Behind the Markets Podcast
Behind the Markets
Jeremy Schwartz, Global Chief Investment Officer at WisdomTree and Jeremy Siegel, professor of finance at Wharton and author of Stocks for the Long Run, host this long-running podcast that dives into the how and why of market performance with leading economists and market strategists to inform you what’s ahead for the economy and your portfolio.
Regularly joining the two Jeremys is the Deep Rooted Macro Team that decodes the forces shaping markets and portfolios worldwide.
Chris Gannatti, CFA, Global Head of Research, offers an analytical and thematic edge—bridging macro trends with on-the-ground technology and innovation. Whether unpacking the infrastructure powering the AI age or latest biotech breakthroughs, Chris translates complexity into conviction.
Jeff Weniger, CFA, Head of Equity Strategy, injects the pulse of behavioral markets and valuation discipline. With sharp macro instincts, Jeff dissects cycles, sentiment, and structural change with trademark clarity and wit.
Sam Rines, Macro Strategist for Model Portfolios, ties the threads together—linking policy, politics, and portfolio construction. His pragmatic macro lens captures how geopolitics, industrial policy, and energy dynamics flow into real-world GeoAlpha.
Together, the Deep Rooted Macro squad creates a fusion of rigorous research, accessible insights, and genuine debate.
Behind the Markets provides a regular masterclass in how the world really works beneath the surface of prices, data, and headlines. Tune in to hear where the Deep Rooted Macro team sees the next big shifts taking root.
Regularly joining the two Jeremys is the Deep Rooted Macro Team that decodes the forces shaping markets and portfolios worldwide.
Chris Gannatti, CFA, Global Head of Research, offers an analytical and thematic edge—bridging macro trends with on-the-ground technology and innovation. Whether unpacking the infrastructure powering the AI age or latest biotech breakthroughs, Chris translates complexity into conviction.
Jeff Weniger, CFA, Head of Equity Strategy, injects the pulse of behavioral markets and valuation discipline. With sharp macro instincts, Jeff dissects cycles, sentiment, and structural change with trademark clarity and wit.
Sam Rines, Macro Strategist for Model Portfolios, ties the threads together—linking policy, politics, and portfolio construction. His pragmatic macro lens captures how geopolitics, industrial policy, and energy dynamics flow into real-world GeoAlpha.
Together, the Deep Rooted Macro squad creates a fusion of rigorous research, accessible insights, and genuine debate.
Behind the Markets provides a regular masterclass in how the world really works beneath the surface of prices, data, and headlines. Tune in to hear where the Deep Rooted Macro team sees the next big shifts taking root.
Episodes
Mentioned books
Jan 16, 2026 • 41min
Easing Into Tightening
Show from 09/16/26
Host Jeremy Schwartz and Professor Siegel assess recent market data, including mixed signals from CPI and PPI, speculation about Q4 GDP being between 2% and 5%, and jobless claims falling below 200K. Professor Siegel also discusses the Fed’s direction amid political distractions and sees continued momentum for small caps amid easing mortgage spreads. (22:32) Jeremy is joined by WisdomTree’s Jeff Weniger, Chris Gannatti, and Sam Rines to dive into market rotation, the AI narrative, and geopolitical developments. The group explores physical AI with Tesla, credit card rate caps and their implications on credit access, and how crypto and stablecoin regulations may disrupt traditional banking. They also cover a K-shaped economy reflected in early earnings reports and wrap with observations from Asia, the rise of Vietnamese EVs, and speculation on the U.S. revisiting a Greenland acquisition.
WisdomTree: https://www.wisdomtree.com/investments
Jan 9, 2026 • 43min
Venezuela's Global Ripples and Opportunities
Show from 09/01/26
Host Jeremy Schwartz and Professor Siegel discuss the strong jobs report, a surprising GDP revision from the Atlanta Fed, and the evolving political developments in Venezuela and Iran. The Professor also offers thoughts on Trump’s potential Fed chair picks, productivity growth, and AI's impact on markets. (17:09) Jeremy continues with Sam Rines to dive deeper into the geopolitics of oil in Venezuela and Guyana, how it impacts WTI pricing, and why refiners and MLPs may benefit. They explore defense and AI-related investment opportunities in Japan and Europe, potential tariff developments from the Supreme Court, and discuss the recent performance and positioning of gold and commodity markets amid inflation and geopolitical risk..
WisdomTree: https://www.wisdomtree.com/investments
Jan 2, 2026 • 54min
The Value Trades for 2026
In this discussion, Sam Rines, a macro strategist focusing on geopolitics and energy, and Jeff Weniger, head of equity strategy known for his insights on market behavior, tackle pressing issues shaping the economy. They highlight geopolitical tensions affecting oil prices, assess the Fed’s stance on policy amid evolving job markets, and forecast global equity trends. The duo delves into the rising competition in AI between the U.S. and China, and the potential impact of upcoming IPOs like SpaceX and OpenAI on market dynamics.
Dec 19, 2025 • 1h 23min
The EBB and Flow: An Equity Bond Barbell Outlook for '26
Andreas Kern, founder of Wikifolio, sheds light on shifting behavior among German retail investors, revealing a pivot towards industrials and value strategies for 2026. He discusses sentiment around Tesla, AI narratives, and rising defense spending. Jim Bianco from Bianco Research shares insights on the bond market, emphasizing the need for active management and exploring unusual trends like rising long-term yields despite expected Fed cuts. Both guests provide unique perspectives on evolving market dynamics and retail investor priorities.
Dec 12, 2025 • 60min
A Dovish Fed Brings Signs of Market Rotation
Jeremy Siegel, a finance professor at the Wharton School and senior economist for WisdomTree, shares key insights on the recent dovish stance of the Fed and its impact on the markets. He discusses signs of market rotation beyond the 'Magnificent Seven' stocks and highlights potential risks from a Supreme Court tariff ruling and government shutdown. Additionally, Siegel remains optimistic about inflation trends and U.S. consumer strength, while the conversation also delves into AI's influence on corporate strategies and the evolving energy landscape.
Dec 5, 2025 • 1h 9min
Live From London with Latest in Crypto
Show from 12/05/25
Host Jeremy Schwartz and Professor Siegel opened this week’s episode reflecting on the changing nature of Black Friday, ongoing consumer strength, and the outlook for interest rate cuts amid mixed economic data. The Professor discussed Kevin Hassett’s emergence as a top Fed Chair candidate, tech sector volatility, and competition in the AI space. (10:39) Jeremy continues with Sam Rines and Chris Gannatti for a special Thanksgiving episode, joined by their children to explore youth shopping trends. The group covers holiday consumer behavior, competition among AI models and chipmakers, and potential market overreactions to recent shifts in sentiment. They also discuss the implications of energy inventory dynamics and underappreciated tech plays like Amazon and Apple, rounding out with a preview of AI’s future impact on education, investing, and consumer preferences.
Dovile Silenskyte, CFA Director, Digital Assets Research at WisdomTree: https://www.linkedin.com/in/dovilesilenskyte
WisdomTree: https://www.wisdomtree.com/investments
Nov 28, 2025 • 48min
Now or Never: A Family Special Episode!
Show from 11/28/25
Host Jeremy Schwartz and Professor Siegel opened this week’s episode reflecting on the changing nature of Black Friday, ongoing consumer strength, and the outlook for interest rate cuts amid mixed economic data. The Professor discussed Kevin Hassett’s emergence as a top Fed Chair candidate, tech sector volatility, and competition in the AI space. (10:39) Jeremy continues with Sam Rines and Chris Gannatti for a special Thanksgiving episode, joined by their children to explore youth shopping trends. The group covers holiday consumer behavior, competition among AI models and chipmakers, and potential market overreactions to recent shifts in sentiment. They also discuss the implications of energy inventory dynamics and underappreciated tech plays like Amazon and Apple, rounding out with a preview of AI’s future impact on education, investing, and consumer preferences.
Emma Shine Spotify: https://open.spotify.com/artist/6wUgQ9GHl0eKFwqw3Mqk2p?si=G1N5Uz__RxKgk12Wmd4-HA
Emma Shine Youtube: https://www.youtube.com/@EmmaShine-singg/shorts
WisdomTree: https://www.wisdomtree.com/investments
Nov 21, 2025 • 51min
A Healthy Uncertainty and Volatility Spike
Join renowned guest Jeremy Siegel, a senior economist and macro expert, alongside macro analyst Sam Rines and markets commentator Jeff Winninger. They delve into Nvidia's recent volatility, examining its earnings impact amidst labor market trends and AI investment returns. The discussion highlights Walmart's strong consumer signals, geopolitical shifts in Venezuela's oil market, and housing dynamics. With insights on monetary policy, holiday spending forecasts, and market resiliency, this conversation is packed with valuable financial perspectives.
Nov 14, 2025 • 54min
Requiem for Momentum
Jeremy Siegel, a seasoned economist and author, joins macro experts Jeff Winninger, Chris Gennady, and Samuel Rines for a deep dive into market dynamics. They tackle the market's reaction to the recent government shutdown and the Fed's hawkish stance. Christopher illuminates AI's impact on tech buildouts and compute shortages. Sam discusses the innovative 50-year mortgage as a solution for housing affordability. The group also grapples with international tensions between China and India, and the sustainability of tech valuations amid shifting market factors.
Nov 7, 2025 • 54min
Bear Headfakes Around the World
Show from 11/07/25
Host Jeremy Schwartz and Professor Siegel discuss conflicting jobs data amid the government shutdown, political fallout from the recent elections, and the implications of potential Supreme Court rulings on tariffs. The Professor warns about the possible economic drag from the shutdown during the holiday season and offers his market perspective, noting AI investment strength and skepticism around market bubble fears. (15:00) Jeremy continues with guests Jeff Weniger, Chris Gannatti, and Sam Rines to unpack the Supreme Court's tariff case, recent AI market volatility, and the implications of energy constraints on future data center development. They explore earnings season surprises, Japan's market volatility tied to SoftBank, and Warren Buffett's continued investment activity. The conversation closes with in-depth views on India's economic trajectory, gambling markets' impact on traditional betting operators, and the risks and hype cycles in crypto and equity speculation.
WisdomTree: https://www.wisdomtree.com/investments
