential election, unemployment insurance running out, and expectations for next weeks employment report. Then host Jeremy Schwartz talks to a managing partner at Salesforce Ventures about platform based business models, AI, ESG funds, emerging technology, and much more. Guest: Matt Garratt - Managing Partner, Salesforce Ventures Follow Matt on Twitter: @mdgarratt For more information on Salesforce, visit their website: https://www.salesforce.com/company/ventures/

Behind The Markets Podcast: Jesper Koll Sep 18, 2020

Show from 9/18/20 The show kicks off with Wharton Finance Professor Jeremy Siegel's market update. He discusses the fed and stimulus packages, the IPO price, and inflation. Then Jeremy Schwartz brings on the CEO of WisdomTree Japan to talk about Prime Minister Shinzo Abe's resignation, rebalancing Japan's tax system, monetary policy, trade, corporate governance and much more. Guest: Jesper Koll - Chief Executive Officer of WisdomTree Japan. Over the past two decades Jesper has been consistently ranked as one of the top Japan strategists/economists, working as Chief Strategist and Head of Research for major U.S. investment banks J.P. Morgan and Merrill Lynch. His analysis and insights have earned him a position on several Japanese government advisory committees and Jesper is also one of the few non-Japanese members of the Keizai Doyukai, the Japan Association of Corporate Executives. He has written two books in Japanese, Towards a New Japanese Golden Age and The End of Heisei Deflation. After arriving in Japan in 1986 Jesper initially worked as an aide to a Member of Parliament. Jesper has a Masters degree from the School of Advanced and International Studies at Johns Hopkins University and was a research fellow at both Tokyo University and Kyoto University. He is a graduate of the Lester B. Pearson College of the Pacific. Follow WisdomTree on Twitter: @WisdomTreeETFs Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind the Markets Podcast: Tao Wang Sep 11, 2020

Show from 9/11/20 The show starts with our usual market update. Wharton Finance Professor Jeremy Siegel talks about the start of the NFL season, Coronavirus cases, and election stats. Then Hosts Jeremy Schwartz and Liqian Ren bring on a US/China relations expert. They discuss US/ China trade disputes, China's handling of the Coronavirus, growth in China's private market in areas such as internet, and much more. Guest: Tao Wang - Chief China Economist/Head:Asia Economic Research, UBS AG For more on UBS visit their website: https://www.ubs.com/us/en.html Follow UBS on Twitter: @UBS

Behind The Markets Podcast: Helmut Norpoth, Ed Clissord, & Jeff Weniger Sep 04, 2020

Show from 9/4/20 Wharton Finance Professor Jeremy Siegel kicks off the show talking about the unemployment rate and the potential of reopening the economy. Then Host Jeremy Schwartz and Guest Co-Host Jeff Weniger bring on two political forecasting experts to discuss potential 2020 election outcomes and what it will mean for your financial portfolios. Guests: Helmut Norpoth - Professor of Political Science at Stony Brook University Visit his Faculty Page: https://www.stonybrook.edu/commcms/polisci/people/_faculty/Norpoth_Helmut.php Check out recent articles and interviews with Professor Norpoth: stonybrook.edu/experts/profile/helmut-norpoth Ed Clissord - Chief US Strategist for Ned Davis Research Follow him on Twitter: @edclissold Ned Davis Research Website: https://www.ndr.com/ Jeff Weniger - Director of Asset Allocation at WisdomTree Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz Ask Siegel (NEW!) If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind The Markets Podcast: Jared Woodard Aug 28, 2020

Show from 8/28/20 Wharton Finance Professor Jeremy Siegel talks about the Fed inflation rates and the political state in America. Then the head of the research investment committee at Bank of America joins the show to talk about the end of the 60/40 stocks/bonds spread, current market trends, and secular stagnation. Guest: Jared Woodward - Head of the Research Investment Committee at Bank of America. Visit Bank of America's website: https://www.bankofamerica.com/ Ask Siegel (NEW!) If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Behind the Markets Podcast: Ben Webster Aug 21, 2020

Show from 8/21/20 Wharton Finance Professor Jeremy Siegel kicks off the show with his markets update discussing the impact of the upcoming election and political atmosphere in the US. Then, one of the hot topics in the finance is ESG investing. Host Jeremy Schwartz talks to a data analytics expert focusing on making the world a better place. CEO of Owl Analytics, Ben Webster, studies the sales and operations of businesses to ensure the companies you're investing in have ethical values. Guest: Ben Webster - CEO and Co-Founder of OWL Analytics Find out more by visiting their website: http://owlanalytics.net/ -You can sign up for their newsletter!

Behind The Markets Podcast: Jamin Ball, Steve Zahm, & Brian Feinstein Aug 14, 2020

Show from 8/14/20 Wharton Finance Professor Jeremy Siegel kicks off the show discussing the impact of politics, the November election, and COVID-19 on markets. Then Host Jeremy Schwartz talks to three experts on cloud based software. They get into growth rates, investments, and earnings as it applies to wealth management during these high risk times. Guests: Jamin Ball - VP of Redpoint Ventures Follow him on Twitter: @jaminball Follow Redpoint on Twitter: @redpointvc Steve Zahm - Chief Culture Officer at Procore Technologies For more on Procore visit their website: https://www.procore.com/ Brian Feinstein - Managing Partner at Bessemer Venture Partners To find out more about Bessemer Venture Partners visit their website: https://www.bvp.com/ Follow Bessemer Venture Partners on Twitter: @BessemerVP

Behind The Markets Podcast: Greg Valliere & Jeff Weniger Aug 07, 2020

Show from 8/7/20 Wharton Finance Professor Jeremy Siegel gives his market update covering the political landscape and the jobs report. Professor Siegel says we need to focus on the future looking at virus trends and stimulus trends. Then hosts Jeremy Schwartz and Liqian Ren continue the conversation with Professor Siegel and bring on Greg Valliere. Greg says that the election will likely tighten between Trump and Biden as we near November. Then Jeremy Schwartz and Liqian bring on Jeff Weniger and discuss China/ US relations. Guests: Greg Valliere - Chief US Policy Strategist at AGF Investments More on AGF Investments: https://www.agf.com/us/index.jsp Follow AGF Investments on Twitter: @agf Jeffrey Weniger- CFA serves as Director, Asset Allocation at WisdomTree

Behind The Markets Podcast: Alex Moazed Jul 29, 2020

Show from 7/31/20 Host Jeremy Schwartz and WisdomTree Guest Hosts Kara Marciscano and Rafi Aviav talk to an expert on platform business models. They discuss the dual nature of these platforms: consumers and producers. The producers contribute the inventory that the the consumers come to the platform for. Think Youtube or Instagram. According to our guest, these platforms have a winner take all scale because it's difficult to overcome network effects. This conversation tries to codify and make sense of these large platform monopolies and provides insights into investing in the space. Guest: Alex Moazed - Founder and CEO of Applico. In 2016, Macmillan published his book, Modern Monopolies, which defines the platform business model. Follow Alex on Twitter: @AlexMoazed Check out his book "Modern Monopolies": https://www.amazon.com/Modern-Monopolies-Dominate-Century-Economy/dp/1250091896 Visit the Applico Website: https://www.applicoinc.com/author/amoazed/ Wisdom Tree Growth Leaders Fund: https://www.wisdomtree.com/etfs/thematic/plat The WisdomTree Growth Leaders Fund* seeks to track the investment results of high growth, mid and large-cap companies leveraging platform-based business.

Behind the Markets Podcast: Brendan Ryan Jul 24, 2020

Show from 7/24/20 Host Jeremy Schwartz talks to a portfolio manager at Beaumont Capital Management about sector investing, market timing, equity exposure, and machine learning. Find out how behavioral finance and data collection impact a portfolio. Guests: Brendan Ryan - Assistant Portfolio Manager at Beaumont Capital Management (BCM) To learn more about BCM visit their website: https://investbcm.com/

Behind The Markets Podcast: Jonathan Golub Jul 24, 2020

Show from 7/24/20 Hosts Jeremy Schwartz, Liqian Ren, and Wharton Finance Professor Jeremy Siegel discuss the big market updates of the last few weeks. Professor Siegel gets into gold prices, the politics behind the stimulus package, and COVID-19 news. Then they bring on a US Equity Strategist from Credit Suisse who discusses the equity bond spread, interest rates, and earnings trends. Guests: Jonathan Golub - Managing Director and Chief U.S. Equity Strategist for Credit Suisse, based in New York. To learn more about Credit Suisse visit their website: www.credit-suisse.com Follow Credit Suisse on Twitter: @CreditSuisse

Behind The Markets Podcast: Adam Fisher And Nir Zohar Jul 16, 2020

Show from 7/17/20 Host Jermey Schwartz talks global markets and online business platforms with two experts in the space. Adam Fisher, Managing Partner at Bessemer Venture Partners, discusses global investment opportunities especially in Israel. Then Nir Zohar, COO of Wix, discusses managing a business online, creating online databases for clients, and the importance of a website in today's digital world. Guests: Adam Fisher - Managing Partner at Bessemer Venture Partners To find out more about Bessemer Venture Partners visit their website: https://www.bvp.com/ Follow Bessemer Venture Partners on Twitter: @BessemerVP Nir Zohar - Chief Operating Officer at Wix To find out more about Wix visit their website: https://www.wix.com/ Follow Wix on Twitter: @Wix

Behind The Markets Podcast: David Trainer Jul 10, 2020

Show from 7/10/20 Wharton Finance Professor Jeremy Siegel discusses the market news including Remdesivir treatments and the economic consequences of the increased number of COVID-19 cases. Then Host Jeremy Schwartz discusses stock, ETFs, and measuring earnings with the CEO of New Constructs. They also discuss the distortions in earnings reports, write downs in assets, etc. Guest: David Trainer - CEO of New Constructs For more information about New Constructs visit their website: https://www.newconstructs.com/ For up to date financial news from New Constructs follow them on Twitter: @NewConstructs Kara Marciscano - Senior Analyst at WisdomTree

Behind The Markets Podcast: Lori Wachs Jul 03, 2020

Show from 7/3/20 Host Jeremy Schwartz discusses private equity deals, investing in female lead companies, and portfolio management during the COVID-19 pandemic with Lori Wachs, Partner at Springboard Growth Capital. Lori discusses the future of the company in these uncertain times as well as their non-profit Springboard Enterprises which provides female lead companies with growth capital. Guests: Lori Wachs - Partner at Springboard Growth Capital To find out more about Springboard Growth Capital visit their website: https://www.springboardgc.com/ Follow Springboard Growth Capital on Instagram: @springboardgrowth Follow Springboard Enterprises on Twitter: @SpringboardEnt

Behind the Markets Podcast: Cloud Computing Special Jul 02, 2020

Behind the Markets Podcast Special Host Jeremy Schwartz and Guest Co-Host Kara Marciscano bring on two investing experts to discuss a topic that is increasingly important in our new online world, cloud computing. They discuss the Forbes Cloud 100, a list of the best private cloud companies in the world, and the tremendous growth the cloud computing space has seen over the last few years. They also discuss security concerns, data collection, and global cloud use. Guests: Mary D'Onofrio - Bessemer Venture Partners To find out more about Bessemer Venture Partners visit their website: https://www.bvp.com/ For the latest news follow BVP on Twitter: @BessemerVP Check out an article Mary wrote on the State of the Cloud in 2020: https://www.bvp.com/atlas/state-of-the-cloud-2020 Frederic Kerrest- Executive Vice Chairman, Chief Operating Officer, and Co-Founder of Okta, Inc. To Find out more about Okta visit their website: https://www.okta.com/ For the latest news follow Okta on Twitter: @okta Kara Marciscano - Senior Analyst at WisdomTree

Behind The Markets Podcast: Laurence Siegel Jun 26, 2020

Show from 6/29/20 Hosts Jeremy Schwartz and Liqian Ren talk to the author of the book "Fewer, Richer, Greener: Prospects for Humanity in an Age of Abundance." The book talks about reinforcing faith in our future in the face of stagnant economic growth, climatic deterioration, dwindling natural resources, and an unsustainable level of population growth. Laurence discusses changing workplaces, new labor needs, upward mobility, and global supply chains. Guest: Laurence Siegel - Gary P. Brinson director of research at the CFA Institute Research Foundation as well as an independent writer, speaker and consultant focusing on investment management. He is the author of the recently release book "Fewer, Richer, Greener: Prospects for Humanity in an Age of Abundance." Check out the book here: https://www.amazon.com/Fewer-Richer-Greener-Prospects-Abundance/dp/1119526892 Follow Laurence on Twitter: @LaurenceBSiegel

Behind The Markets Podcast: Mike Brusko & Jordan Hicks Jun 25, 2020

Show from 6/26/20 Wharton Finance Professor Jeremy Siegel starts off the show talking about Coronavirus spikes in areas not following social distancing guidelines and the market's reaction to the current circumstances. Then host Jeremy Schwartz talks to Mike Brusko and Jordan Hicks of Top Tier Wealth Management about financial planning and investing in a time of crisis. Jordan is also an NFL Linebacker for the Arizona Cardinals and previously played on the Philadelphia Eagles' Super Bowl LII team. He talks about NFL training camp during COVID-19 and the future of sports during the virus. Guests: Mike Brusko - Partner at Top Tier Wealth Management Jordan Hicks - Partner at Top Tier Wealth Management and Middle Linebacker for the Arizona Cardinals To find out more about Top Tier Wealth Management visit their website: https://toptierwealthmanagement.com/ For more on Jordan Hick's NFL career visit his page: https://www.nfl.com/players/jordan-hicks/ Follow Jordan on Twitter: @JordanHicks Follow Top Tier Wealth Management on Twitter: @TopTierWM

Behind the Markets Podcast: Ellen Zentner Jun 19, 2020

Show from 6/19/20 Wharton Finance Professor Jeremy Siegel, along with co-host Liqian Ren, kicks off the show with his weekly market update. He says we're headed for a modest, range bound market. He also mentions uncertainty regarding a second outbreak but for now explains that liquidity is still flowing into the markets. Then hosts Jeremy Schwartz and Kevin Flanigan talk to the Chief U.S. Economist at Morgan Stanley, Ellen Zenter, about their midyear outlook. According to Ellen, pent up demand will stimulate the economy as it reopens. She also compares the 2008 crisis to the COVID-19 epidemic saying that they are two very different situations and she expects a quicker recovery in today's economy. Guests: Ellen Zentner - Chief U.S. Economist for Morgan Stanley Follow Morgan Stanley on Twitter: @MorganStanley For more information on the Morgan Stanley's Midyear Outlook visit their website: https://www.morganstanley.com/ To find out more about Ellen visit her profile page: https://www.morganstanley.com/profiles/ellen-zentner-chief-us-economist Kevin Flanagan - Head of Fixed Income Strategy

Behind The Markets Podcast: Peter Mallouk Jun 12, 2020

Show from 6/12/20 Wharton Finance Professor Jeremy Siegel starts off the show discussing market news. He says that the momentum we were seeing in the markets the past few weeks is being broken by investors jumping off the 'trend train.' He also thinks the Fed will ride low rates for a while until their hand is forced. Then hosts Jeremy Schwartz and Professor Siegel bring on the President and CEO of Creative Planning Peter Mallouk to discuss investing during the crisis. They talk about marketing to young people, ensuring clients don't lose money, bear markets, and financial education. Peter says that these low market events are cyclical. Guest: Peter Mallouk - President and CEO of Creative Planning For more information on Creative Planning visit their website: https://creativeplanning.com/ Follow Creative Planning on Twitter: @CPIWealth

Behind the Markets Podcast: Chris Meredith Jun 05, 2020

Show from 6/5/20 Host Jeremy Schwartz brings on an expert on factor investing to discuss current events, COVID-19, cloud computing, and other hot topics in the space. They get into earnings growth and value investing, among other topics. Guest: Chris Meredith - Director of Research, Co-Chief Investment Officer, and Portfolio Manager at O'Shaughnessy Asset Management To find out more about O'Shaughnessy Asset Management visit their website: https://osam.com/ Follow them on Twitter: @OSAMResearch

Behind the Markets Podcast: Maria Bartiromo & Leeland Miller Jun 05, 2020

Show from 6/5/20 Wharton Finance Professor Jeremy Siegel starts off the show discussing the shocking jobs report. He said as a result of the economy opening there is a huge shift towards value stocks and away from tech stocks. Then Hosts Jeremy Schwartz and Professor Siegel bring on two China experts to talk manufacturing, consumer spending, and demand. Guests: Maria Bartiromo - Host of "Mornings with Maria" on Fox Business Find out more about her show here: https://www.foxbusiness.com/shows/mornings-with-maria Follow her on Twitter: @MariaBartiromo Leeland Miller - Chief Executive Officer of China Beige Book International To find out more about China Beige Book visit their website: https://www.chinabeigebook.com/ Follow them on Twitter: @ChinaBeigeBook

Behind the Markets Podcast: Gad Allon, Rowan Trollope, & Ethan Kurzweil May 29, 2020

Show from 5/29/20 Wharton Finance Professor Jeremy Siegel opens the show saying people shouldn't be surprised by the current bull market because the money from the Fed was bound to find its way into equity markets. Professor Siegel also discusses uncertainty regarding international trade and developments on the virus front with Liqian Ren. Then host Jeremy Schwartz talks with a Wharton Professor focused on management technology to discuss opening the economy and trends in tech. Plus he talks to two experts in the cloud computing space. Guests: Gad Allon - Professor of Operations, Information and Decisions Director of the Jerome Fisher Program in Management & Technology Find out more about Professor Allon here: https://oid.wharton.upenn.edu/profile/gadallon/ Follow Professor Allon on Twitter: @g_allon Rowan Trollope- CEO of Five9 To find out more about Five9 visit their website: https://www.five9.com/ Follow Five9 on Twitter: @Five9 Ethan Kurzweil -Bessemer Venture Partners To find out more about Bessemer Venture Partners visit their website: https://www.bvp.com/ Follow them on Twitter: @BessemerVP

Behind the Markets Podcast: Randy Parrish May 22, 2020

Show from 5/22/20 Host Jeremy Schwartz talks to an expert in high yield credit markets, Randy Parrish. They get into to pace of reopening the economy, the re-engagement of consumers, and liquidity vs solvency issues. Plus, according to Parrish, there has already been a lot damage to corporate debt markets with default rates ticking up. Guest: Randy Parrish - Managing director, head of credit and a senior high yield portfolio manager at Voya Investment Management For more information about Voya visit their website: https://investments.voya.com/ Follow Voya on Twitter: @VoyaInvestments

Behind the Markets Podcast: President & CEO of the Bank of Richmond Tom Barkin May 21, 2020

Show from 5/22/20 Hosts Jeremy Schwartz and Wharton Finance Professor Jeremy Siegel bring on a special guest, the President and CEO of the Bank of Richmond Tom Barkin. They start off the show discussing the potential outcomes of reopening the economy with no vaccine or treatment available. Then they discuss the importance of liquidity and the risk of inflation. Plus Barkin offers insight on normalizing interest rates, re-skilling employees, workforce participation, and the future of flexible work. Guest: Thomas Barkin - President of the Federal Reserve Bank of Richmond For more information on Tom's work visit the Federal Reserve Bank of Richmon'd website: https://www.richmondfed.org/

Behind The Markets Podcast Special: Jesper Koll & Jeffrey Weniger May 20, 2020

Show from 5/21/20 Jeremy Schwartz talks to his WisdomTree colleagues about the international response to COVID-19. They start the show discussing Japan's low numbers of Coronavirus cases and their economy's excess demand for labor. CEO of WisdomTree Japan Jesper Koll explains that COVID-19 is actually changing cultural behavior in Japanese corporations which is something Abe couldn't even do. He also adds that Japan's largest trading partner, China, is engaging in a V shaped recovery and that provides enormous support. Plus they discuss allocation to private equity companies in Japan. Guests: Jesper Koll-CEO of WisdomTree Japan Jeffrey Weniger- CFA serves as Director, Asset Allocation at WisdomTree

Behind the Markets Podcast: Florian Ginez, Chris King, & Tyrone Ross May 14, 2020

Show from 5/15/20 Hosts Jeremy Schwartz, Liqian Ren, and Wharton Finance Professor Jeremy Siegel start off the show with market news discussing everything from the fear of more trade wars with China and stimulus packages to drops in tax revenue. Then Jeremy Schwartz talks to experts in the bitcoin cryptocurrency space. They discuss the wealth management market and the benefit of offering bitcoin SMAs. Guests: Florian Ginez - Associate Director of Quantitative Reseach for WisdomTree Europe Limited Chris King - Founder and CEO of Eaglebrook Advisors For more on Eaglebrook Advisors visit their website: https://eaglebrookadvisors.com/ Follow Eaglebrook Advisors on Twitter: @eaglebrook Tyrone Ross - The Head of Advisory at Eaglebrook Advisors

Behind the Markets Podcast: David Lyon May 08, 2020

Show from 5/8/20 Wharton Finance Professor Jeremy Siegel kicks off the show with his COVID-19 market updates. According to Professor Siegel, things are looking up, global markets have been cautiously opening, the NASDAQ has gone into positive territory, and large caps are doing well. Then hosts Jeremy Schwartz, Liqian Ren, and Guest Host Ryan Krystopowicz bring on FinTech expert David Lyon. They discuss lowering the cost of FinTech investing, providing new world class services for advisors, and the positive impact of mergers on innovation in that space. Guests: David Lyon - CEO of the FinTech platform Oranj For more on Oranj visit their website: https://runoranj.com/ Ryan Krystopowicz - Product Specialist at WisdomTree Asset Management

Behind The Markets Podcast: Ed Stringham & Brian Kessens Apr 30, 2020

Show from 5/1/2020 Wharton Finance Professor Jeremy Siegel kicks off the show talking about the ISM economic news, positive antivirus news, market liquidity, and more. Then Hosts Jeremy Schwartz, Liqian Ren and Kevin Flanagan interview two expert guests on the possibility of opening the economy, volatility in the oil space (especially with midstream energy companies), and the international response to COVID-19. Guests: Edward Stringham - Professor at Trinity College and President of the American Institute for Economic Research Follow Ed on Twitter: @edstringham For more information on the American Institute of Economic Research visit their website: https://www.aier.org/ Brian Kessens - Portfolio Manager at Tortoise Advisors Follow Tortoise Advisors on Twitter: @tortoise_invest For more information on Tortoise Advisors visit their website: https://tortoiseadvisors.com/

Behind the Markets Podcast: Kevin Volpp Apr 24, 2020

Show from 4/24/20 Wharton Finance Professor Jeremy Siegel starts off the show with a market update discussing recent oil prices and anti-viral medication news. Then Hosts Jeremy Schwartz, Jeremy Siegel and Liqian Ren interview Dr. Kevin Volpp from the Perelman School of Medicine to discuss the medical research being done to combat COVID-19. According to Dr. Volpp, there need to be more careful clinical studies conducted with real control groups to ensure potential treatments do not harm patients. He also notes that Penn Medicine is working on clinical trials, vaccine development, and a Google based chat bot that can be placed on health portals to help with predictive modeling. Guest: Dr. Kevin Volpp - Founders President’s Distinguished Professor of Medicine and Medical Ethics and Policy at the Perelman School of Medicine and Health Care Management at the Wharton School. He is also the founding Director of the Center for Health Incentives and Behavioral Economics (CHIBE), Vice Chairman for Health Policy for the Department of Medical Ethics and Policy, and Director (with Karen Glanz) of the Penn CDC Prevention Research Center. For more information on Dr. Volpp: https://chibe.upenn.edu/faculty-members/kevin-volppmd-phd/

Behind The Markets Podcast: Chase Taylor Apr 23, 2020

Show from 4/24/20 Hosts Jeremy Schwartz and Liqian Ren talk about macro impacts of COVID-19 with an expert at Pincone Macro Research. They discuss energy markets, low oil prices, commodity exposure, ETFs and more. Guest: Chase Taylor - Macro Strategist at Pinecone Macro Research For more information on Pinecone Macro Research visit their website: https://www.pineconemacro.com/ Follow Pinecone Macro on Twitter: @pineconemacro

Behind The Markets Podcast: Ryan Detrick Apr 17, 2020

Show from 4/17/20 Hosts Jeremy Schwartz and Liqian Ren discuss the long term economic impacts of the COVID-19 pandemic with an expert market strategist from LPL Financial. They discuss topics such as the lows and highs in the stock market in response to volatility and uncertainty. Plus they get into market history and talk about the best ways to work with clients during this crisis. Guest: Ryan Detrick - Senior Market Strategist at LPL Financial For more on LPL Financial: https://www.lpl.com/ Follow him on Twitter: @RyanDetrick

Behind The Markets Podcast: Ronald Barg Apr 17, 2020

Show from 4/17/20 Wharton Finance Professor Jeremy Siegel kicks off the show with a market update and discusses the news about Remdesivir, an antiviral medicine made by Gilead Sciences. Professor Siegel says a therapeutic is most important at this time so that the economy can start up again. Then, Penn Medicine's Dr. Ronald Barg joins the show to explain the impact of COVID-19 on hospitals and the research being done to contain the virus. Dr. Barg said there is still very little known, they don't understand why people who seem to be doing well become worse. Guest: Ronald Barg, MD - Physician Executive, Penn Primary Care at Penn Medicine For more on him visit his physician page: https://www.pennmedicine.org/providers/profile/ronald-barg

Behind the Markets Podcast: Neal Patel & Enrique Mendoza Apr 09, 2020

Show from 4/10/20 Hosts Jeremy Schwartz and Liqian Ren talking to small business owners about their experience with lending programs during the COVID19 pandemic. They discuss the impact of Coronavirus, layoffs, and best practices for small businesses to move forward in this time of crisis. Guests: Neal Patel - Founder and Chief Appraiser at Reliant Business Valuation For more information on Reliant Business Valuation visit their website: https://reliantvalue.com/ Enrique Mendoza - CEO of Bowstring Studios For more information on Bowstring Studios visit their website: https://bowstring.tv/

Behind The Markets Podcast: Sam Rines Apr 09, 2020

Show from 4/10/20 Hosts Jeremy Schwartz, Liqian Ren, and Professor Jeremy Siegel kick off the show discussing the current state of market during the COVID19 pandemic. According to Professor Siegel we are plateauing in places where social distancing is taking place and things seem positive right now. They discuss the Fed increasing lending with bond ETFs and high yield bonds as well as the government increasing liquidity. Then the Chief Economist at Avalon Advisors joins the show to discuss the aggressive fed stimulus and monetary theory. Plus he gives advice on talking to clients during this trying time. Guest: Sam Rines - Chief Economist at Avalon Advisors For more on Avalon Advisors visit their website: https://avalonadvisors.com/

Behind The Markets Podcast: Ruby Huang & Art Berman Apr 03, 2020

Show from 4/3/20 First, Wharton Finance Professor Jeremy Siegel kicks off the show with his updated take on the economy during the COVID19 pandemic. Professor Siegel says the US government and the Fed have reacted properly by providing income support, calming capital markets, and working through trade issues. He says the most important thing the Fed needs to do right now is flatten the yield curve. Then, Hosts Jeremy Schwartz and Liqian Ren spend the first half of the show discussing the international healthcare response to Coronavirus with an expert in the Asian market to get a handle on best practices and takeaways for the US. Plus, oil executives are at the White House for OPEC meetings. Our hosts discuss the COVID19 crisis and the effects it will have on the oil industry with one of the best commentators on the topic. Guests: Dr. Ruby Huang - Professor, School of Medicine, College of Medicine, National Taiwan University, Taiwan. Arthur Berman - is a petroleum geologist with 36 years of oil and gas industry experience. He is an expert on U.S. shale plays and is currently consulting for several E&P companies and capital groups in the energy sector. Read his articles here: https://oilprice.com/contributors/Arthur-Berman

Behind the Markets Podcast: COVID-19 Update w/ James Bullard Mar 27, 2020

Show from 3/27/20 Hosts Jeremy Schwartz and Professor Jeremy Siegel bring on James Bullard, CEO and president of the Federal Reserve Bank of St. Louis, to get the latest on the Coronavirus pandemic and Fed decisions. Bullard says he is pleased with the policy response of Congress and the Fed. Throughout the show they discuss backup tools the Fed could use to stimulate the economy in the event of an emergency, the potential of panicked equity markets, global markets/ trade, and unemployment insurance programs. Stay safe everyone! Guest: James Bullard - CEO and president of the Federal Reserve Bank of St. Louis For more information visit: https://www.stlouisfed.org

Behind the Markets Podcast Special : COVID-19 Market Update w/ Experts from WisdomTree Mar 20, 2020

In today's Behind the Markets special Jeremy Schwartz, Professor Jeremy Siegel and Liqian Ren host a round table with members of the WisdomTree staff to look at the economic effects of the COVID-19 pandemic. They talk about the intersection of solvency, massive increases in risk premiums, retail, and the impact on financial institutions, among other topics. According to Professor Siegel the question to ask is "When we look forward to 2021 can we see normal resumption of activities? Because if we get back to last years earnings then we're selling at a good multiple." Tune in for the latest financial briefing.

Behind The Markets: COVID-19 & Market Outloook w/ Guest James Bianco Mar 12, 2020

Show from 3/13/2020 As the COVID-19 effects take a toll on the economy, Behind the Markets Podcast is here to give you the latest outlook. Hosts Jeremy Schwartz and Jeremy Siegel discuss the immediate threat of Coronavirus for the economy. This is "the biggest retreat from record highs to a bear market in history," according to Professor Siegel. Then they bring on market research expert James Bianco who says Coronavirus cases are doubling every 3 days and the US is on track to have 10's of 1000's in the next few weeks. James says we need to ensure proper measures are taken so the US can rebound to pre-virus levels. Guest: James Bianco - Head of Bianco Research Check out Bianco Research here: https://www.biancoresearch.com/visitor-home/

Behind The Markets Podcast: Manish Singh & Dave Donabedian Mar 04, 2020

Show from 3/6/20 This episode of Behind the Markets starts off with the usual Jeremy Siegel market update. He discusses the jobs report and looking ahead to an economic downturn. Then Jeremy Schwartz and Liqian Ren bring on an expert on monetary policy, Manish Singh. He gets into Coronavirus, safe haven assets, and the promise of fiscal coming from Europe. Plus in the second half of the show the CIO of CIBC Private Wealth Management comes on to talk more about the effects of the Coronavirus, drops in treasury yields, energy markets, and portfolio strategy going forward in the wake of volatility. Guests: Manish Singh - Chief Investment Officer at Crossbridge Capital, discusses U.S. monetary policy and financial markets. For more on Crossbridge Capital visit their website: https://www.crossbridgecapital.com/ Dave Donabedian - Chief Investment Officer of CIBC Private Wealth Management CIBC Private Wealth website: wealth.us.cibc.com

Behind The Markets: Maura Pape & Brendan Ahern Feb 28, 2020

Show from 2/28/20 Professor Jeremy Siegel kicks off the show discussing market disruption due to the spread of the Coronavirus. He covers the impact of low earnings rates, the future of stocks and bonds, and the potential of a fed basis rate decline. Then hosts Liqian Ren and Jeremy Schwartz talk to two guests about the impacts of coronavirus globally on markets. Their first guest, Maura Pape, is a data analyst who gathers high frequency data to evaluate bounce back in China. She says two indicators in China have been bouncing back, industrial and people movement. Plus they bring on China expert Brendan Ahern to look at different ways of accessing the Chinese market. Guests Maura Pape - Strategist Director of Business Development for DeepMacro DeepMacro Website: https://beta.deepmacro.com/ Brendan Ahern - The CIO of KraneShares KraneShares Website: https://kraneshares.com/

Behind The Markets Podcast: Andy Rothman Feb 21, 2020

Show from 2/21/20 In this episode of Behind the Markets Jeremy Siegel kicks off the show discussing the most recent impact of the Coronavirus, low earnings, and fed rates. Then hosts Jeremy Schwartz and Liqian Ren take a deeper dive into the effects of the Coronavirus on markets. They talk to an expert on US/ China relations, Andy Rothman, who discusses the future of trade and technology transfer with China. Guest: Andy Rothman: Investment Strategist for Matthews Asia Sinology Blog: https://us.matthewsasia.com/perspectives-on-asia/sinology/default.fs Matthews Asia Website: https://us.matthewsasia.com/default.fs?set=true&gclid=Cj0KCQiAnL7yBRD3ARIsAJp_oLayWiYE4hnI9RTLuTPTAJX7Twedon5jPmre0k4OhOGZLObJBBOv6hgaAqFUEALw_wcB

Behind The Markets: Tim Reynolds Feb 20, 2020

Show from 2/21/20 Jeremy Schwartz and Liqian Ren discuss international equities with Tim Reynolds. Tim talks about the Employees Retirement of Texas' (ERS) bottom up stocks method and valuing growth. He said the ERS weighs more heavily on emerging markets and developing markets such as Europe and Japan. Guest: Tim Reynolds: Senior Portfolio Manager and Head of International Equities for the Employees Retirement System of Texas (ERS) ERS Website: https://ers.texas.gov/Active-Employees/Retirement/State-of-Texas-Retirement

Behind the Markets Podcast: Ken-Ho Lyn Feb 07, 2020

Show from 2/7/20 Hosts Jeremy Schwartz and Liqian Ren interview the author of the recently released book "Divested: Inequality in the Age of Finance." The book discusses why widening inequality cannot be understood without examining the rise of big finance. Ken-Hou will explain how the growth of the financial sector has dramatically transformed the American economy by redistributing resources from workers and families into the hands of owners, executives, and financial professionals. Guest: Ken-Hou Lin - Associate Professor of Sociology at the University of Texas at Austin. He studies the intersection of inequality, finance, organization, and race. Author of "Divested: Inequality in the Age of Finance." Find out more about Ken-Hou here: https://liberalarts.utexas.edu/sociology/faculty/kl26483 You can purchase the book here: https://www.amazon.com/Divested-Inequality-Finance-Ken-Hou-Lin/dp/0190638311

Behind the Markets Podcast: Yanzhong Huang Feb 06, 2020

Show from 2/7/20 Professor Jeremy Siegel kicks off the show with his usual market report. He notes a strong jobs report characterized by an increase in job growth, low jobless reports, and a participation rate that hit a new 9 year high. Plus he gives his take on the upcoming US election and how that will potentially affect markets. Then hosts Jeremy Schwartz and Liqian Ren take over for an interview with an expert on foreign relations to discuss the impact of the Wuhan Coronavirus on international trade. Guests: Yanzhong Huang - Associate Professor at the John C. Whitehead School of Diplomacy and International Relations, Seton Hall University, and a Senior Fellow for Global Health at the Council on Foreign Relations. Council on Foreign Relations: https://www.cfr.org/expert/yanzhong-huang Check out his research here: https://www.shu.edu/profiles/yanzhonghuang.cfm

Behind The Markets Podcast: David Trainer & Kara Marciscano Jan 24, 2020

Show from 1/24/20 Professor Siegel gives his take on markets. He talks about Trump's tweets and the Wuhan coronavirus in China causing volatility in global markets. He also discusses the future of value investing and momentum players. Then hosts Jeremy Schwartz and Liqian Ren talk to experts in the area of finance research about machine learning algorithms and building out cleaner earnings metrics. Guests: David Trainer- Founder and CEO of New Constructs. New Constructs provides insights into the fundamentals and valuation of private & public businesses. For more information visit New Constructs website: https://www.newconstructs.com/about-us/ Follow New Constructs on Twitter: @NewConstructs Kara Marciscano- Research Analyst at Wisdomtree For more finance news check out WisdomTree's blog: https://www.wisdomtree.com/blog

Behind the Markets Podcast: Don Doney & Will Peck Jan 17, 2020

Show Originally Aired 1/17/20 Professor Jeremy Siegel kicks off the show with a market update discussing the stock highs and his skepticism with the amount of market increases. He also talks about positive housing news, the long term value of equities, calm money markets, and following trends. Then Jeremy Schwartz brings in two experts on blockchain and fintech to discuss the future of the industry. The guests talk about the disruption of black markets using blockchain and the importance of recent changes to make the ledgers transparent. Guests: Dan Doney- CEO of Securrency, Inc, a financial services company that combines world class security, advantages of distributed ledgers, and a global compliance framework Follow Securrency on Twitter: @Securrency Find out more about Securrency here: https://securrency.com/ William Peck - Director of Corporate Strategy at WisdomTree

Behind The Markets Podcast: Bruce Mehlman Jan 10, 2020

Show from 1/10/20 This is the first show of 2020 and market news if booming at the start of the year. Jeremy Schwartz kicks off the show discussing the latest headlines from tight labor markets and stock valuation to the future of the oil markets. and Dow crossing $29,000. Then hosts Jeremy Schwartz and Liqian Ren interview an expert on predicting the future. He is the author of a new slideshow called "De-Global: 10 Trends Defining the World," which elaborates on the effects of hyper-globalization and international trends such as US-China relations and populism. Guest: Bruce Mehlman - He is the founder of Mehlman Castagnetti Rosen & Thomas which helps Fortune 500 companies and startups anticipate and navigate the ever-evolving policy environment and trends likely to impact the global marketplace. Check out his website: https://mehlmancastagnetti.com/bipartisan-team/bruce-p-mehlman/ Follow him on Twitter: @bpmehlman Check out his slideshow "De-Global: 10 Trends Defining the World": https://mehlmancastagnetti.com/wp-content/uploads/De-Global-2019.pdf

Behind the Markets Podcast: JC Parets & Tim Hussar Dec 20, 2019

Show from 12/20/19 In this episode of Behind the Markets Jeremy Siegel kicks off the show discussing trade deals in 2020, 3rd quarter GDP, Jobs Report and more. Then hosts Liqian Ren and Jeremy Schwartz talk to market experts about the outlook for 2020. They get into gold commercial hedgers, international asset markets, emerging markets and more. This is the final show of 2019. Happy New Year, see you in 2020! Guests: JC Parets: Founder of All Star Charts, a technical analysis blog about markets. More about All Star Charts: https://get.allstarcharts.com/ Follow All Star Charts on Twitter: @allstarcharts Tim Hussar: Chief Investment Officer at Wharton Hill Advisors More about Wharton Hill Advisors: https://www.whartonhillia.com/

Behind the Markets Podcast: Charles Plosser & Dennis Lockhart Dec 14, 2019

Show from 12/13/19 In this episode of Behind the Markets Jeremy Schwartz and Jeremy Siegel interview their guests about the state of global markets and interest rates. They discuss the impact of the recent British elections, trade talks with China, and their time in the Fed. What will the effects of the coming trade shock be? What should the Fed's role be in policy decisions? They will answer these questions and more. Guest: Charles Plosser - Former president of the Federal Reserve Bank of Philadelphia, currently serves as a Public Governor for FINRA, the Financial Industry Regulatory Authority, where he serves on the Investment Committee and the Finance, Operations and Technology Committee Dennis Lockhart - Former president of the Federal Reserve Bank of Atlanta, currently a Senior Fellow in the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School Find out more about them here: https://www.finra.org/about/governance/finra-board-governors/charles-plosser, https://premierespeakers.com/dennis-lockhart

Behind the Markets Podcast: Mohamed El-Erian Dec 06, 2019

Show from 12/6/19 In this episode of Behind the Markets Jeremy Schwartz and Jeremy Siegel interview their guest about the state of global markets and interest rates. They discuss the impact of economic divergences, trade wars, Brexit, and ECB negative rates on markets. Why is the interest rate equilibrium lower than it used to be? How can a country spur long term economic growth via interest rates? They will answer these questions and more. Guest: Mohamed El-Erian - Chief Economic Advisor at Allianz, Senior Global Fellow at the Joseph A Lauder Institute at the Wharton School, and a part time professor at the University of Pennsylvania Find out more about him here: https://www.mohamedel-erian.com/ Twitter: @elerianm For mor information on Allianz visit their website: https://www.allianz.com/en.html

Behind The Markets Podcast: Pat Harker on Monetary Policy, Jobs, & Interest Rates Nov 21, 2019

Show from 11/22/19 In this special edition of the Behind the Markets Podcast Professor Jeremy Siegel and Jeremy Schwartz talk to the CEO of the Federal Reserve Bank of Philadelphia. They kick off the show discussing job markets, labor force participation, interest rates, and monetary policy. Then they get into the likelihood of a recession and the intricacies of lending practices. Plus they touch upon the fears that tech will replace jobs and the impact that transition could have on the economy. Guest: Pat Harker: The 11th president and chief executive officer of the Federal Reserve Bank of Philadelphia. In this role, Harker participates on the Federal Open Market Committee, which formulates the nation’s monetary policy. For more information on him visit this site: https://www.philadelphiafed.org/about-the-fed/senior-executives/harker

Behind The Markets Podcast: Nir Kaissar Nov 15, 2019

Show from 11/15/19 Markets are green at the market and host Jeremy Siegel tells us why. He talks about the impact of earnings, trade deals, etc. Then Nir Kaissar of Unison Advisors gives his personal take on asset allocation and portfolio management. Hosts Jeremy Schwartz and Liqian Ren talk to Nir about global market returns in terms of China trade deals, WeWork, and tech, among other factors. Plus they get into dollar vs euro valuation. Guest: Nir Kaissar - Founder of Unison Advisors and writes for Bloomberg Opinion. Find out more about Unison Advisors: https://unisonadvisors.com/ Find out more about Nir's experience:https: //www.financial-planning.com/author/nir-kaissar

Behind The Markets Podcast: Robert Shiller Nov 08, 2019

Show from 11/8/19 In this special edition of the Behind the Markets Podcast hosts Jeremy Schwartz and Jeremy Siegel speak to one of America's top economists, Bob Shiller. They kick off the show discussing politics and how the election will influence markets. Then they get into Shiller's newest book "Narrative Economics: How Stories Go Viral and Drive Major Economic Events." Shiller argues that studying popular stories that affect individual and collective economic behavior, what he calls "narrative economics" has the potential to vastly improve our ability to predict, prepare for, and lessen the damage of financial crises. Guest: Robert Shiller - He is an american economist, academic, and best-selling author. As of 2018, he serves as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management's International Center for Finance. Eugene Fama, Lars Peter Hansen and Shiller jointly received the 2013 Nobel Memorial Prize in Economic Sciences, "for their empirical analysis of asset prices" For more information on him and his research click here: http://www.econ.yale.edu/~shiller/ Follow him on Twitter: @RobertJShiller Purchase the book: https://press.princeton.edu/books/hardcover/9780691182292/narrative-economics

Behind the Markets: Greg Valliere Oct 31, 2019

Show from 11/1/19 In this episode of Behind the Markets Jeremy Siegel kicks off the show discussing positive market news and what he calls a Goldilocks jobs report. He gets into a variety of topics including the latest news about labor markets and how they went up 1/10 which means we're supplying enough workers and wages are not inflationary. Then Jeremy schwartz and Liqian Ren talk with political expert Greg Valliere about what is going on in Washington. Guest: Greg Valliere - Chief US Policy Strategist at AGF Investments More on AGF Investments: https://www.agf.com/us/index.jsp Follow AGF Investments on Twitter: @agf

Behind The Markets Podcast: Caesar Maasry Oct 30, 2019

Show from 11/1/19 In this episode of Behind the Markets Jeremy Schwartz and Liqian Ren discuss asset management with an expert from Goldman Sachs, Caesar Maasry. They start out discussing the importance of US asset markets and then move to discuss international markets such as China, the largest economy in the EM world for equities. Guest: Caesar Maasry - He leads the emerging markets cross asset strategy team at Goldman Sachs More information on Goldman Sachs: https://www.goldmansachs.com/ Follow them on Twitter: @GoldmanSachs

Behind the Markets Podcast: John Davi Oct 23, 2019

Show from 10/25/19 In this episode of Behind the Markets hosts Jeremy Schwartz and Liqian Ren talk to a returning guest from Astoria Portfolio Advisors about topics such as low volatility, sector constraints, ETFs, emerging markets, and more. Guest: John Davi - Founder and Chief Investment Officer at Astoria Portfolio Advisors Follow him on Twitter: @AstoriaAdvisors Find out more about Astoria Portfolio Advisors: https://www.astoriaadvisors.com/

Behind the Markets Podcast: Marc Chandler on Global Economy, Interest Rates, & the Bond Market Oct 22, 2019

Show from 10/25/19 In this episode Jeremy Schwartz and Jeremy Siegel discuss this weeks financial news including highs in the market and the S&P 500 breakout. Then Jeremy Schwartz talks to returning guest Marc Chandler of Bannockburn Global Forex about a wide range of topics such as currency markets, interest rates, the bond market, and the global economy. Guest: Marc Chandler, who is a Chief Market Strategist at Bannockburn Global Forex. He writes a widely followed blog called Marc to Market. Chandler is a frequent guest on CNBC, Bloomberg Television, FOX Business, Business News Network, and Nightly Business Report where he provides his insights on the global capital markets. Chandler has been published in the Financial Times, Foreign Affairs, Barrons, The Nation, Euromoney Institutional Investor, and Corporate Finance. He is regularly published by Seeking Alpha and TheStreet.com. Follow him on Twitter: @marcmakingsense Check out his Marc Chandler's articles here: www.marctomarket.com/2019/07/interv…and-bluff.html

Behind The Markets Podcast: Mike Hurley on Internal Market Behavior Oct 17, 2019

Show from 10/18/19 In this episode of Behind the Markets host Jeremy Siegel gives his weekly market update addressing recent weaknesses and the impact of trade deals. Then host Jeremy Schwartz talks to a technical strategist about internal market behavior as well as across asset classes from stocks to bonds and commodities. Guest: Mike Hurley: Chief Market Strategist for Highland Capital Management and portfolio manager for the Highland Socially Responsible Equity Fund. More Information on Highland Capital Management: https://www.highlandcapital.com/ Check out his work on the Highland Socially Responsible Equity Fund: https://www.highlandfunds.com/socially-responsible-equity-fund/

Behind the Markets Podcast: Stephen Sexauer, Jose Brito & Jillian Fornito Oct 11, 2019

Show from 10/11/19 In this episode of Behind the Markets hosts Jeremy Schwartz and Liqian Ren talk with guests Stephen Sexauer, Jose Brito & Jillian Fornito about Market Growth and The European Outlook. Guest: Stephen Sexauer oversees SDCERA's investment strategy for the Fund's public and private investments, investment team and investment consultants. In addition to the day-to-day operation of SDCERA's Investment Division, he also assists SDCERA's Board with determining the Fund's investment policies, strategy and asset allocation. Check out more information here https://www.conference-board.org/bio/index.cfm?bioid=1036 Guest: José Brito, Ph.D, has previously worked as an economist at the Monetary Authority of Macau and the Bank of Portugal. Currently he works at Millenniumbcp, the biggest Portuguese private banking group, as the institution’s chief economist after having held the position of head of financial markets research. He has published several papers in international refereed academic journals and op-eds in the Portuguese and international press, including the Financial Times and the Handelsblatt. Check out more information here: https://www.researchgate.net/profile/Jose_Brito5 Guests: Jill Fornito joined the Global Interdependence Center in 2008 as the assistant director with a broad scope of responsibilities including organizational and program management. In 2011, Jill assumed the role of director of operations, focusing mainly on the planning and execution of GIC’s domestic and international conferences. Jill was named the executive director in 2017 as she continues to oversee the daily operations of the GIC office, including development, financial administration, program coordination and communications. She is also the author of GIC’s Travel Blog Check out more information here: https://www.interdependence.org/author/jfornitointerdependence-org/

Behind the Markets Podcast: Anne Marie Knott & Chris Jones Oct 04, 2019

Show from 10/04/19 In this episode of Behind the Markets hosts Jeremy Schwartz and Liqian Ren talk with guests Anne Marie Knott & Chris Jones about investment management and they break down the term research quotient. Guest: Anne Marie Knott, the Robert and Barbara Frick Professor in Business at Olin Business School at Washington University in St Louis. Prior to her appointment at Olin, she was Assistant Professor of Management at the Wharton School. Check out more information here:https://olin.wustl.edu/EN-US/Faculty-Research/Faculty/Pages/FacultyDetail.aspx?username=knott Guest: Chris Jones, Chief Investment Officer and Executive Vice President of Investment Management at an advisory firm called Financial Engines. Check out more information here: https://www.institutionalinvestor.com/article/b14z9xvj12xyf7/financial-engines-cio-chris-jones-champions-conflict-free-advice

Behind the Markets Podcast: Charles Evans Oct 04, 2019

Show from 10/04/19 In this episode of Behind the Markets hosts Jeremy Schwartz talk with guest Charles Evans about the financial innovation and size premium. Guest: Charles L. Evans has served as president and chief executive officer of the Federal Reserve Bank of Chicago since September 2007. In that capacity, he serves on the Federal Open Market Committee (FOMC), the Federal Reserve System's monetary policymaking body. Check out more information here: https://www.chicagofed.org/people/e/evans-charles

Behind the Markets Podcast: Ray Ball Sep 25, 2019

Show from 9/27/19 In this episode of Behind the Markets hosts Jeremy Schwartz and Liqian Ren talk with guest Ray Ball about the financial innovation and size premium. Guest: Ray Ball, the Sidney Davidson Distinguished Service Professor of Accounting at the University of Chicago’s Booth School of Business. Ray and his colleague Philip Brown are being honored at the conference with the 2019 Wharton-Jacobs Levy Prize for Quantitative Financial Innovation. Check out more information here: https://www.analysisgroup.com/experts-and-consultants/affiliated-experts/ray-ball/

Behind the Markets Podcast: Matthew Ringgenberg & Mihail Velikov Sep 24, 2019

Show from 9/27/19 In this episode of Behind the Markets hosts Jeremy Schwartz and Liqian Ren talk with guests Matthew Ringgenberg and Mihail Velikov about the studies of anomalies and universal accounting standards. Guest: Matthew Ringgenberg, Associate Professor of Finance at the University of Utah. Matt presented a paper this morning called “Anomaly Time” Check out more information here: https://eccles.utah.edu/team/matthew-ringgenberg/ Guest: Mihail Velikov, an assistant professor of finance at the Smeal College of Business at Penn State University. Prior to Penn State, he spent four years at the Federal Reserve Bank of Richmond. He was part of a panel that gave a trading cost perspective on the Anomaly paper. Check out more information here: https://www.nber.org/people/mihail_velikov

Behind The Markets Podcast: James Bullard Sep 19, 2019

Show from 9/20/19 In this episode of Behind the Markets hosts Jeremy Schwartz and Professor Sigel talks with guest James Bullard about the FOMC Meeting and monetary policy.. Guest: James Bullard is is the president and CEO of the Federal Reserve Bank of St. Louis. In that role, He is a participant on the Federal Reserve’s Federal Open Market Committee (FOMC), which meets regularly to set the direction of U.S. monetary policy. He also oversees the Federal Reserve’s Eighth District, including activities at the St. Louis headquarters and its branches in Little Rock, Arkansas, Louisville, Kentucky., and Memphis, Tennessee. Check out more information here: https://www.stlouisfed.org/about-us/leadership-governance/bank-officers/executive-bios/james-bullard

Behind The Markets Podcast: Nicholas Johnson Sep 11, 2019

Show from 9/13/19 In this episode of Behind the Markets hosts Jeremy Schwartz and Liqian Ren talks with guest Nicholas Johnson about global markets and platform businesses. Guest: Nicholas Johnson, Principal at Applico, where he works directly with Fortune 500 C-Suites and Boards to help them build and buy their own platform businesses. He is the co-author of Applico’s Amazon-best seller Modern Monopolies Follow him on Twitter: @NLJ_1 Check out his website here: https://www.applicoinc.com/

Behind The Markets Podcast: Peter Boockvar & Jim Bianco Sep 04, 2019

Show from 9/6/19 In this episode of Behind the Markets hosts Jeremy Schwartz talks with guests Peter Boockvar & Jim Bianco about global monetary policy, investment strategy, and the stock outlook. Guest: Peter Boockvar, is the Chief Investment Officer and portfolio manager for Bleakley Advisory Group, a $4.5b wealth management firm. He is also the Editor of The Boock Report, a macro economic and market newsletter, as well as a CNBC contributor. Follow him on Twitter: @pboockvar Check out his website here: https://boockreport.com Guest: Jim Bianco, President and CEO of Bianco Research. In nearly 20 years at Bianco Research, Jim’s wide ranging commentaries have addressed monetary policy, the intersection of markets and politics, the role of government in the economy, fund flows and positioning in financial markets. Follow him on Twitter: @biancoresearch Check out his website here: https://www.biancoresearch.com/free-trial/?source=TWTR

Behind The Markets Podcast: Kevin Muir Aug 22, 2019

Show from 8/23/19 In this episode of Behind the Markets host Jeremy Schwartz talks with guest Kevin Muir about bond market strategy and government spending. Guest: Kevin Muir who is market strategist at East West Investment Management. He’s also the author of the MacroTourist newsletter and he hosts his own podcast called The Market Huddle. Follow him on Twitter: @kevinmuir Check out his podcast here: https://www.youtube.com/watch?v=_AI_WvHrGV4

Behind The Markets Podcast: Dave Donabedian Aug 22, 2019

Show from 8/23/19 In this episode of Behind the Markets host Jeremy Schwartz talks with guest Dave Donabedian about fed policy and the global market outlook . Guest: Dave Donabedian is the chief investment officer of CIBC Private Wealth Management, whose responsibilities include chairing the Asset Allocation Committee, as well as providing oversight of internal investment strategies and the external manager selection platform. He’s also a proud Wharton alum with a Bachelor of Science in economics and a Bachelor of Arts with honors--1984 Undergrad. Follow him on Twitter: @ddonabedian Check out his company CIBC here: https://private-wealth.us.cibc.com/

Behind The Markets Podcast: Samuel Rines & Danielle Booth Aug 16, 2019

Show from 8/16/19 In this episode of Behind the Markets hosts Jeremy Schawrtz and Liqian Ren talk with guests Samuel Rines and Danielle DiMartino Booth about monetary policy and the fears of a recession. Guest: Samuel E. Rines is Chief Economist at Avalon Advisors. Prior to joining Avalon, Samuel was an Economist and Analyst at Chilton Capital Management. His writing has appeared in the Wall Street Journal, The National Interest, on CNBC and has been covered by Bloomberg and Reuters along with other media outlets. He was a Student Fellow at the American Institute for Economic Research where he received the Roy Anderson Faulke Award. While working on his degree, Samuel spent two trimesters at Oxford University studying Development Economics. His book, "After Normal: Making Sense of the Global Economy", is available at Amazon.com. Follow him on Twitter: @SamuelRines Check out his book here: https://www.amazon.com/After-Normal-Making-Global-Economy/dp/1974166198 Guest: Danielle DiMartino Booth is CEO and Chief Strategist for Quill Intelligence LLC, a research and analytics firm celebrating its one-year anniversary of launching The Daily Feather and the four-year anniversary of the Weekly Quill. Follow him on Twitter: @DiMartinoBooth Check out her latest article here: https://www.interdependence.org/blog/modern-meritocracy-theory-pledging-allegiance-to-an-american-mmt/

Behind The Markets Podcast: Wu Alfred Muluan Aug 09, 2019

Show from 8/9/19 In this episode of Behind the Markets host Liqian Ren talks to Professor Wu Alfred Muluan. They discuss everything from the Hong Kong protest to the economic decline in Hong Kong. Guest: Wu Alfred Muluan is a Assistant Dean and Associate Professor in Lee Kuan Yew School of Public Policy at National University of Singapore. He earned his PhD from City University of Hong Kong, where he was the recipient of the German Academic Exchange Service (DAAD) scholarship and the Outstanding Academic Performance Awards for Research Degree Students. He previously served as an associate professor in the Department of Asian and Policy Studies at The Education University of Hong Kong, a senior research associate in the Department of Public and Social Administration at City University of Hong Kong, and from 2000-2007 a senior journalist in Mainland China, where he received over a dozen awards and honours for outstanding journalism both from Chinese and overseas organizations. Follow him on Twitter: @alfredmwu Check out his blog here: https://alfredmwu.wordpress.com/

Behind The Markets Podcast: Marc Chandler Aug 09, 2019

Show from 8/9/19 In this episode of Behind the Markets host Liqian Ren starts the show off with a market update and the US China trade war with Professor Jeremy Siegel. Liqian Ren discusses everything from US China trade war to the Federal Reserve. Guest: Marc Chandler, who is a Chief Market Strategist at Bannockburn Global Forex. He writes a widely followed blog called Marc to Market. Chandler is a frequent guest on CNBC, Bloomberg Television, FOX Business, Business News Network, and Nightly Business Report where he provides his insights on the global capital markets. Chandler has been published in the Financial Times, Foreign Affairs, Barrons, The Nation, Euromoney Institutional Investor, and Corporate Finance. He is regularly published by Seeking Alpha and TheStreet.com. Follow him on Twitter: @marcmakingsense Check out his Marc Chandler's articles here: http://www.marctomarket.com/2019/07/intervention-huff-puff-and-bluff.html

Behind the Markets Podcast: Professor Hanming Fang Aug 02, 2019

Show from 8/2/19 In this episode of Behind the Markets hosts Jeremy Schwartz and Liqian Ren bring in an expert on China's economy. They discuss everything from US foreign trade, to the housing market in China and health care reform. Guest: Hanming Fang is Class of 1965 Term Professor of Economics and Professor of Health Care Management at the University of Pennsylvania. He is also the International Dean of the School of Entrepreneurship and Management at ShanghaiTech University in China. Professor Fang is one of the founders of a company called VoxChina, which is described on its website as a “bridge on economic issues between China and the World”. Follow his work with Vox China on Twitter: @VoxChina2017 Check out his economic research here: https://economics.sas.upenn.edu/people/hanming-fang

Behind the Markets Podcast: Brian Wesbury Aug 01, 2019

Show from 8/2/19 In this episode of Behind the Markets hosts Jeremy Schwartz and Liqian Ren kick off the show getting a market update and talking fed policy with Professor Jeremy Siegel. Then they bring on an economist at First Trust Advisors to talk about trade, China, and the fed. Will job growth increase? What is the outlook for US equity markets? And what will be the effects of President Trump's trade decisions? Our guest will discuss all that and more. Guest: Brian Wesbury is Chief Economist at First Trust Advisors L.P., a financial services firm based in Wheaton, Illinois. Mr. Wesbury was a member of the Academic Advisory Council of the Federal Reserve Bank of Chicago from 1999-2007 and has been a regular attendee of the Economist Roundtable Luncheon at the Chicago Fed since 2007. In 2012, he was named a Fellow of the George W. Bush Presidential Center in Dallas, TX where he worked closely with its 4%-Growth Project. His writing appears in various magazines, newspapers and blogs, and he appears regularly on Fox, Bloomberg, CNBC and BNN Canada TV. In 1995 and 1996, he served as Chief Economist for the Joint Economic Committee of the U.S. Congress. The Wall Street Journal ranked Mr. Wesbury the nation’s #1 U.S. economic forecaster in 2001, and USA Today ranked him as one of the nation’s top 10 forecasters in 2004. Follow him on Twitter: @wesbury For more on First Trust Advisors visit their website: https://www.ftportfolios.com/

Behind the Markets Podcast: David Rosenberg Jul 24, 2019

Show from 7/26/19 Jeff Weniger, Director of Asset Allocation at WisdomTree, steps in to host this special edition of Behind the Markets with Jeremy Schwartz and Jeremy Siegel! They talk to David Rosenberg about the European Central Bank, interest rates and the fed. They also review the flood of corporate earnings out this week and what they say about the U.S. economy. Plus a look at global markets from Japan to Switzerland. Guest: David Rosenberg, Chief Economist and Strategist at Gluskin Sheff, a Canadian-based wealth management firm. Dave was Chief North American Economist at Merrill Lynch in New York for seven years, during which he was consistently ranked in the Institutional Investor All-Star analyst rankings. He also writes a very popular daily newsletter called Breakfast with Dave. Breakfast with Dave: For a three month trial email drosenberg@gluskinsheff.com Check out his site: https://www.gluskinsheff.com/Thinking/Research Follow him on Twitter: @EconguyRosie

Behind the Markets Podcast: Dr. Mark McClellan Jul 19, 2019

Show from 7/19/19 In this episode of Behind the Markets Host Liqian Ren flies solo and talks to a doctor who works in the Center for Health Policy at Duke University about the future of health care. He says that people should watch the opinions of presidential candidates on health care after the primaries and that the 2020 elections will be key to industry reforms. They also get into the question of how China will improve its health care system using the private sector. Guest: Dr. Mark McClellan - The Robert J. Margolis Professor of Business, Medicine, and Policy, and Director of the Duke-Margolis Center for Health Policy at Duke University. Dr. McClellan is a former administrator of the Centers for Medicare & Medicaid Services (CMS) and former commissioner of the U.S. Food and Drug Administration (FDA), where he developed and implemented major reforms in health policy. Follow the Duke-Margolis Center on Twitter: @dukemargolis Follow his research here: https://healthpolicy.duke.edu/mark-mcclellan-md-phd

Behind The Markets Podcast: Dr. Zhou Yang Jul 19, 2019

Show from 7/19/19 Host Liqian Ren flies solo in this episode of Behind the Markets all about health care and economic growth. She talks with a health policy adviser to the World Bank Group about how China is developing it's health care system, even implementing some of the systems used in the US. They get into topics such as NHSA, China's national health insurance, and applying Medicare and Medicaid. Tune in to figure out the future of these markets. Guest: Dr. Zhou Yang - Health policy advisor to the World Bank Group, and the founder and CEO of Yang and Partners LLC. Follow her on Twitter: @zyangunc Check out her research here: https://www.sph.emory.edu/faculty/profile/#!ZYANG26

Behind The Markets: Jesper Koll Jul 12, 2019

Show from 7/12/19 In this episode of Behind the Markets Jeremy Schwartz talks with an expert on Japan. Investors are closely watching Japan, especially after the country's recent trend of capital return to shareholders. From the success of small to medium domestic companies to the effects of activist investors, you'll learn everything you need to know about investing in Japan. Guest Jesper Koll was appointed Chief Executive Officer of WisdomTree Japan on July 1, 2015. Over the past two decades Jesper has been consistently ranked as one of the top Japan strategists/economists, working as Chief Strategist and Head of Research for major U.S. investment banks J.P. Morgan and Merrill Lynch. His analysis and insights have earned him a position on several Japanese government advisory committees and Jesper is also one of the few non-Japanese members of the Keizai Doyukai, the Japan Association of Corporate Executives. He has written two books in Japanese, Towards a New Japanese Golden Age and The End of Heisei Deflation. After arriving in Japan in 1986 Jesper initially worked as an aide to a Member of Parliament. Jesper has a Masters degree from the School of Advanced and International Studies at Johns Hopkins University and was a research fellow at both Tokyo University and Kyoto University. He is a graduate of the Lester B. Pearson College of the Pacific. Twitter: @WisdomTreeETFs

Behind The Markets: Thomas Barkin Jul 12, 2019

Show from 7/12/19 In this episode of Behind the Markets, Jeremy Schwartz talks to the President of the Richmond Fed about of the Richmond Fed.about US economic outlook, interest rates, and fed policy. Guest Tom Barkin - President and Chief Executive Officer of the Richmond Fed. He joined the Richmond Fed in January 2018. In this role, he is responsible for the Bank’s monetary policy, bank supervision and regulation, and payment services as well as oversight of the Federal Reserve System’s information technology organization. Barkin served as a voting member in 2018 on the Federal Reserve’s chief monetary policy body, the Federal Open Market Committee. Prior to joining the Richmond Fed, Barkin was a senior partner and chief financial officer at McKinsey & Company, a worldwide management consulting firm. Barkin oversaw McKinsey’s offices in the southern United States and provided strategic counsel to a diverse portfolio of clients. Barkin also served on the board of directors for the Federal Reserve Bank of Atlanta from 2009 to 2014 and was the board’s chairman from 2013 to 2014. Barkin is a member of the Emory University Board of Trustees and the Greater Washington Partnership. Barkin earned his bachelor’s, master’s and law degrees from Harvard University. Follow him on Twitter: @RichmondFed

Behind the Markets Podcast: Perth Tolle & Wes Gray Jun 27, 2019

Show from 6/28/19 More and more investors want to use their money to support companies that they can feel good about. In this episode of Behind the Markets, host Jeremy Schwartz talks to the founder of the Life and Liberty Freedom 100 Emerging Markets Index—which takes your money and invests it in developing markets that protect and promote human and economic freedoms. Find out how you can do more socially responsible investing! Guests: Perth Tolle: Perth Tolle is the founder of Life + Liberty Indexes. Prior to forming Life + Liberty Indexes, Perth was a private wealth advisor at Fidelity Investments in CA and TX. Prior to Fidelity, Perth lived and worked in Beijing and Hong Kong, where her observations led her to explore the relationship between freedom and markets. Through her China experience she gained a high level of conviction regarding the impact of sound governance, individual freedoms, and rule of law on economic growth and innovation. Perth is a frequent speaker at investment industry events and is quoted in various financial media. She is a member of Women in ETFs and a graduate of Trinity University with a Bachelor of Science in finance and marketing. Twitter handle: @Perth_Tolle Wes Gray: After serving as a Captain in the United States Marine Corps, Dr. Gray earned an MBA and a PhD in finance from the University of Chicago where he studied under Nobel Prize Winner Eugene Fama. Next, Wes took an academic job in his wife’s hometown of Philadelphia and worked as a finance professor at Drexel University. Dr. Gray’s interest in bridging the research gap between academia and industry led him to found Alpha Architect, an asset management firm dedicated to an impact mission of empowering investors through education. He is a contributor to multiple industry publications and regularly speaks to professional investor groups across the country. Wes has published multiple academic papers and four books, including Embedded (Naval Institute Press, 2009), Quantitative Value (Wiley, 2012), DIY Financial Advisor (Wiley, 2015), and Quantitative Momentum (Wiley, 2016). Dr. Gray currently resides in the suburbs of Philadelphia with his wife and three children. Twitter handle: @alphaarchitect Website for Freedom Fund: https://www.lifeandlibertyindexes.com/

Behind The Markets Podcast Special with The Former Bank Of India Governor Jun 21, 2019

Show from 6/21/19 In this special edition of Behind the Markets Hosts Jeremy Schwartz, Jeremy Siegel, Liqian Ren, and Gaurav Sinha talk to the former Governor of the Bank of India, who is now at the University of Chicago. They get insight into monetary policy at its highest levels. Plus an in depth look at European and Asian economies. Find out why he thinks the world cannot continue to rely on cheap money and his opinion on what the slowing growth of the labor force means for global markets. Guest: Professor Raghuram Rajan - Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago’s Booth School of Business. He was the 23rd Governor of the Reserve Bank of India between September 2013 and September 2016. Between 2003 and 2006, Dr. Rajan was the Chief Economist and Director of Research at the International Monetary Fund. He’s just published a new book called The Third Pillar: How the State and Markets are leaving Communities Behind. His Booth Faculty Page: https://www.chicagobooth.edu/faculty/directory/r/raghuram-g-rajan Link to his book "The Third Pillar" https://www.amazon.com/Third-Pillar-Markets-Community-Behind-ebook/dp/B07DSZFVKS

Behind The Markets Podcast: Ruchir Sharma Jun 14, 2019

Show from 6/14/19 In this episode Jeremy Schwartz and Guarav Sinha talk to head of emerging markets and chief global strategist at Morgan Stanley Investment Management about India. They talk about the likelihood of a reform process to reverse in India, the centralization of power in the country, and much more. Guest: Ruchir Sharma - Head of Emerging Markets and Chief Global Strategist at Morgan Stanley Investment Management. He’s also a successful author and has a new book called Democracy on the Road: A 25-Year Journey through India. He typically spends one week every month in a different country where he meets leading politicians, top CEOs and other local characters. Follow his work here: https://www.morganstanley.com/im/en-us/institutional-investor/about-us/investment-professionals/sharma-ruchir.html

Behind The Markets Podcast: Andy Rothman Jun 14, 2019

Show from 6/14/19 In this episode Jeremy Schwartz and Guarav Sinha get into US trade with China and how that will impact markets with an expert on the subject. They talk about opportunities for small entrepreneurial ventures in China, stock picking at the micro level, and much more. Guest: Andy Rothman - Investment Strategist for Matthews Asia. Andy writes a blog called Sinology that is closely followed by investors. Follow him on Twitter: @RothmanAndy Check out his blog here: https://matthewsasia.com/perspectives-on-asia/sinology/default.fs

Behind The Markets Podcast: James Wood-Collins Jun 07, 2019

Show from 6/7/19 Jeremy Schwartz brings on the CEO of London-based currency management firm Record PLC to talk global currencies. They get into European markets, hedging, bonds, equities and much more. Tune in Guest: James Wood-Collins - CEO of Record PLC Find out more about Record PLC here: https://www.recordcm.com/ You can also follow Record PLC on Twitter: @RecordCurrency

Behind The Markets Podcast: Frederik Ducrozet Jun 07, 2019

Show from 6/7/19 Jeremy Schwartz and Jeremy Siegel kick off the show discussing the latest market news from the May jobs report to the Mexico/ China tariffs. Then they talk to a Geneva-based strategist who follows central banks and what the markets are saying about a possible interest rate cut from the Fed. They get into negative interest rates, the tech sector, innovation, ECB habits and more. Tune in Guest: Frederik Ducrozet - Senior Economist and Global Macro Strategist at the Pictet Group, based in Geneva Switzerland. For more on Pictet Group visit their website: https://www.group.pictet/ Follow him on Twiiter: @fwred

Behind the Markets Podcast: Peter Mallouk May 30, 2019

Show from 5/31/19 Jeremy Schwartz and Wharton Finance Professor Jeremy Siegel talk to the founder of Creative Planning, named the #1 Independent Wealth Management Firm in America by Barron’s. What is his strategy in this volatile market? Tune in and find out Creative Planning Legal Disclosures: https://creativeplanning.com/important-disclosure-information/ Guest: Peter Mallouk - Founder and President of Creative Planning Follow Peter on Twitter: @PeterMallouk Check out their website: creativeplanning.com/

Behind The Markets Podcast: Srinivas Thiruvadanthai, Guarav Sinha, & Peter Mallouk May 30, 2019

Show from 5/31/19 India’s Prime Minister was re-elected in a landslide. Hosts Jeremy Schwartz and Associate Director of Asset Allocation and Modern Alpha at WisdomTree Guarav Sinha talk about what his plans might be for spurring economic growth in the country and what opportunities there might be for investors in that region. Then Wharton Finance Professor Jeremy Siegel joins the show and they talk to the founder of Creative Planning, named the #1 Independent Wealth Management Firm in America by Barron’s. What is his strategy in this volatile market? Tune in and find out Guests: Srinivas Thiruvadanthai - Director of Research for the Jerome Levy Forecasting Center Follow Sri on Twitter: @teasri Guarav Sinha - Associate Director of Asset Allocation and Modern Alpha at WisdomTree Peter Mallouk - Founder and President of Creative Planning Follow Peter on Twitter: @PeterMallouk Check out their website: https://creativeplanning.com/

Behind The Markets Podcast: Alex Moazed & Rafi Aviav May 24, 2019

Show from 5/24/19 In this episode of the Behind the Markets podcast host Jeremy Schwartz talks to the Founder and CEO of Applico, a company that helps new and existing businesses build their own platforms. He’ll explain that while a traditional business model creates value through linear supply chain production, a platform business is non-linear and can connect interdependent groups of consumers and producers. Companies like Amazon, Walmart and Microsoft have made the switch—so is this the business model you should consider for your company? Guests Alex Moazed, Founder of Applico. He founded Applico in 2009 when he was 20 years old and funded the company with his own credit cards. Alex co-authored the best-selling book, Modern Monopolies, which defines the platform business model dominating the 21st century economy. In his role as CEO, he works directly with Fortune 500 C-suites and boards to help them build or buy their own platform businesses. Alex is a graduate of Babson College, Choate Rosemary Hall and Greenwich Country Day School. For more on Applico visit this link: https://www.applicoinc.com/ Rafi Aviav - Head Of Product Development at WisdomTree in Europe. He has an MBA in Analytic (Quantitative) Finance from the University of Chicago’s Booth School of Business, as well as a BA in economics from Tel Aviv University.

Behind The Markets Podcast: Reunion Radio Special May 17, 2019

Show from 5/17/19 Tune in for this special Reunion Radio edition of Behind the Markets featuring two experts on China! JeremySchwartz and Liqian Ren get into China/ US trade, the Asia Credit Bond Index, and more. Guests: Chad Liu - Founder and Chairman of Prudence Investment Management More about them here: http://www.prudenceinv.com/ Dali Yang - The William Claude Reavis Professor of Political Science at the University of Chicago. Check out his work here: https://political-science.uchicago.edu/directory/dali-yang

Behind The Markets Podcast: David Lai & Keith Wardrip May 09, 2019

Show from 5/10/19 Investors are nervous about trade talks between China and the U.S. and stocks have been off their highs as a result. In this episode of Behind the Markets, Jeremy Schwartz talks to his guests about the outlook for a new agreement without President Trump imposing tariffs. Jeremy also discusses a report from the Philadelphia Federal Reserve Bank that has advice for job seekers without a college degree—stay out of big cities! Tune in Guests: David Lai - A Partner and Co-Chief Investment Officer of Premia Partners More info here: https://www.premia-partners.com/ Keith Wardrip - Who is Community Development Research Manager at the Philadelphia Federal Reserve Bank. He’s one of the authors of a report on what are known as “opportunity occupations” Read the report here: https://www.philadelphiafed.org/-/media/community-development/publications/special-reports/identifying_opportunity_occupations/opportunity_occupations_revisited.pdf?la=en

Behind The Markets Podcast: Chris Jones & Anne Marie Knott May 03, 2019

Show from 5/3/19 In this episode of Behind the Markets our hosts Jeremy Schwartz and Liqian Ren talk about innovation in finance. First they bring on Wharton Professor Jeremy Siegel for his weekly update, this week he discussed stagnant Fed rates and the slowdown in business investment and household spending. Then they bring on the CIO and Executive Vice President of Investment Management at Financial Engines to talk about retirement planning and robo-investors. Then we bring on the author of the book "How Innovation Really Works." She gets into RQ having the same predictive factor as momentum and multinational companies vs non-multinationals in regards to innovation. Tune in! Guests: Chris Jones - Chief Investment Officer and Executive Vice President of Investment Management at Financial Engines. More about Financial Engines here: https://financialengines.com/ Anne Marie Knott - Robert and Barbara Frick Professor in Business at Olin Business School at Washington University and author of “How Innovation Really Works” Prior to her appointment at Olin, she was Assistant Professor of Management at the Wharton School. Follow her research here: https://olin.wustl.edu/EN-US/Faculty-Research/Faculty/Pages/FacultyDetail.aspx?username=knott Check out her book here: https://www.amazon.com/How-Innovation-Really-Works-Trillion-Dollar/dp/1259860930

Behind The Markets Podcast: Matt McAleer & Allison Schrager Apr 26, 2019

Show from 4/26/19 In this episode our hosts Jeremy Schwartz and Liqian Ren start off the show talking to the Executive Vice President and Director of Equity Strategies at Cumberland Advisors about European markets, sector investing, South Africa, market momentum, and much more. Then they bring on economist and author of the new book "An Economist Walks Into a Brothel: And Other Unexpected Places to Understand Risk." She gets into retirement, managing risk, and trading bonds. Guests: Matt McAleer- Executive Vice President and Director of Equity Strategies at Cumberland Advisors. Follow Cumberland Advisors on Twitter: @CumberlandADV Allison Schrager - An economist who is co-founder of the risk advisory firm LifeCycle Finance Partners, LLC and a journalist at Quartz. She’s also the author of a great new book called AN ECONOMIST WALKS INTO A BROTHEL: And Other Unexpected Places to Understand Risk. Follow Allison on Twitter: @AllisonSchrager More on Allison & her book here: https://www.allisonschrager.com/

Behind the Markets Podcast Special: Market Outlook in India Apr 16, 2019

In this special edition of Behind the Markets Jeremy Schwartz and Gaurav Sinha of WisdomTree talk to Srinivas Thiruvadanthai, Director of Research for the Jerome Levy Forecasting Center, about economic trends in India. They discuss what sectors to pay attention to in India, consumption in the country, the benefits of export driven economy, and more. Guests: Srinivas Thiruvadanthai, Director of Research for the Jerome Levy Forecasting Center Follow Sri on Twitter: @teasri Fore More on the Jerome Levy Forcasting Center: www.levyforecast.com/ Gaurav Sinha - Associate Director of Asset Allocation and Modern Alpha at WisdomTree You can also follow our host on twitter: @JeremyDSchwartz

Behind the Markets Podcast: Steve Cordasco, Srinivas Thiruvadanthai, & Gaurav Sinha Apr 11, 2019

Show from 4/12/19 How much money will you really need to retire? In this episode of Behind the Markets hosts Jeremy Schwartz, Jeremy Siegel and Liqian Ren talk to the CEO of the Cordasco Financial Network, named one of the top financial advisers in the Philadelphia Area by Smart Asset. They also focus on investment opportunities in Japan, China and India. Tune in Guests: Steve Cordasco, Founder and CEO of the Cordasco Financial Network Follow CFN on Twitter: @CFNPlan For more info on CFN visit their website: https://cfnplan.com/ Srinivas Thiruvadanthai, Director of Research for the Jerome Levy Forecasting Center Follow Sri on Twitter: @teasri Fore More on the Jerome Levy Forcasting Center: https://www.levyforecast.com/ Gaurav Sinha - Associate Director of Asset Allocation and Modern Alpha at WisdomTree You can also follow our hosts on twitter: @JeremyDSchwartz and @RLiqian

Behind The Markets Podcast: Tim Duy & Josh Brown Apr 05, 2019

Show from 4/5/19 Today’s show is all about Federal Reserve policy! Hosts Jeremy Schwartz and Liqian Ren talk to a Fed watcher who thinks fears about a recession can’t be dismissed. They get into inverted yield curves, interest rates, wage growth, and much more. Then they get into robo-trading platforms and investment strategy. Tune in! Guests: Tim Duy - A professor of practice in the Economics Department at the University of Oregon. He’s also the Senior Director of the Oregon Economic Forum, and writes a regular blog called “Tim Duy’s Fed Watch”. Read the blog: https://blogs.uoregon.edu/timduyfedwatch/ Follow him on Twitter: @TimDuy Josh Brown - The CEO of RItholtz Wealth Management, a New York City-based investment advisory firm. Josh has been named by The Wall Street Journal, Barron's and TIME Magazine as the most important financial follow on Twitter, and his blog, The Reformed Broker, is read by millions of investors, traders and advisors around the world. He is also a CNBC Contributor. Follow him on Twitter: @ReformedBroker You can follow our hosts on twitter: @JeremyDSchwartz and @RLiqian

Behind the Markets Podcast: Dr. Diego Rodriguez Palenzuela, Kevin Flanagan, & Jillian Fornito Mar 29, 2019

Show from 3/29/19 We go global when host Jeremy Schwartz talks to an economist from the European Central Bank. What impact are the Brexit negotiations having on the global economy, and why is the ECB’s President worried about negative interest rates? We also talk about whether the Fed’s hints that it’s done raising interest rates will affect the markets and Italy's impact on the ECB. Tune in! Guests: Dr. Diego Rodriguez Palenzuela - Head of the Business Analysis Division, DG-Economics, at the European Central Bank. He’s been with the ECB since 1999 and has a PhD in economics from MIT. More about Diego on the ECB's website: https://www.ecb.europa.eu/pub/research/authors/profiles/diego-rodriguez-palenzuela.en.html Jillian Fornito - Executive Director of the Global Interdependence Center, a nonprofit organization established in 1976 and headquartered inside the Federal Reserve Bank of Philadelphia. GIC’s mission is to facilitate an international dialogue on economics and Diego came to us through her. More on the Global Interdependence Center: https://www.interdependence.org/ Check out the GIC travel blog Jill writes for: https://www.interdependence.org/blog/ Kevin Flanagan– Head of Fixed Income Strategy at WisdomTree

Behind the Markets Podcast: Gene Goldman Mar 22, 2019

Show from 3/22/19 In this episode host Jeremy Schwartz welcomes Gene Goldman to the show to talk about Europe, Japan, and other emerging markets. They also discuss economic data that their watching such as fed rate hikes and oil prices to see if the U.S. is heading towards a recession. Guest: Gene Goldman - Director of Research and Chief Investment Officer at Cetera Investment Management. He provides day-to-day oversight, with a focus on providing unbiased research about the economy and financial markets, asset allocation strategies, mutual funds and other investment related topics. More about Cetera here: https://www.cetera.com/cetera_investment_management Follow him on Twitter: @GeneGoldman1

Behind The Markets Podcast: Guarav Sinha, Jay Hatfield, & Wes Gray Mar 14, 2019

Show from 3/15/19 In this episode of Behind the Markets hosts Jeremy Schwartz and Liqian Ren talk to Wes Gray of AlphaArchitect about the Democratize Quant Conference. Then Guarav Sinha joins the show to discuss tech advances in India and their growing economy. Plus the founder and CEO InfraCap talks about investing in energy and infrastructure and why he's bullish on oil. All that and more Guests: Guarav Sinha - Associate Director of Asset Allocation and Modern Alpha at WisdomTree Wes Gray - CEO of Alpha Architect Follow him on Twitter: @alphaarchitect Jay Hatfield - the Founder and CEO of a firm called InfraCap For more on InfraCap visit: https://www.infracapfunds.com/

Behind the Markets Podcast: Danielle DiMartino & David Keller Mar 07, 2019

Show from 3/8/19 In this episode of Behind the Markets host Liqian Ren and Jeremy Schwartz talk to Danielle DiMartino of Quill Intelligence. She offers up a sobering, unique opinion on the February Jobs Report. Plus they discuss fed policy, interest rates, and European markets. Then they discuss behavioral finance and investment strategy with the president and chief strategist at Sierra Alpha Research LLC. Tune in! Guests: Danielle DiMartino - Booth is CEO and Director of Intelligence for Quill Intelligence, a new research and analytics firm. She is the author of FED UP: An Insider’s Take on Why the Federal Reserve is Bad for America Follow her on Twitter: @DiMartinoBooth Her book: https://www.amazon.com/Fed-Up-Insiders-Federal-Reserve/dp/0735211655 Visit her website: https://dimartinobooth.com/bio/ David Keller - President and Chief Strategist at Sierra Alpha Research LLC, a boutique investment research firm focused on managing risk through market awareness. Follow him on Twitter: @DKellerCMT Company website: https://www.marketmisbehavior.com/

Behind The Markets Podcast: Kelvin Zhang & Peter Bookckvar Feb 28, 2019

Show from 3/1/19 On today's show hosts Jeremy Schwartz and Liqian Ren discuss sector based research, the oil industry, and foreign exchange currencies with the CIO and portfolio manager for Bleakley Advisory Group. Then they talk US Dollar, Retail, Global Economies, & China trade with Peter Boockvar, a bearish CIO and portfolio manager for Bleakley Advisory Group. He will explain why he's holding a lot of cash and favors cheap international markets over the US. All that and more! Guests: Kelvin Zhang - He is a Partner at AlphaLetters LLC, a quantitative research company serving fund investors worldwide. Kelvin joined AlphaLetters in 2014 and leads its research, and product development—and has an MBA from the Wharton School, class of 2003. For more info visit: http://www.alphaletters.com/ Peter Boockvar - Chief Investment Officer and portfolio manager for Bleakley Advisory Group, a 4-point 5 billion dollar wealth management firm. Peter is also the Editor of The Boock Report, a macro economic and market newsletter, and a CNBC contributor. For more info visit: https://www.bleakley.com/

Behind The Markets Podcast: Bill Stone & Martin Fridson Feb 22, 2019

Show from 2/22/19 In this episode of Behind the Markets Jeremy Siegel joins at the top for his market outlook. He discusses the Fed, the deal with China, and emerging markets.Then hosts Jeremy Schwartz and Liqian Ren bring on Bill Stone of Avalon Advisors and discuss global markets, job growth, the housing sector and much more. Plus in the second half of the show Marty Fridson of Lehmann Livian Fridson Advisors joins the hosts to discuss high yield investing. Guests: Bill Stone, Chief Investment Officer at Avalon Advisors Follow him on Twitter @ewstone For more info visit: http://avalonadvisors.com/ Martin Fridson, Chief Investment Officer at Lehmann Livian Fridson Advisors Follow him on Twitter @MartinFridson For more information on Martin visit: http://www.martinfridson.com/ For more info on his firm visit: https://www.llfadvisors.com/

Behind the Markets Podcast w/ Liqian Ren: Greg Valliere & Simon White Feb 14, 2019

Show from 2/15/19 In this episode of the Behind the Markets Podcast hosts Jeremy Schwartz and Liqian Ren get into politics with Greg Valliere of AGF Investments. They talk about the Fed's reaction to Trump politics, the Russia investigation, the likelihood that Trump will be impeached, and much more. Then they bring on Simon White of Varient Perception to discuss fed rate hikes and global economies. Tune in! Guests: Greg Valliere - Chief U.S. Policy Strategist at AGF Investments Simon White - Managing Editor of Variant Perception, an independent research firm

Behind the Markets Podcast w/ Liqian Ren: John Davi Feb 01, 2019

Show from 2/1/19 In this episode of Behind the Markets hosts Jeremy Schwartz and Liqian Ren talk to John Davi about market outlook, china, interest rates and much more. They get into everything from liquid asset classes, emerging market debt and equities to large cap growth stocks. Tune in and learn how to manage your portfolio! Guest: John Davi - Founder and Chief Investment Officer at Astoria Portfolio Advisors Follow him on Twitter @AstoriaAdvisors For more information visit this link: https://www.astoriaadvisors.com/

Behind The Markets Podcast: Phil Huber Jan 25, 2019

Show from 1/25/19 In this episode of Behind the Markets host Jeremy Schwartz talks with popular financial markets blogger Phil Huber, who says it’s a mistake to blame any one factor for recent market volatility—whether it’s the Fed, worries about a trade war, or the government shutdown, Huber says you should be thinking about what you can do with your portfolio. Guest: Phil Huber is chief investment officer for Huber Financial, responsible for overseeing all investment and portfolio-management related functions. As chairman of the firm’s Investment Committee, Phil directs all research efforts that he and his team perform on asset managers, investment strategies and portfolio construction techniques. More about him on the Huber Financial website: https://huberfinancial.com/ Follow him on Twitter: @bpsandpieces

Behind The Markets Podcast w/ Liqian Ren: Dingding Chen Jan 18, 2019

Show from 1/18/19 In this episode of Behind the Markets hosts Jeremy Schwartz and Liqian Ren discuss Chinese foreign policy with Dingding Chen of Jinan University. They talk about how he was the first to predict Trump's victory 3 years ago and China's stance on the current trade war. They also get into emerging technology and government tracking in China. All that and more! Guest: Dingding Chen - Professor of International Relations and Associate Dean of Institute for 21st Century Silk Road Studies at Jinan University, Guangzhou, China. He is also the Founding Director of Intellisia Institute, a newly established independent think tank focusing on international affairs in China. His research interests include Chinese foreign policy, Asian security, Chinese politics, and human rights. Read articles he's written for The Diplomat: https://thediplomat.com/authors/dingding-chen/ His Academic Papers: http://jinan.academia.edu/DingdingChen Follow him on Twitter: @ChenDingding

Behind the Markets Podcast w/ Liqian Ren: Michael Oyster Jan 11, 2019

Show from 1/11/19 In this episode of Behind the Markets Jeremy Siegel starts off the show with his weekly market update talking about everything from unemployment to Fed fund rates and reserves. Then hosts Liqian Ren and Jeremy Schwartz talk about China's economy, the new year, and the one child policy. Plus Michael Oyster joins the show to discuss his most recent book "Success in a Low-Return World." Tune in! Guest: Michael Oyster - Author of Success in a Low-Return World. He is also an investment strategist, researcher and creator of the Options Income Index. He began his professional investment career in 1994 with options advisory firm Schaeffer’s Investment Research. As Schaeffer’s senior quantitative analyst, he conducted detailed analysis of options and volatility metrics while managing product offerings including an S&P 500 Index options spread strategy. Follow him on twitter @oystermichael

Behind The Markets Podcast: Loretta Mester Dec 21, 2018

Show from 12/21/18 In this special edition of Behind the Markets hosts Jeremy Schwartz and Jeremy Siegel talk to the president and CEO of the Federal Reserve Bank of Cleveland! They discuss everything from the recent Fed meeting to job growth. Tune in Guest: Loretta Mester - President and CEO of the Federal Reserve Bank of Cleveland More about her here: https://www.clevelandfed.org/people-search?pid=51d503bc-e964-4f3a-b26e-5c472e868348

Behind The Markets Podcast: Thomas Desmond Dec 14, 2018

Show from 12/14/18 In this episode of Behind the Markets host Jeremy Schwartz talks to the chief financial officer at Ally Invest about wealth management and retirement. They talk about the fed intervening in markets, millennials vs baby boomers, investing in ETFs, and much more. Tune in! Guest Info: Thomas Desmond - Chief Financial Officer at a company called Ally Invest. Ally Invest is an online securities broker and wealth management company and subsidiary of Ally Financial Inc, and Tom is responsible for overseeing the company’s finance, accounting, reporting and strategic development activities. More about Ally Invest here: https://www.ally.com/ Follow Ally Invest on Twitter: @AllyInvest

Behind The Markets Podcast: Geetesh Bhardwaj & Nitesh Shah Dec 06, 2018

In this episode of Behind the Markets our hosts kick off the show with Jeremy Siegel’s market update. Then hosts Liqian Ren and Wes Gray talk to experts on commodity markets. Plus an in depth look at the production cuts at OPEC. All that and more! Guests: Geetesh Bhardwaj - A Managing Director in Research at SummerHaven Investment Management. Nitesh Shah - Who is Director of Research at WisdomTree Europe.

Behind The Markets Podcast w/ Liqian Ren: Marc Chandler & Andy Rothman Nov 29, 2018

Episode from 11/30/18 In this episode of the Behind the Markets Podcast hosts Jeremy Schwartz, Jeremy Siegel, and Liqian Ren discuss the latest news from the G20 Summit, Fed Policy, and China. They get into the liklihood of rate hikes and the future of trade with China. Plus they get into the potential impacts of Brexit and the ECB Meeting. All that and more Guests: Marc Chandler - Chief Market Strategist at Bannockburn Global Forex Follow him on Twitter @marcmakingsense Andy Rothman - Who is Investment Strategist at Matthews Asia. Andy lived and worked in China for more than 20 years, analyzing the country’s economic and political environment, before joining Matthews Asia in 2014. As Investment Strategist, he has a leading role in shaping and presenting the firm’s thoughts on how China should be viewed at the country, regional and global level. Learn more about Matthews Asia here: https://matthewsasia.com/portal.fs

Behind The Markets Podcast: Maura Pape & Liqian Ren Nov 15, 2018

In this episode of Behind the Markets from 11/16/18 hosts Jeremy Schwartz and Wharton Finance Professor Jeremy Siegel find out more about an interactive tool that uses real-time data from thousands of sources to help investors analyze the latest developments from overseas. They also talk Federal Reserve, global strategy, factor investing & portfolios. Special guest host Liqian Ren joins us as well. Tune in! Guests: Maura Pape - a strategist and Director of Business Development at DeepMacro, a technology company that’s developed an interactive tool that uses real-time data from thousands of sources to help investors analyze the latest developments from overseas For more information visit this link: https://beta.deepmacro.com/welcome Liqian Ren - Director of Modern Alpha at WisdomTree

Behind the Markets Podcast: Kevin Flanagan & Jared Dillian Nov 09, 2018

In this episode of Behind the Markets Jeremy Schwartz and Jeremy Siegel kick off the show discussing the outcome of the 2018 Midterm Elections and the impact the results will have on markets. Then they talk bonds, interest rates, and inflation. Plus a broader look at markets and investment strategy. This politically charged episode tries to provide listeners with the right investing tools to consider big market risks. You don't want to miss this one! Guests: Kevin Flanagan - Senior Fixed Income Strategist at WisdomTree Asset Management More on his work herehttps://www.wisdomtree.com/blog/author/kevin%20flanagan Jared Dillian - Editor of the Daily Dirtnap, a daily market newsletter for investment professionals, continuously published since 2008 Find out more about The Daily Dirtnap here http://www.dailydirtnap.com/ Follow him on Twitter @dailydirtnap

Behind The Markets Podcast: Ed Mills & Tom Lee Nov 02, 2018

In this episode of Behind the Markets host Jeremy Schwartz gets a market update from Co-Host and Wharton Finance Professor Jeremy Siegel. Then he talks to Public Policy Analyst at Raymond James, Ed Mill, about the upcoming midterm elections. Plus he discusses everything from jobs to cryptocurrency with Tom Lee of Fundstrat Global Advisors. Tune in! Guests: Ed Mills - Managing Director and Public Policy Analyst at Raymond James Find out more on their website https://www.raymondjames.com/ Follow them on Twitter @RaymondJames Tom Lee - Managing Partner and Head of Research at Fundstrat Global Advisors Find out more on their website https://www.fundstrat.com/ Follow him on Twitter @fundstrat

Behind the Markets Podcast w/ Wes Gray: Patrick Cleary & Brandon Koepke Oct 26, 2018

In this episode of Behind the Markets, our guest co-host Wes Gray of Alpha Architect brings on cybersecurity experts to discuss breaches and the steps to keep your information safe. Tune in! Guests: Patrick Cleary, Chief Operations Officer at Alpha Architect Brandon Koepke, Chief Technical Officer at Alpha Architect

Behind The Markets Podcast: Jesper Koll & Ed Cole Oct 18, 2018

In this episode of Behind the Markets our hosts Jeremy Schwartz and Jeremy Siegel tackle global markets. They get into Japan, debt, emerging markets, and currency wars relating to China. All that and more Guests: Jesper Koll - Chief Executive Officer of WisdomTree Japan Ed Cole - Portfolio Manager at Man GLG More about his company here https://www.glgpartners.com/

Behind the Markets Podcast: Syed Hussain & Will Peck Oct 12, 2018

Confused by all the hype about Blockchain and cyber-currencies? Hosts Jeremy Schwartz and Wharton Finance Professor Jeremy get a crash course from the Chief Commercial Officer for BANKEX, a global financial technology firm. He will explain why his firm thinks this is the future of banking. We’ll also have Professor Siegel’s take on this week’s market drop—and whether we’re now entering a bear market. Tune in! Guests: Syed Hussain - Chief Commercial Officer for BANKEX. Let me tell you more about BANKEX Follow the firm on Twitter @BANKEX Or check out their website https://bankex.com/en/ Will Peck - Director of Corporate Strategy at WisdomTree

10/5/18 Behind The Markets Podcast: Preston McSwain, Adam Butler, Andrew Miller Oct 05, 2018

Host Jeremy Schwartz talks to three investment managers about their current strategies in this sometimes volatile market, as well as how they are managing withdrawal rates for clients that are retiring. Should you be moving some money into bonds? And what is a better bet right now—large cap stocks or small caps? Tune in Guests: Preston McSwain – Fiduciary Wealth Partners Adam Butler – CIO of Resolve Asset Management Andrew Miller – CIO of Miller Financial Management

Behind The Markets Podcast: Special w/ James Bullard of the Federal Reserve Sep 28, 2018

In this special of the Behind the Markets podcast Jeremy Schwartz and Jeremy Siegel talk to the President and CEO of the Federal Reserve Bank of St. Louis James Bullard. They get into the interest rate hikes, monetary policy, the job market, and much more. Guest: James Bullard - President and CEO of the St. Louis Federal Reserve Bank More info about him here: https://www.stlouisfed.org/from-the-president

Behind The Markets Podcast: Brandon Zick Sep 21, 2018

In this episode of the Behind the Markets Podcast host Jeremy Schwartz talks to Brandon Zick, Director of Acquisitions & Portfolio Management at Ceres Partners, about investing in the farming sector. They also discuss the effects of tariffs on the farm markets. Guest: Brandon Zick - Director of Acquisitions & Portfolio Management at Ceres Partners More info here: https://www.cerespartners.com/

Behind The Market's Jacobs Levy Conference Special: Robert Shiller & Robin Greenwood Sep 13, 2018

In this special episode of Behind the Markets hosts Jeremy Schwartz and Jeremy Siegel talk to top economists at the Jacobs Levy Conference. They give their take on market outlook incorporating everything from robots and tech to health care. Tune in! Guests: Robert Shiller - Nobel Prize winning economist Robin Greenwood - the George Gund Professor of Finance and Banking at Harvard Business School

Behind The Markets Podcast: Leonard Nakamura Sep 07, 2018

In this special episode of Behind the Markets hosts Jeremy Schwartz and Jeremy Siegel interview the Vice President and Economist at the Federal Reserve Bank of Philadelphia Leonard Nakamura. They discuss excess production, education, healthcare, human capital and more. Guest: Leonard Nakamura - Vice President of the Federal Reserve Bank of Philadelphia More info on his research: https://www.philadelphiafed.org/research-and-data/economists/nakamura

Behind The Markets Podcast: Corey Hoffstein Aug 30, 2018

In this episode of Behind the Markets Jeremy talks to the CIO of Newfound Research about risk management, portfolios, 60/40 investments, and much more. Tune in! Guest: Corey Hoffstein - Co-Founder and CIO of Newfound Research More about him here: https://www.thinknewfound.com/about-us Follow him on Twitter @choffstein Listen to his podcast here: https://blog.thinknewfound.com/podcast/

Behind The Markets Podcast: Guy Petcho & Greg Valliere Aug 17, 2018

In this episode of the Behind the Markets podcast host Jeremy Schwartz gets into market outlook. What is the future of trade with China and what are the effects of the Fed rate hikes? Then we bring on an expert on portfolio management, Trump, and politics. We get into investment strategies in a time of increasing uncertainty. All that and more! Guests: Guy Petcho: Global Macro Portfolio Manager for Voya Investment Management, focusing on interest rate and foreign exchange markets Greg Valliere: Chief Global Strategist at Horizon Investments

Behind The Markets Podcast: Matthew McAleer & Andrew Stewart Aug 10, 2018

In this episode of Behind the Markets we’ll get a roundup of ideas from the annual Camp Kotok meeting in rural Maine—where economists and investment advisors talk shop while fishing and hiking. What’s their outlook for the markets—and how are they adjusting in advance of another expected Fed rate hike? We also talk sector rotation and how that works to keep your portfolio in check. Tune in! Guests: Matthew McAleer - Executive Vice President and Director of Equity Strategies at Cumberland Advisors More about Cumberland Advisors here http://www.cumber.com/ Andrew Stewart -Exchange Capital Management Senior Portfolio Manager Ann Arbor, MI More about Exchange Capital Management here https://www.exchangecapital.com/

Behind The Markets Podcast: Morgan Housel Aug 02, 2018

In this episode of Behind the Markets host Jeremy Schwartz talks with award winning financial journalist Morgan Housel, who is also a partner at a firm that invests in socially responsible companies. He talks about how investors these days are more informed and that all advisers should be transparent with their clients. Guest: Morgan Housel, Partner at the Collaborative Fund and the man who writes the firm’s blog about the markets and investing. Morgan is a former columnist at The Motley Fool and The Wall Street Journal. He is a two-time winner of the Best in Business award from the Society of American Business Editors and Writers and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism. He was selected by the Columbia Journalism Review for the Best Business Writing 2012 anthology. In 2013 he was a finalist for the Scripps Howard Award. Follow him on Twitter @morganhousel

Behind The Markets Podcast w/ Wes Gray: Liqian Ren & Jack Vogel Jul 25, 2018

In this episode of Behind the Markets host Wes Grey talks factor investing as a strategy with one of the few female portfolio managers in finance. She’ll talk about growing up in a small village in China and how she ended up managing money for Vanguard! Guest Info: Liqian Ren, Ph.D. - A portfolio manager in the Vanguard Quantitative Equity Group (QEG), where she manages Vanguard's factor funds and conducts research on factor strategies. Jack Vogel - CIO and CFO of Alpha Architect

Behind the Markets Podcast: John Apruzzese & Julian Brigden Jul 19, 2018

In this episode of the Behind the Markets Podcast host Jeremy Schwartz and Jeremy Siegel talk about Trump and the Fed in light of the presidents comments on rate hikes. Then we get macro outlook with the president of Macro Intelligence 2 Partners. All that and more! Tune in Guests: John Apruzzese - Chief Investment Officer at Evercore Wealth Management More at https://www.evercore.com/ Julian Brigden - Co-Founder and President of Macro Intelligence 2 Partners. As a global macro strategist Julian’s primary focus is exploiting trading opportunities inherent in macroeconomic and policy related developments. He is particularly skilled at exploring correlations in the economy and financial markets. Follow him on Twitter @JulianMI2 More at https://www.mi2partners.com/

Behind The Markets Podcast: Marc Chandler & The IMN Conference Jul 13, 2018

In this episode of Behind the Markets Jeremy Schwartz talks to Global Head of Currency Strategy at Brown Brothers Harriman Marc Chandler about trade and foreign exchange. Then you'll hear a panel from the IMN Conference that Jeremy moderated on emerging markets. Tune in! Guest Info: Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman. His analysis blog, www.marctomarket is widely read and picked up by both the traditional and social media. He’s the author of two books: Making Sense of the Dollar: Exposing Dangerous Myths about Trade and Foreign Exchange and Political Economy of Tomorrow Follow him on Twitter @marcmakingsense More about his company here https://www.bbh.com/en-us IMN Conference: https://www.imn.org/investment-management/conference/Global-Indexing-ETFs-2018/Speakers.html

Behind The Markets Podcast: Dan David Jun 29, 2018

In this episode of the Behind the Markets podcast Jeremy Siegel and Jeremy Schwartz talk to Dan David, Co-Founder of GeoInvesting, about China tariffs, politics, and running for Congress. Tune in! Guest Info: Dan David runs the GeoInvesting Team, which employs equity analysts, CFAs, PRC attorneys, investigators and accomplished authors and editors. During his tenure, thirteen China-based companies have been halted or delisted. More about GeoInvesting here https://geoinvesting.com/ Follow him on Twitter @dan_fgalphamgmt

Behind The Markets Podcast w/ Wes Gray: Kate Waldock & Jeff Korzenik Jun 22, 2018

In this episode of Behind the Markets Jeremy and Wes talk to assistant professor of Finance at Georgetown University and the chief investment strategist at Fifth Third Bank about the labor force and the opioid crisis. Plus they talk about what it takes to start a career in finance and corporate bankruptcy. All that and more! Tune in Guest Info: Kate Waldock- Assistant Professor of Finance at Georgetown University Check out her podcast here: https://www.capitalisnt.com/ Follow her on Twitter @katewaldock Jeff Korzenik - Chief Investment Strategist at Fifth Third Bank More information about Fifth Third Bank here https://www.53.com/content/fifth-third/en.html

Behind The Markets Podcast: Rick Pitcairn & Brian Wesbury Jun 08, 2018

In this episode of Behind the Markets Jeremy Siegel gives the latest on the markets. Then Jeremy Schwartz dives into momentum investing with the CIO of Pitcairn. Plus in the second half of the show we add chief economist at First Trust Advisors to the mix to discuss investment opportunities. All that and more, tune in! Guest Info: Rick Pitcairn -Chief Investment Officer at Pitcairn More on Pitcairn at http://www.pitcairn.com/ Brian Wesbury - Chief Economist at First Trust Advisors More info about First Trust Advisors here https://www.ftportfolios.com/

Behind The Markets Podcast: Simon Lack & Bill Stone Jun 01, 2018

In this episode of the Behind the Markets podcast host Jeremy Schwartz and Jeremy Siegel take us through the latest market trends. Then Jeremy Schwartz talks to his guests about investing in energy infrastructure. Plus we hear about how tariffs are impacting markets. All that and more. Check out this weeks show! Guests: Simon Lack - Managing Partner at SL Advisors Follow him on Twitter @SimonLack More about his company here: http://sl-advisors.com/ Bill Stone - President and chief investment officer of Stone Investment Partners Follow him on Twitter @ewstone More about his company here: https://www.stoneinvestmentpartners.com/

Behind The Markets Podcast: Tom Haines & Adam Politzer May 18, 2018

In this edition of Behind the Markets hosts Jeremy Siegel and Jeremy Schwartz talk insurance asset management with their guests. They cover everything from fixed index annuities and 60/40 portfolios to the retirement crisis. Check it out! Guests: Tom Haines - Senior Vice President, Capital Markets & Index Solutions, at Annexus Follow Annexus on Twitter @Annexus Find out more about his work here: https://www.annexus.com/ Adam Politzer - Vice President of Product Management at Athene Holdings Find out more about his work here: https://www.athene.com/

Behind The Markets Podcast w/ Wes Gray: Sumeet Nagar, Akshay Mansukhani, Christopher Swann May 10, 2018

This is a special episode of Behind the Markets with Wharton alumni for SiriusXM's Reunion Radio. Hosts Jeremy Schwartz and Wes Gray talk to the founders of Malabar Investments and Cygnus Capital about their entrepreneurial journeys. They cover everything from investing to starting a financial investment company in India. Tune in! Guest Info: Sumeet Nagar - A co-founder of Malabar Investments Akshay Mansukhani - A co-founder and managing partner at Malabar Investments Link to their website: http://www.malabarinvest.com/ Christopher Swann - Founder and Portfolio Manager at the hedge fund Cygnus Capital Link to website: http://www.cygnusvc.com/

Behind The Markets Podcast: Andrew Baron & Jonathan Heckscher May 04, 2018

In this episode of the Behind the Markets Podcast, host Jeremy Schwartz talks fixed income and investment strategy with his guests. They also delve into factors impacting global markets and geopolitics. Tune in and check it out! Guests: Andrew Baron - Chief Investment Officer at Butterfield Asset Management http://www.butterfieldgroup.com/Pages/default.aspx Jonathan Heckscher - Director of Fixed Income and Investment Strategy at Pennsylvania Trust http://www.penntrust.com/

Behind The Markets Podcast: Peter Tchir & Brent Johnson Apr 27, 2018

In this episode of the Behind the Markets Podcast host Jeremy Schwartz dives into a bunch of topics from Bonds and GDP to Geopolitical Developments. He talks with Peter Tchir about market dynamics and the future of currency. Then he brings on CEO of Santiago Capital, Brent Johnson, to discuss investing in gold and portfolios. Tune in and check it out! Guest Info: Peter Tchir - who is head of Macro Strategy at Academy Securities Follow him on Twitter @TFMkts Brent Johnson - CEO of Santiago Capital Follow Santiago Capital on Twitter @SantiagoAuFund

Behind the Markets Podcast w/ Wes Gray: Ken Baker, Jim Steiker, & Doug Pugliese Apr 11, 2018

In this episode of Behind the Markets hosts Wes Gray & Doug Pugliese take us through the marvelous world of employee stock ownership plans. They cover the benefits of having employees feel a deep connection to their work because they own part of it! Plus Professor Jeremy Siegel talks market outlook. All that and more, tune in! Guests: Ken Baker - CEO of NewAge Industries More info at: http://www.newageindustries.com/default.asp Jim Steiker - Chairman and CEO of SES Advisors More info at: http://sesadvisors.com/ Doug Pugliese - Director of Portfolio Services at Alpha Architect *Follow host Wes Gray on twitter @alphaarchitect

Behind The Markets Podcast w/ Wes Gray: Michael Batnick Apr 04, 2018

This week on Behind the Markets hosts Jeremy Schwartz and Wes Gray get market commentary from Jeremy Siegel in the wake of all the China tariffs. Then they talk to Michael Batnick about trading strategy and the major mistakes investors make. Mike has a book coming out June 6th titled "Big Mistakes: The Best Investors and Their Worst Investments" which you can order on Amazon via the link below. Tune in and check it out! Follow his podcast: http://theirrelevantinvestor.com/ Amazon book link: https://www.amazon.com/Big-Mistakes-Investors-Investments-Bloomberg/dp/1119366550 You can also follow him on twitter: @michaelbatnick Guest Info: Michael Batnick - Director of Research at Ritholtz Wealth Management. Michael is one of the contributors to Ritholtz’s The Irrelevant Investor blog, where he aims to educate people about investing. He’s also the author of a book being published later this year called Big Mistakes: The Best Investors and Their Worst Investments.

Behind The Markets Podcast w/ Wes Gray: Alex Sadowski & Dave Babulak Mar 27, 2018

In this episode of Behind the Markets Podcast hosts Jeremy Schwartz and Wes Gray talk high frequency trading, cryptocurrency, & the future of investing with new tech. Also check out the video below of our guest Dave blowing up a bridge which he mentions at the start of our interview! Link to Bridge Demolition in Benton County MO - https://www.youtube.com/watch?v=ObaKFHi-Fkk Guests: Alex Sadowski - KCG Holdings Dave Babulak - Strongpoint Holdings

Behind The Markets Podcast: Paul Pittman & Brandon Zick Mar 23, 2018

In this episode of Behind the Markets, host Jeremy Schwartz delves into something a little different, investing in farmland. Today’s guests include Paul Pittman of Farmland, Inc and Brandon Zick of Ceres Partners, who focuses on the private side of farmland investing… And of course the Siegel Market wrap. Take a listen!

Behind The Market's Podcast: Wharton's Jeremy Siegel's Conversation w/ Janet Yellen Mar 19, 2018

Jeremy Siegel speaks to former Chair of the Board of Governors of the Federal Reserve System, Janet Yellen. In this conversation they discuss the new Fed chair, how to keep the economy growing and digital currencies.

Behind the Markets Podcast w/ Wes Gray: Eric Balchunas Mar 14, 2018

In this episode of Behind the Markets Podcast host, Jeremy Schwartz discusses the new financial advisor for the White House, tax cuts effect on mid-term elections & ETFs. Guest: Eric Balchunas - Senior ETF Analyst for Bloomberg Intelligence and author of The Institutional ETF Toolbox.

Behind The Markets Podcast: Manish Singh & Tim Duy Mar 02, 2018

In this episode of Behind the Markets Podcast hosts Chris Gannatti and Jeremy Schwartz discuss Brexit, the Italian economy, Macro Markets, Politics, and the Europe. They also delve into fed policy and consider the future of raising rates under Jerome Powell. Tune in! Guests: Manish Singh - Chief Investment Officer (CIO) at Crossbridge Capital, overseeing $3 billion in multi-asset investments Professor Tim Duy - A prominent Fed watcher who writes a blog about monetary policy and economics.

Behind The Markets Podcast w/ Wes Gray: Annie Duke Feb 20, 2018

In this edition of the Behind the Markets Podcast hosts Jeremy Schwartz and Wes Gray talk to Annie Duke about her new book "Thinking in Bets" as well as how to use poker strategy in investing. Annie covers everything from prediction models to 'Tilt,' a state of distress that causes you to make emotionally charged decisions. Take a listen! Guest Info: Annie Duke - Former professional poker player who has just published her first book for general audiences called Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts. Follow Annie on twitter: @AnnieDuke

Behind The Markets Podcast Special w/ Wes Gray: Kathryn Kaminski Feb 13, 2018

Our hosts Jeremy Schwartz of WisdomTree and Wes Gray of Alpha Architect talk to Kathryn Kaminski about systematic investing and trend-following strategies. Kathryn also delves into going long and short based on the direction of the market and discusses crisis alpha. Take a listen! Additional information about the guest and contacts below. Kathryn Kaminski - Visiting Lecturer in Finance at the MIT Sloan School of Management. She co-authored the book Trend Following with Managed Futures: The Search for Crisis Alpha, which was published in 2014. Her work has appeared in a range of industry publications as well as academic journals. In 2015, Kathryn was listed as one of the top 50 leading women in hedge funds. Kathryn holds a BS in electrical engineering from MIT and a PhD in operations research from MIT Sloan. Contact: katykam@mit.edu

Behind The Markets Podcast: Jonathan Steinberg Feb 09, 2018

Guest: Jonathan Steinberg - President and CEO of WisdomTree. Prior to founding WisdomTree, Mr. Steinberg was employed as an analyst in the Mergers and Acquisitions Department of Bear, Stearns & Co. Inc., an investment banking firm, from 1986 to 1988. Mr. Steinberg is the author of Midas Investing, published by Times Books, a division of Random House, Inc.

Behind The Markets Podcast Special w/ Wes Gray: Samuel Hartzmark & Patrick O’Shaughnessy Feb 02, 2018

Guests: Samuel Hartzmark - Assistant Professor of Finance and the William Ladany Memorial Faculty Scholar at the University of Chicago’s Booth School of Business Patrick O’Shaughnessy - the Chief Executive Officer at O’Shaughnessy Asset Management.

Behind The Markets Podcast: Kendrick Wakeman & David Yates Jan 26, 2018

Guest: Kendrick Wakeman - CEO of FinMason David Yates - Chief Information Officer at WisdomTree

Behind The Markets Podcast Special w/ Wes Gray: Matt Topley & Don Riley Jan 19, 2018

Guests: Matt Topley - Chief Investment Officer at Fortis Wealth Don Riley - who is Chief Investment Officer at the Wiley Group Ryan Kirlin - Head of Capital Markets at Alpha Architect

Behind The Markets Podcast: Graham Allison & Perth Tolle Jan 12, 2018

Guests: Graham Allison - The Douglas Dillon Professor of Government at Harvard University's Kennedy School of Government, who is a leading analyst of U.S. national security and defense policy with a special interest in nuclear weapons, terrorism, and decision-making. His latest book is Destined for War: Can America and China Escape Thucydides’s Trap? Perth Tolle - The founder of Life + Liberty Indexes. Perth lived and worked in Beijing and Hong Kong, where her observations led her to explore the relationship between freedom and markets. Through her China experience she gained a high level of conviction regarding the impact of sound governance, individual freedoms, and rule of law on economic growth and innovation

Behind The Markets Podcast: Frederik Ducrozet & Tamim Bayoumi Jan 05, 2018

Guests: Frederik Ducrozet - Senior Economist for Europe at Pictet Wealth Management in Geneva, Switzerland Tamim Bayoumi - Deputy Director in the Strategy, Policy, and Review department of the International Monetary Fund. He’s also the author of a great book called Unfinished Business: The Unexplored Causes of the Financial Crisis and the Lessons Yet to be Learned

Behind the Markets Special w/ Wesley Gray: Reggie Browne, Ryan Kirlin, & DeAnne Steele Dec 14, 2017

Guests: Reggie Browne - Senior Managing Director of the ETF Group at Cantor Fitzgerald Ryan Kirlin - Head of Capital Markets at Alpha Architect DeAnne Steele - Head of National Portfolio Management and Consultancy Practice for U. S. Trust, Bank of America Private Wealth Management

Behind The Markets Podcast: John Davi & Bruce Lavine Dec 08, 2017

Guests: John Davi - Founder and Chief Investment Officer at Astoria Portfolio Advisors Bruce Lavine - Senior Strategy Advisor at Astoria Portfolio Advisors

Behind the Markets Podcast: Nick Chamie & Michael Philbrick Dec 01, 2017

Co-Host: Jeff Weniger - CFA serves as Asset Allocation Strategist at WisdomTree Guests: Nick Chamie, Chief Investment Officer, International Wealth Management at Scotiabank. Previously, he held the position of Global Head of FX Strategy & Emerging Markets Research at a major global investment bank, focused on investment strategy research for 17 years. Michael Philbrick - President and Portfolio Manager at ReSolve Asset Management. Prior to co-founding ReSolve in 2015, Mike was a Portfolio Manager at Dundee Private Wealth, Richardson GMP and Macquarie Private Wealth

Behind the Markets Podcast: Wesley Gray, Andrew Weisman, & Rich Wiggins Nov 16, 2017

Guests: Wesley Gray - CEO of Alpha Architect Andrew Weisman - Managing Partner at Windham Capital Management Rich Wiggins - A strategist at Saudi Aramco

Behind The Markets Podcast: James Bullard Nov 10, 2017

Guest: James Bullard - Chief executive officer and 12th president of the Federal Reserve Bank of St. Louis

Behind The Markets Podcast: Constance Hunter & Brian Wesbury Nov 03, 2017

Guests: Constance Hunter - Chief Economist of KPMG LLP Brian Wesbury - Chief Economist at First Trust Advisors

Behind the Markets Podcast: Andrew Lo Oct 27, 2017

Guest: Andrew Lo - the Charles E. and Susan T. Harris Professor at the MIT Sloan School of Management and director of the MIT Laboratory for Financial Engineering. He’s going to talk to us about his book Adaptive Markets: Financial Evolution at the Speed of Thought, which has been shortlisted for the 2017 Financial Times and McKinsey Business Book of the Year Award

Behind The Markets Podcast: Jesper Koll & Brad Bechtel Oct 23, 2017

Guests: Jesper Koll - CEO of WisdomTree Japan Brad Bechtel - Currency Strategist at Jefferies LLC

Behind The Markets Podcast: Howard Silverblatt & Danielle DiMartino Booth Oct 20, 2017

Guests: Howard Silverblatt - Senior Index Analyst at S&P Dow Jones Indices Danielle DiMartino Booth - Founder of MoneyStrong, an economic consultancy, and the author of Fed Up: An Insider’s Take on Why the Federal Reserve is Bad for America

Behind The Markets Podcast: Wesley Gray & Dr. Lu Zhang Oct 13, 2017

Wesley Gray - CEO of Alpha Architect Dr. Lu Zhang - The John W. Galbreath Chair, Professor of Finance, at the Fisher College of Business at The Ohio State University

Behind The Markets Podcast: Timothy Reynolds Oct 06, 2017

Guest: Timothy Reynolds, Senior Portfolio Manager for the Employees Retirement System of Texas

Behind The Markets Podcast: Arvind Gupta Oct 06, 2017

Guest: Arvind Gupta - Head of the Digital India Foundation which works on Digital Inclusion, Internet Government and Smart Cities. He also leads BJP’s information and technology team. BJP is India’s ruling party as well as the world’s biggest party

Behind The Markets Podcast: Peter Boockvar & Leland Miller Sep 28, 2017

Guests: Peter Boockvar - Chief Market Analyst with the Lindsey Group, a macro-economic and market research firm Leland Miller - Chief Executive Officer of China Beige Book International, the world’s leading analytics and economic-forecasting firm focused on China

Behind The Markets Podcast: Richard Cancro & Joel Bruckenstein Sep 22, 2017

Guests: Richard Cancro - Co-Founder and Chief Executive Officer for AdvisorEngine Inc. Joel Bruckenstein - President of Technology Tools for Today

Behind The Markets Podcast: Nick Roussanov & Richard Roll Sep 15, 2017

Guests: Richard Roll - the Linde Institute Professor of Finance at the California Institute of Technology Nick Roussanov - Associate Professor of Finance at the Wharton School. He also led a panel discussion this morning on a global macroeconomic risk model (title of paper is A Global Macroeconomic Risk Model for Value, Momentum, and Other Asset Classes)

Behind The Markets Podcast: Dan Sichel & Chris Geczy Sep 08, 2017

Guests: Dan Sichel - Professor of Economics at Wellesley College, where he teaches courses in macroeconomics and economic policy Chris Geczy - Adjunct Professor of Finance at Wharton and Director of the Jacobs Levy Equity Management Center for Quantitative Financial Research

Behind The Markets Podcast: Corey Hoffstein & Steve Blumenthal Aug 25, 2017

Guests: Corey Hoffstein - Co-Founder and Chief Investment Officer at Newfound Research Steve Blumenthal - Executive Chairman and Chief Investment Officer at CMG Capital Management Group

Behind The Markets Podcast: Jared Dillian & Greg Valliere Aug 18, 2017

Guests: Greg Valliere - Chief Global Strategist at Horizon Investments Jared Dillian - Investment Strategist at Mauldin Economics and editor of "The Daily Dirt Nap" a market newsletter for market professionals

Behind The Markets Podcast: Wesley Gray & Nickolai Roussanov Aug 11, 2017

Guests: Wesley Gray - CEO of Alpha Architect Nickolai Roussanov - the Moise Y. Safra Associate Professor of Finance at the Wharton School

Behind The Markets Podcast: Martin Barnes & James Bianco Aug 03, 2017

Guests: Martin Barnes - Chief Economist at BCA Research James Bianco - President of Bianco Research, LLC, an Arbor Research & Trading, LLC affiliate

Behind the Markets Podcast: John Davi & Pankaj Patel Jul 26, 2017

Guest: John Davi - Founder, CIO at Astoria Portfolio Advisors LLC Pankaj Patel - Head of quantitative research, co-manager of investment advisory business at Cirrus Research

Behind The Markets Podcast: Bill Stone & Jesper Koll Jul 21, 2017

Guests: Bill Stone - Executive Vice President and Global Chief Investment Strategist for PNC Asset Management Group Jesper Koll - the CEO of WisdomTree Japan

Behind The Markets Podcast: Robert J. Gordon & Joel Mokyr Jul 14, 2017

Guests: Robert J. Gordon - Stanley G. Harris Professor in the Social Sciences and Professor of Economics at Northwestern University. He is one of the world’s leading experts on inflation, unemployment, and long-term economic growth. Joel Mokyr - Robert H. Strotz Professor of Arts and Sciences and Professor of Economics and History at Northwestern University and Sackler Professor (by special appointment) at the Eitan Berglas School of Economics at the University of Tel Aviv.

Behind The Markets Podcast: Wesley Gray & Charlie Tian Jul 06, 2017

Guests: Wesley Gray - CEO of Alpha Architect, an asset-management firm a firm that believes in empowering investors through education Dr. Charlie Tian - the Founder and CEO of Guru Focus-dot-com, a value investing website

Behind The Markets Podcast: Viral Acharya, Ridham Desai, Guarav Sinha Jun 30, 2017

Guests: Viral Acharya - Deputy Governor at the Reserve Bank of India (RBI) in charge of Monetary Policy, Financial Markets Operations and Regulation, and Research and Statistics Ridham Desai - Heads Morgan Stanley’s Indian Equity Research team, which is the top ranked team in the country Guarav Sinha - an Asset Allocation Strategist at WisdomTree who is an expert on India

Behind The Markets Podcast: Marc Chandler & Jason Pride Jun 23, 2017

Guests: Marc Chandler - Senior Vice President and Global Head of Markets Strategy at Brown Brothers Harriman in New York Jason Pride - Director of Investment Strategy at Glenmede

Behind The Markets Podcast: Guy Petcho & Dan Weiskopf Jun 16, 2017

Guests: Guy Petcho - Global macro portfolio manager for Voya Investment Management Dan Weiskopf - Founder and Managing Partner of Access ETF Solutions

Behind The Markets Podcast: Michael Churchill, Sal Bruno Jun 09, 2017

Guests: Michael Churchill - the Founder of Churchill Research Sal Bruno - Chief Investment Officer at IndexIQ

Behind the Markets Podcast: Martin Fridson, Ben Lavine, & Brad Krom Jun 02, 2017

Guests: Martin Fridson - Chief Investment Officer at Lehmann Livian Fridson Advisors Ben Lavine - Chief Investment Officer for 3D Asset Management Brad Krom - a fixed income strategist for WisdomTree in New York

Behind The Markets Podcast: Chris Meyer & Raoul Pal May 19, 2017

Guests: Chris Meyer - Managing Principal at Truepoint Institutional Advisors Raoul Pal - publisher of The Global Macro Investor, a research service for the world’s leading hedge funds, pension funds and sovereign wealth funds

Behind The Markets Podcast: Ron Albahary & Beeneet Kothari May 12, 2017

Guests: Ron Albahary - Chief Investment Officer, Threshold Group, Wharton Grad 1990 Beeneet Kothari - CEO of Tekne Capital Management

Behind The Markets Podcast: Brian Wesbury & Brad Krom May 05, 2017

Guests: Brian Wesbury - Chief Economist at First Trust Advisors Brad Krom - a fixed income strategist for WisdomTree in New York

Behind The Markets Podcast - Brian Reardon & Gordon Gray Apr 28, 2017

Guests: Brian Reardon - the founder of Reardon Consulting and an Advisor to the American Made Coalition, a group that is pushing for changes to what it calls America’s outdated tax system Gordon Gray - Director of Fiscal Policy at the American Action Forum

Behind The Markets Podcast: Garth Friesan & Jason Gerlach Apr 21, 2017

Guests: Garth Friesen - a principal at III Capital Management, a hedge fund with approximately $4 billion assets under management Jason Gerlach - CEO and Managing Partner of Sunrise Capital Partners

Behind The Markets Podcast: Alex Gurevich & John Martin Apr 14, 2017

Guests: Alex Gurevich - the Founder and Chief Investment Officer of HonTe Investments John Martin - Chief Executive Officer at Martin Advisory & Consulting Services

Behind The Markets Podcast: James Osborne Apr 07, 2017

Guests: James Osborne - Certified Financial Planner at Bason Asset Management. He has spent his career in the investment management industry, helping clients manage their portfolios and plan for retirement, legacy and lifetime goals.

Behind The Markets Podcast: Nir Kaissar & Ben Carlson Apr 07, 2017

Guests: Ben Carlson - Director of Institutional Asset Management at Ritholtz Wealth Management who writes a blog called “A Wealth of Common Sense” Nir Kaissar - Founder and Portfolio Manager for Unison Advisors. Nir is also a columnist for Bloomberg Gadfly

Behind The Markets Podcast: Jason Barg & Donald Calcagni Mar 24, 2017

Guests: Jason Barg - a Principal at Lovell Minnick Partners LLC Donald Calcagni - who is Chief Investment Officer at Mercer Advisors

Behind the Markets Podcast: Viktor Nossek, Mustafa Chowdhury, & Brad Krom Mar 16, 2017

Guests: Mustafa Chowdhury - Head of rates for Voya Investment Management Brad Krom - Fixed income strategist for WisdomTree Viktor Nossek - Director of Research at WisdomTree

Behind The Markets Podcast: Jared Dillian & Marc Chandler Mar 10, 2017

Guests: Jared Dillian - the editor of Daily Dirtnap Marc Chandler - Senior Vice President and Global Head of Markets Strategy at Brown Brothers Harriman in NYC

Behind The Markets Podcast: Fed Update, IPO Market, & Trump Effect Mar 03, 2017

Guests: Dr. Vinay Nair - the Co-Founder and Co-Chairman of 55 Capital Partners, an asset manager that specializes in providing portfolio solutions using ETFs Mark Lehmann - President of JMP Securities and based in San Francisco. He is also a member of the executive committee of JMP Group and serves on its board of directors

Behind The Markets Podcast: Brad Setser & Global Trade Feb 24, 2017

Guests: Brad Setser - a senior fellow and acting director of the Maurice R. Greenberg Center for Geoeconomics at the Council on Foreign Relations Jeff Weniger - is Asset Allocation Strategist at Wisdomtree

Behind The Markets Podcast: Alan Auerbach On The BAT & Jay Pelosky's Global Ideas Feb 17, 2017

Guests: Alan Auerbach - Robert D. Burch Professor of Economics and Law as well as the Director of the Robert D. Burch Center for Tax Policy and Public Finance at the University of California, Berkeley Jay Pelosky - Founder & Principal of Pelosky Global Strategies, a global investment advisory boutique based in New York City

Behind The Markets Podcast: Japanese Market Outlook & Building Portfolios Feb 10, 2017

Guests: Jessamyn Norton - Chief Investment Officer, Senior Vice President and Principal at Spinnaker Trust Jesper Koll - CEO of WisdomTree Japan

Behind The Markets Podcast: Market Outlook, Trump Policies, & Tax Reform Feb 03, 2017

Guests: Mark Yusko - the Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management Bill Sweet - Investment Advisor at Ritholtz Wealth Management

Behind The Markets Podcast: Dow 20,000 & Market Outlook, Venture Capital Strategy Jan 27, 2017

Guests: Tobias Levkovich - the Chief US Equity Strategist for Citi Research, who is also a member of the firm's Investment Strategy Committee Brian Neider - a Partner at Lead Edge Capital, a growth equity fund with nearly $1 billion in assets under management. Brian focuses on software and internet investments globally

Behind The Market's Podcast: Trump Inauguration & Market Outlook Jan 19, 2017

Guests: Matthew McAleer - Managing Director and Portfolio Manager at Cumberland Advisors Greg Valliere - the Chief Global Strategist at Horizon Investments

Behind The Market's Podcast: Market Trends, Fixed Income, & Trade Policy Jan 12, 2017

Guests: Peter Tchir - Managing Director, Macro Income Strategy, at Brean Capital James McGrath - Partner and Director of Research at LGL Partners

Behind The Market's Podcast: Pat Harker & The Federal Reserve Jan 05, 2017

Guest: Pat Harker - President of the Federal Reserve Bank of Philadelphia and voting member of the Fed

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