Behind the Markets Podcast
Behind the Markets
Hosts Jeremy Schwartz, Global CIO at WisdomTree and Wharton finance Professor Jeremy Siegel, author of Stocks for the Long Run, discuss 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.
Jeremy Schwartz has served as WisdomTree’s Global Chief Investment Officer since November 2021 and leads the investment strategy team in the construction of WisdomTree’s equity indexes, quantitative active strategies and multi-asset model portfolios. Mr. Schwartz joined WisdomTree in May 2005 as a Senior Analyst, adding to his responsibilities in February 2007 as Deputy Director of Research and thereafter, from October 2008 to October 2018, as Director of Research and from November 2018 to November 2021 as Global Head of Research. Prior to joining WisdomTree, he was head research assistant for Professor Jeremy Siegel and in 2022 became his co-author on the 6th edition of the book Stocks for the Long Run. Mr. Schwartz also is co-author of the Financial Analysts Journal paper, What Happened to the Original Stocks in the S&P 500? He received his B.S. in Economics from The Wharton School of the University of Pennsylvania and hosts the Wharton Business Radio program Behind the Markets on SiriusXM 132. Mr. Schwartz is a member of the CFA Society of Philadelphia.
Jeremy Schwartz has served as WisdomTree’s Global Chief Investment Officer since November 2021 and leads the investment strategy team in the construction of WisdomTree’s equity indexes, quantitative active strategies and multi-asset model portfolios. Mr. Schwartz joined WisdomTree in May 2005 as a Senior Analyst, adding to his responsibilities in February 2007 as Deputy Director of Research and thereafter, from October 2008 to October 2018, as Director of Research and from November 2018 to November 2021 as Global Head of Research. Prior to joining WisdomTree, he was head research assistant for Professor Jeremy Siegel and in 2022 became his co-author on the 6th edition of the book Stocks for the Long Run. Mr. Schwartz also is co-author of the Financial Analysts Journal paper, What Happened to the Original Stocks in the S&P 500? He received his B.S. in Economics from The Wharton School of the University of Pennsylvania and hosts the Wharton Business Radio program Behind the Markets on SiriusXM 132. Mr. Schwartz is a member of the CFA Society of Philadelphia.
Episodes
Mentioned books
Jun 26, 2020 • 27min
Behind The Markets Podcast: Laurence Siegel
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
Jun 25, 2020 • 29min
Behind The Markets Podcast: Mike Brusko & Jordan Hicks
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
Jun 19, 2020 • 53min
Behind the Markets Podcast: Ellen Zentner
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
Jun 12, 2020 • 53min
Behind The Markets Podcast: Peter Mallouk
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
Jun 5, 2020 • 32min
Behind the Markets Podcast: Maria Bartiromo & Leeland Miller
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
Jun 5, 2020 • 22min
Behind the Markets Podcast: Chris Meredith
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
May 29, 2020 • 53min
Behind the Markets Podcast: Gad Allon, Rowan Trollope, & Ethan Kurzweil
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
May 22, 2020 • 25min
Behind the Markets Podcast: Randy Parrish
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
May 21, 2020 • 30min
Behind the Markets Podcast: President & CEO of the Bank of Richmond Tom Barkin
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/
May 20, 2020 • 37min
Behind The Markets Podcast Special: Jesper Koll & Jeffrey Weniger
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
