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
May 8, 2020 • 53min
Behind the Markets Podcast: David Lyon
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
Apr 30, 2020 • 53min
Behind The Markets Podcast: Ed Stringham & Brian Kessens
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/
Apr 24, 2020 • 29min
Behind the Markets Podcast: Kevin Volpp
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/
Apr 23, 2020 • 25min
Behind The Markets Podcast: Chase Taylor
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
Apr 17, 2020 • 27min
Behind The Markets Podcast: Ryan Detrick
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
Apr 17, 2020 • 28min
Behind The Markets Podcast: Ronald Barg
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
Apr 9, 2020 • 33min
Behind The Markets Podcast: Sam Rines
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/
Apr 9, 2020 • 22min
Behind the Markets Podcast: Neal Patel & Enrique Mendoza
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/
Apr 3, 2020 • 53min
Behind The Markets Podcast: Ruby Huang & Art Berman
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
Mar 27, 2020 • 53min
Behind the Markets Podcast: COVID-19 Update w/ James Bullard
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
