Behind the Markets Podcast

Host Jeremy Schwartz and Professor Siegel discuss the sharp rotation from growth into value, falling oil prices, stronger-than-expected economic data, and the implications of rising memory chip costs across the technology sector. Professor Siegel also shares his view that lower energy prices should help keep inflation contained, making additional interest rate hikes this year unlikely, while highlighting upcoming labor market, housing, and money supply data as key indicators to watch. (13:23) Jeremy continues with Brent Donnelly to discuss his new book, Trade Outside the Box, and how successful traders can gain an edge by thinking beyond traditional investment frameworks. Brent explains how psychology, poker, creativity, narratives, and behavioral finance influence his trading process, while also discussing the role of AI, market positioning, and sentiment in identifying opportunities. The conversation concludes with insights on market rotations, disciplined risk management, adapting to changing market environments, and the broader life lessons that can be drawn from trading, decision-making, and independent thinking.

Read Brent's book: https://a.co/d/09sXk2jA

Learn more about Brent: https://www.amazon.com/stores/author/B07NC8MVZZ/about?ccs_id=7f690ca0-41d4-43c0-b13c-b3140b3a8411

WisdomTree: https://www.wisdomtree.com/investments

Show from 2026-06-19

Host Jeremy Schwartz and Professor Siegel discuss the Federal Reserve's latest meeting, the outlook for interest rates, and how falling oil prices could influence inflation, monetary policy, and investor sentiment in the months ahead. Professor Siegel explains why declining energy prices could lead to significantly lower inflation readings, shares his views on the political and economic challenges of raising rates in that environment, and discusses the potential for market leadership to broaden beyond AI-related stocks as energy prices stabilize. (25:43) Jeremy is joined by Tyson Tuttle, CEO of Circuit AI, to explore how artificial intelligence is transforming manufacturing and industrial businesses by improving productivity, addressing skilled labor shortages, and helping companies accelerate revenue growth. Tyson explains how Circuit AI applies AI to automate complex quoting, technical documentation, and service workflows while preserving valuable institutional knowledge. The conversation also covers AI's long-term impact on employment, the rapid buildout of AI infrastructure, the outlook for semiconductors and enterprise software, token economics, and why startups may be best positioned to capitalize on the next wave of AI-driven innovation.

Learn more: https://www.circuit.ai/

Tyson Tuttle: https://www.linkedin.com/in/tuttle/

WisdomTree: https://www.wisdomtree.com/investments

Show from 2026-06-12

Host Jeremy Schwartz and Professor Siegel discuss the market’s positive reaction to a ceasefire agreement involving Iran, the reopening prospects for the Strait of Hormuz, and the potential impact of lower oil prices on inflation and economic growth. The Prof also highlights the highly anticipated SpaceX IPO, the wealth creation it could generate for investors, and previews next week’s pivotal Federal Reserve meeting and comments expected from Kevin Warsh. (21:01) Jeremy is joined by Sam Rines, Chris Gannatti, and Jeff Weniger to discuss competition in artificial intelligence between OpenAI and Anthropic, the economics of AI token usage, and the potential for lower AI costs over time. The group also explores government investment in strategic industries such as semiconductors and quantum computing, examines investor sentiment and thematic investing trends, and debates the broader implications of the SpaceX IPO, including wealth creation, index inclusion, and consumer spending impacts.

WisdomTree: https://www.wisdomtree.com/investments

Show from 2026-06-05

Host Jeremy Schwartz and Professor Siegel discuss the surprisingly strong jobs report, the implications for upcoming Federal Reserve policy, and continued strength in equity markets despite geopolitical tensions and questions around productivity gains from AI. Professor Siegel also comments on international diversification, the dominance of U.S. technology companies, and the disconnect between Wall Street performance and broader economic productivity. (19:23) Jeremy is joined by Ben Carlson to discuss his new book, Risk and Reward: How to Handle Market Volatility and Build Long-Term Wealth. The conversation covers investor behavior during bull and bear markets, the importance of diversification, lessons from Japan and international markets, concentration risk, systematic investing, trend-following strategies, and how investors can avoid common mistakes such as market timing while maintaining a long-term perspective.
Guest: I’m the Director of Institutional Asset Management at Ritholtz Wealth Management. We create detailed investment plans and manage portfolios for institutions and individuals to help them achieve their goals.
I’ve been managing institutional portfolios for my entire career. I started out with an institutional investment consulting firm developing portfolio strategies and creating investment plans for various foundations, endowments, pensions, hospitals, insurance companies and high net worth individuals. More recently, I was part of the portfolio management team for an investment office that managed a large endowment fund for a charitable organization.
I’m the author of four books about saving, investing and money.
In 2017, I was named to the Investment News 40 Under 40 list of top financial advisors.
Every Wednesday, you can listen to a new episode of my podcast Animal Spirits with Michael and Ben. Fortune named Animal Spirits to its list of Best Business Podcasts. Investopedia named Animal Spirits to its top 10 investing podcast list.

Wealth of Common Sense: https://awealthofcommonsense.com/my-book/
WisdomTree: https://www.wisdomtree.com/investments

Show from 2026-05-29

Host Jeremy Schwartz and Professor Siegel discuss easing oil prices, lower Treasury yields, AI-driven market strength, recent economic data, and why investors should compare stock earnings yields to real bond yields rather than nominal bond yields. Professor Siegel notes that growth remains positive with no signs of recession, while also highlighting stronger money supply growth and upcoming labor market data as key areas to watch. (16:45) Jeremy is joined by Jeffrey Roach, Jeff Weniger, Sam Rines, and Chris Gannatti to discuss the economic outlook, inflation expectations, Fed independence, and portfolio positioning. The group examines consumer spending trends, opportunities in international markets with a focus on India, the outlook for oil prices following the Strait of Hormuz disruption, and sector opportunities across technology, healthcare, and biotech. They also explore AI infrastructure demand, government investment in strategic technologies such as drones, semiconductors, and quantum computing, and the broader implications of AI on productivity, employment, and future market leadership.
Guest: Jeffrey Roach is Chief Economist for LPL Financial. Responsible for relating economic conditions with financial market outcomes, Jeffrey provides forward-looking views of global economic conditions and sets forecasts across various economic data series.
Jeffrey is also a member of LPL Research’s Strategic & Tactical Asset Allocation Committee (STAAC), which provides a united investment view across a comprehensive range of investing disciplines. He provides regular, compelling insights for financial advisors and enterprise clients, and communicates the firm's economic views via conference calls, webinars, LPL events, and media engagements.
Known for cutting-edge research across a career that spans over 20 years in investing and economics, Jeffrey maintains frequent contact with Federal Reserve economists, Wall Street analysts, and other leading global money managers. He’s an avid contributor to the financial press outside of LPL Financial and is a sought-after speaker.

Jeff Roach: https://www.linkedin.com/in/jeffreyroachphd
WisdomTree: https://www.wisdomtree.com/investments