Behind the Markets Podcast

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

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

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

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

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

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

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

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

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

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

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

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

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/

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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).

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

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.

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

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

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

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.

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

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

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

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

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

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

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

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

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/

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