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
Sep 25, 2020 • 53min
Behind The Markets Podcast: Matt Garratt
Show from 9/25/20
Wharton Finance Professor Jeremy Siegel's market update includes the death of Ruth Bader Ginsberg, the potential of a stimulus bill before the 2020 presidential election, unemployment insurance running out, and expectations for next weeks employment report. Then host Jeremy Schwartz talks to a managing partner at Salesforce Ventures about platform based business models, AI, ESG funds, emerging technology, and much more.
Guest:
Matt Garratt - Managing Partner, Salesforce Ventures
Follow Matt on Twitter: @mdgarratt
For more information on Salesforce, visit their website: https://www.salesforce.com/company/ventures/
Sep 18, 2020 • 53min
Behind The Markets Podcast: Jesper Koll
Show from 9/18/20
The show kicks off with Wharton Finance Professor Jeremy Siegel's market update. He discusses the fed and stimulus packages, the IPO price, and inflation. Then Jeremy Schwartz brings on the CEO of WisdomTree Japan to talk about Prime Minister Shinzo Abe's resignation, rebalancing Japan's tax system, monetary policy, trade, corporate governance and much more.
Guest:
Jesper Koll - Chief Executive Officer of WisdomTree Japan. Over the past two decades Jesper has been consistently ranked as one of the top Japan strategists/economists, working as Chief Strategist and Head of Research for major U.S. investment banks J.P. Morgan and Merrill Lynch. His analysis and insights have earned him a position on several Japanese government advisory committees and Jesper is also one of the few non-Japanese members of the Keizai Doyukai, the Japan Association of Corporate Executives. He has written two books in Japanese, Towards a New Japanese Golden Age and The End of Heisei Deflation. After arriving in Japan in 1986 Jesper initially worked as an aide to a Member of Parliament. Jesper has a Masters degree from the School of Advanced and International Studies at Johns Hopkins University and was a research fellow at both Tokyo University and Kyoto University. He is a graduate of the Lester B. Pearson College of the Pacific.
Follow WisdomTree on Twitter: @WisdomTreeETFs
Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz
Ask Siegel: If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com

Sep 11, 2020 • 53min
Behind the Markets Podcast: Tao Wang
Show from 9/11/20
The show starts with our usual market update. Wharton Finance Professor Jeremy Siegel talks about the start of the NFL season, Coronavirus cases, and election stats. Then Hosts Jeremy Schwartz and Liqian Ren bring on a US/China relations expert. They discuss US/ China trade disputes, China's handling of the Coronavirus, growth in China's private market in areas such as internet, and much more.
Guest:
Tao Wang - Chief China Economist/Head:Asia Economic Research, UBS AG
For more on UBS visit their website: https://www.ubs.com/us/en.html
Follow UBS on Twitter: @UBS
Sep 4, 2020 • 54min
Behind The Markets Podcast: Helmut Norpoth, Ed Clissord, & Jeff Weniger
Show from 9/4/20
Wharton Finance Professor Jeremy Siegel kicks off the show talking about the unemployment rate and the potential of reopening the economy. Then Host Jeremy Schwartz and Guest Co-Host Jeff Weniger bring on two political forecasting experts to discuss potential 2020 election outcomes and what it will mean for your financial portfolios.
Guests:
Helmut Norpoth - Professor of Political Science at Stony Brook University
Visit his Faculty Page: https://www.stonybrook.edu/commcms/polisci/people/_faculty/Norpoth_Helmut.php
Check out recent articles and interviews with Professor Norpoth: stonybrook.edu/experts/profile/helmut-norpoth
Ed Clissord - Chief US Strategist for Ned Davis Research
Follow him on Twitter: @edclissold
Ned Davis Research Website: https://www.ndr.com/
Jeff Weniger - Director of Asset Allocation at WisdomTree
Follow Jeremy Schwartz on Twitter: @JeremyDSchwartz
Ask Siegel (NEW!)
If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com
Aug 28, 2020 • 54min
Behind The Markets Podcast: Jared Woodard
Show from 8/28/20
Wharton Finance Professor Jeremy Siegel talks about the Fed inflation rates and the political state in America. Then the head of the research investment committee at Bank of America joins the show to talk about the end of the 60/40 stocks/bonds spread, current market trends, and secular stagnation.
Guest:
Jared Woodward - Head of the Research Investment Committee at Bank of America.
Visit Bank of America's website: https://www.bankofamerica.com/
Ask Siegel (NEW!)
If you have a pressing finance question we invite you to email us: asksiegel@wisdomtree.com
Aug 21, 2020 • 54min
Behind the Markets Podcast: Ben Webster
Show from 8/21/20
Wharton Finance Professor Jeremy Siegel kicks off the show with his markets update discussing the impact of the upcoming election and political atmosphere in the US. Then, one of the hot topics in the finance is ESG investing. Host Jeremy Schwartz talks to a data analytics expert focusing on making the world a better place. CEO of Owl Analytics, Ben Webster, studies the sales and operations of businesses to ensure the companies you're investing in have ethical values.
Guest:
Ben Webster - CEO and Co-Founder of OWL Analytics
Find out more by visiting their website: http://owlanalytics.net/
-You can sign up for their newsletter!
Aug 14, 2020 • 53min
Behind The Markets Podcast: Jamin Ball, Steve Zahm, & Brian Feinstein
Show from 8/14/20
Wharton Finance Professor Jeremy Siegel kicks off the show discussing the impact of politics, the November election, and COVID-19 on markets. Then Host Jeremy Schwartz talks to three experts on cloud based software. They get into growth rates, investments, and earnings as it applies to wealth management during these high risk times.
Guests:
Jamin Ball - VP of Redpoint Ventures
Follow him on Twitter: @jaminball
Follow Redpoint on Twitter: @redpointvc
Steve Zahm - Chief Culture Officer at Procore Technologies
For more on Procore visit their website: https://www.procore.com/
Brian Feinstein - Managing Partner at Bessemer Venture Partners
To find out more about Bessemer Venture Partners visit their website: https://www.bvp.com/
Follow Bessemer Venture Partners on Twitter: @BessemerVP

Aug 7, 2020 • 54min
Behind The Markets Podcast: Greg Valliere & Jeff Weniger
Show from 8/7/20
Wharton Finance Professor Jeremy Siegel gives his market update covering the political landscape and the jobs report. Professor Siegel says we need to focus on the future looking at virus trends and stimulus trends. Then hosts Jeremy Schwartz and Liqian Ren continue the conversation with Professor Siegel and bring on Greg Valliere. Greg says that the election will likely tighten between Trump and Biden as we near November. Then Jeremy Schwartz and Liqian bring on Jeff Weniger and discuss China/ US relations.
Guests:
Greg Valliere - Chief US Policy Strategist at AGF Investments
More on AGF Investments: https://www.agf.com/us/index.jsp
Follow AGF Investments on Twitter: @agf
Jeffrey Weniger- CFA serves as Director, Asset Allocation at WisdomTree
Jul 29, 2020 • 1h 5min
Behind The Markets Podcast: Alex Moazed
Show from 7/31/20
Host Jeremy Schwartz and WisdomTree Guest Hosts Kara Marciscano and Rafi Aviav talk to an expert on platform business models. They discuss the dual nature of these platforms: consumers and producers. The producers contribute the inventory that the the consumers come to the platform for. Think Youtube or Instagram. According to our guest, these platforms have a winner take all scale because it's difficult to overcome network effects. This conversation tries to codify and make sense of these large platform monopolies and provides insights into investing in the space.
Guest:
Alex Moazed - Founder and CEO of Applico. In 2016, Macmillan published his book, Modern Monopolies, which defines the platform business model.
Follow Alex on Twitter: @AlexMoazed
Check out his book "Modern Monopolies": https://www.amazon.com/Modern-Monopolies-Dominate-Century-Economy/dp/1250091896
Visit the Applico Website: https://www.applicoinc.com/author/amoazed/
Wisdom Tree Growth Leaders Fund:
https://www.wisdomtree.com/etfs/thematic/plat
The WisdomTree Growth Leaders Fund* seeks to track the investment results of high growth, mid and large-cap companies leveraging platform-based business.

Jul 24, 2020 • 32min
Behind The Markets Podcast: Jonathan Golub
Show from 7/24/20
Hosts Jeremy Schwartz, Liqian Ren, and Wharton Finance Professor Jeremy Siegel discuss the big market updates of the last few weeks. Professor Siegel gets into gold prices, the politics behind the stimulus package, and COVID-19 news. Then they bring on a US Equity Strategist from Credit Suisse who discusses the equity bond spread, interest rates, and earnings trends.
Guests:
Jonathan Golub - Managing Director and Chief U.S. Equity Strategist for Credit Suisse, based in New York.
To learn more about Credit Suisse visit their website: www.credit-suisse.com
Follow Credit Suisse on Twitter: @CreditSuisse


