Michael Green, an expert in the market, joins the discussion on mixed reactions in the market data and the potential impact of the new speaker elected by the government. He discusses wage increases, inflation, ETFs, betting on high rates, and the real estate market. Michael shares his opinion on option market day trading, macro strategies, high yield market, credit default swaps, and passive indexing's impact on the market.

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

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

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

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

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

Guest Robert Novy-Marx, an award-winning finance professor, discusses the predictive power of value research, the underperformance of value stocks due to sector tilts, and the difference between gross profits and net income. He also previews his upcoming presentation on reversals and liquidity provisions at the Wharton School's conference. The podcast also covers market trends, the impact of oil prices on the economy, recent news on tech valuations, factor investing, and concerns about AI in finance.

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

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

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