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
Feb 25, 2022 • 53min
Behind the Markets Podcast Special: St. Louis Fed President Jim Bullard
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
Feb 18, 2022 • 53min
Behind The Markets Podcast: Josh Young & Nitesh Shah
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
Feb 11, 2022 • 53min
Behind The Markets Podcast: Dave Donabedian & Kevin Flannagan
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
Feb 4, 2022 • 53min
Behind The Markets Podcast: J.C. Parets
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
Jan 28, 2022 • 52min
Behind The Markets Podcast: Wes Gray & Harris Kupperman
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
Jan 21, 2022 • 53min
Behind The Markets Podcast: David George
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
Jan 14, 2022 • 53min
Behind The Markets Podcast: Harindra De Silva
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
Jan 7, 2022 • 34min
Behind The Markets Podcast: Greg Valliere
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
Jan 6, 2022 • 21min
Behind The Markets Podcast: Tim Duy
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
Dec 24, 2021 • 53min
Behind The Markets Podcast: Michael Batnick & Larry Cermak
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


