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Show from 2026-10-02 Professor Jeremy Siegel opens with his take on the latest payroll report, highlighting softer job growth, improving labor-force participation, steadier hours worked and continued manufacturing gains. He argues the data gives the Federal Reserve room to pause in October, while noting that higher real interest rates remain a challenge for equity valuations. Siegel also discusses oil prices, the continued strength of AI-related spending and why higher borrowing costs may weigh more heavily on lower-margin value companies than on large technology firms. (12:00) After Siegel departs, Chris Gannatti and Samuel Rines examine the market reaction to the jobs report, the outlook for Fed policy, election-related policy uncertainty and the growing political resistance to data-center development. They also discuss Micron’s strong results, the cyclical nature of memory markets and the global search for locations with sufficient power and cooling capacity for AI infrastructure. Jeremy Schwartz then speaks with Tom May, founder and CEO of Atlantic House, about WisdomTree’s acquisition of the firm and its expansion into derivatives-based strategies. May explains defined-outcome investing, autocallables, downside protection, volatility risk premia and how customized derivatives can help investors shape portfolio risk and return. Learn more about Tom: https://www.wisdomtree.com/ch/en/insights/contributors/tom-may Tom on LinkedIn: https://www.linkedin.com/in/tom-may-716bb612/ WisdomTree: https://www.wisdomtree.com/investments

Show from 2026-09-25 Jeremy Schwartz and Professor Siegel open with the sharp rise in real interest rates and what stronger economic growth, higher Treasury yields, and upcoming inflation, housing, employment, and money-supply data could mean for markets. They discuss the resilience of equities despite pressure from bonds, the outlook for small-cap and value stocks, and how Meta’s Muse AI agent could disrupt businesses that benefit from consumer inertia by making it easier to compare prices, switch providers, and negotiate better deals. (13:10) After Professor Siegel leaves the call, Jeremy is joined by Samuel Rines and Chris Gannatti. Sam examines headlines surrounding Oracle’s data-center buildout and argues that concerns over potential project delays may have been overstated. The group then explores their early experiences with Muse, including inbox management, subscription cancellations, property claims, and automated negotiations that produced meaningful monthly savings. They consider Meta’s position in consumer AI and the potential implications for advertising, marketplaces, and competing technology platforms. Chris shares observations from a major quantum-computing conference, highlighting investment in domestic quantum infrastructure, emerging foundry models, and specialized suppliers. The conversation closes with Japan, currency and rate volatility, space-based computing, and Sam’s renewed focus on corporate “price over volume” strategies as companies consider further price increases. WisdomTree: https://www.wisdomtree.com/investments

Show from 2026-09-18 Jeremy and Sam are joined by Ron Johnson, former Apple retail chief and author of Shop Different: How Retail Revealed Apple’s Genius. Johnson reflects on his career at Target, Apple, and JCPenney, including lessons from both success and failure. He explains why physical retail remains resilient, how stores and e-commerce increasingly complement one another, and why customer service was foundational to the Apple Store model. Johnson also discusses AI’s role in improving retail rather than replacing stores, the importance of frictionless checkout and strong in-store experiences, and his belief that successful retailers win through constant innovation, disciplined execution, and genuine care for customers. (46:45) Jeremy Schwartz, Kevin Flanagan, and Professor Jeremy Siegel discuss the Federal Reserve’s latest policy decision, including the unanimous rate move, stronger economic growth, persistent inflation, and the implications of higher short- and long-term interest rates. Siegel highlights the importance of the 10-year Treasury yield for equity valuations, the potential economic effects of tighter financial conditions, and the growing role of AI investment in capital spending, productivity, and technology-sector inflation. The conversation also examines bond-market positioning, data-center financing, and how future inflation and productivity readings could shape the outlook. Get Ron’s book: https://a.co/d/0fuOI0AH When Steve Jobs hired Ron Johnson to create the Apple Store in 2000, con­ventional wisdom said that the inter­net would put stores out of business. By the time he left Apple in 2011, Johnson and his team had created the most respected and profitable retail stores in the world. And even then, skeptics were still predicting the death of physical retail. In Shop Different, Johnson reveals how it happened: how he earned Jobs’s trust, how they developed a vision for a store that would win not by selling but by serving, and how he convinced Jobs that the store’s service philosophy should be rooted in some­thing as intangible as love. Johnson then gives readers a new look at Apple’s ascent to the most valuable company in the world; offers an inspiring vision for a future in which retailers win on connection, service, and experience; and shares an honest look at what leads to success—and what can follow. Shop Different is not a traditional business book. It is an insider account of one of the most important retail successes of our time, a guide for anyone trying to lead through technological change, and, in the age of artificial intelligence, a profound reminder of what it means to be human. Ron on LinkedIn: https://www.linkedin.com/in/shopdifferent/ WisdomTree: https://www.wisdomtree.com/investments

Show from 2026-09-11 Jeremy Schwartz and Professor Jeremy Siegel open the show by assessing hotter-than-expected inflation, rising Treasury yields, and the growing likelihood of a Federal Reserve rate hike. Siegel argues that credit expansion, persistent inflation pressures, and signals from the yield curve support tighter policy, while noting that equities have remained surprisingly resilient despite higher rates and volatile energy prices. The discussion also covers oil, diesel, geopolitical risks surrounding Iran and key shipping routes, and concerns about Treasury-market credibility and policy coordination. (18:00) After Professor Siegel leaves, Jeremy is joined by Sam Rines and Chris Gannatti for a broad look at earnings, artificial intelligence, and global macro developments. They discuss Oracle’s massive backlog, data-center financing, and continued demand for compute; Kroger’s AI-driven precision marketing business; Meta’s AI investments; and Adobe’s valuation, AI strategy, and content-provenance advantages. Chris also reviews Apple’s latest product event and progress in quantum computing, including developments at IonQ. The conversation closes with the ECB, European energy pressures, Middle East negotiations, currency-market reactions, the Japanese yen, and how a potential Fed rate hike could influence the dollar and longer-term yields. WisdomTree: https://www.wisdomtree.com/investments

Show from 2026-09-04 Jeremy Schwartz and Professor Jeremy Siegel open with the latest jobs report, highlighting stronger-than-expected payroll growth, upward revisions, rising hours worked, improved labor-force participation, and contained wage pressures. Siegel argues the data point to a resilient economy but may temper hopes for a dramatic AI-driven productivity surge this quarter. He also discusses the case for a Federal Reserve rate hike, rising money supply growth, bond yields, inflation risks tied to oil and Iran, and the market implications of stronger growth and higher discount rates. The conversation also touches on AI-related productivity gains, limited evidence of widespread AI-driven layoffs, and geopolitical developments involving Russia and Ukraine. (16:00) After Professor Siegel signs off, Schwartz continues with Sam Rines and Chris Gannatti. They examine whether longer-duration bonds are becoming more attractive, along with opportunities in gold, housing, and other rate-sensitive areas. The discussion then turns to AI, including hyperscaler spending, data-center commitments, semiconductor beneficiaries, the risks surrounding future compute demand, and whether major technology companies are becoming value opportunities. They also cover Tesla’s robotaxis, the strategic importance of compute, Japan’s currency and rate outlook, Venezuela’s potential role in U.S. energy security, and continued progress in quantum computing. WisdomTree: https://www.wisdomtree.com/investments

Show from 2026-08-28 Jeremy Schwartz and Professor Siegel open with a discussion of the latest Federal Reserve signals, with Siegel praising the renewed emphasis on money supply, bank credit, commodity prices, market-based inflation expectations, and interest rates. Siegel views the Fed’s tone as more hawkish than expected, but argues that markets responded positively because policymakers provided clearer criteria and demonstrated a more disciplined framework. He also discusses the possibility of additional rate hikes, the resilience of economic activity, and the market implications of strong earnings from NVIDIA and Salesforce. (12:40) After Professor Siegel leaves, Schwartz is joined by Michael Fridman, Sam Rines, and Chris Gannatti for a broader market and technology discussion. The group examines NVIDIA’s continued data-center growth, the widening base of AI demand, improving sentiment toward software, Salesforce’s rebound, and the distinction between broad software recovery and selective opportunities. They also debate potential risks to the AI trade, custom chips versus NVIDIA’s full-stack ecosystem, Marvell’s positioning, Meta’s legal settlement, and developments in quantum computing. The conversation closes with signs of resilience in consumer spending, the transition from AI infrastructure buildout toward commercialization, improving profit margins, and renewed interest in gold as a portfolio diversifier. Michael on LinkedIn: https://www.linkedin.com/in/michaelfridman23/ WisdomTree: https://www.wisdomtree.com/investments

Show from 2026-08-21 Professor Jeremy Siegel joins Jeremy Schwartz to discuss Treasury Secretary Scott Bessent’s efforts to influence the yield curve, the implications for Fed credibility, and the market’s reaction across bonds, crypto, gold, and the dollar. Siegel also previews Jackson Hole, arguing investors need more clarity on Chair Kevin Warsh’s reaction function, while noting that rising commodity prices and continued money-supply growth could strengthen the case for higher rates later in the year. He also weighs geopolitical risks surrounding Iran, China, oil flows, and the Strait of Hormuz. (14:12) After Siegel leaves, Sam Rines and Chris Gannatti join Schwartz for a broader discussion spanning consumers, technology, and global markets. Rines assesses Walmart, Target, Ross Stores, and Redbook data, concluding that consumer spending remains resilient despite mixed retail earnings. The group explores AI-driven drug discovery, Moderna’s cancer-treatment developments, humanoid robotics, drones, and the growing overlap between defense technology and commercial applications. They also examine opportunities in Europe and Japan, renewed momentum in crypto and gold, the impact of a weaker dollar, China’s AI ecosystem, and NVIDIA’s expanding role in financing AI infrastructure. Gannatti closes with developments in quantum computing, including sensing, navigation, cybersecurity, and emerging commercial applications. WisdomTree: https://www.wisdomtree.com/investments

Show from 2026-08-14 Host Jeremy Schwartz and Professor Siegel discuss weaker retail sales, inflation trends, strong corporate earnings and the market continuing to reach new highs. The Prof notes that some recent economic data has softened, but higher-frequency indicators are not yet pointing to a major slowdown, while lower oil prices and encouraging inflation details remain supportive for markets. He also focuses on Fed policy, arguing that while avoiding forward guidance is defensible, the Fed still needs to be clearer about its reaction function, the inflation measures it is watching and the conditions that would lead to a rate change, with Jackson Hole potentially providing that clarity. Jim Bianco joins the discussion with the Prof to break the issue into forward guidance, the Fed’s reaction function and the increasingly independent voting behavior of committee members. (21:12) Jeremy continues with Jim Bianco, Sam Rines and Chris Gannatti to discuss their takeaways from Camp Kotok, including the massive scale of AI capital spending, the federal deficit, geopolitical risk and the changing nature of warfare as drones and lower-cost technologies challenge traditional military spending. Sam expands on defense procurement and tariffs, while Chris discusses developments in quantum computing and the roadmaps public companies are laying out toward fault-tolerant systems. Jim then walks through his current bond-market positioning, including a more neutral stance on duration, corporate bonds and mortgages, along with exposure to convertible bonds tied to the AI theme. He also explains why moderately higher rates may be consistent with a strong economy, where rates could begin to pressure equities, and why lower mortgage rates alone may not solve housing affordability. The conversation closes with global markets, Japan, rising rates overseas, currency intervention, the yen and the effect of tariffs on corporate capital flows. About the guest: Jim Bianco is President and Index Manager at Bianco Research Advisors. He is also the President of Bianco Research LLC. Since 1990, Jim’s commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking. Jim appears regularly on CNBC, Bloomberg, and Fox Business, and is often featured in the Wall Street Journal, Bloomberg News, Grants Interest Rate Observer, and MarketWatch. Jim has a Bachelor of Science degree in Finance from Marquette University (1984) and an MBA from Fordham University (1989). Learn More about the Bianco Total Return Index: https://www.biancoadvisors.com/ WisdomTree: https://www.wisdomtree.com/investments

Show from 2026-08-07 Host Chris Gannatti and Professor Siegel discuss the latest employment report, including weaker payroll growth, downward revisions, wage trends and what the data could mean for productivity. The Prof also weighs in on the outlook for Fed policy, oil prices, M2 money supply and unusually strong corporate earnings and profit margins. (19:50) Chris Gannatti is joined by Jon Flynn and Jeff Weniger to discuss commodities, starting with gold and the recent shift in investor flows before looking at copper and the AI data center buildout. The group explores gold’s role as a portfolio diversifier, currency intervention involving the yen, the dollar and interest-rate differentials, along with what the yield curve and economic data could signal for monetary policy. They close by discussing contrarian opportunities, including India and other areas that have seen significant investor outflows. WisdomTree: https://www.wisdomtree.com/investments

Show from 2026-07-31 Host Jeremy Schwartz and Professor Siegel discuss the Fed’s decision to hold rates steady and what the Prof viewed as a poorly handled press conference that failed to clearly explain a defensible policy decision. The Prof also covers the sharp rotation from growth to value, strong consumer spending beneath the GDP report, rapid money supply growth and the importance of oil prices to inflation, sentiment and the market outlook. (13:50) Jeremy continues with Sam Rines, Blake Hyman and Michael Fridman to break down the month’s volatility in AI-related stocks, including hedge fund de-risking, leverage unwinds and the impact of risk management on semiconductor and memory names. The group reviews earnings and AI spending from Meta, Microsoft, Amazon, Google and Apple, debating whether hyperscaler capital expenditures are generating sustainable returns and whether enterprise demand confirms that AI is moving from experimentation into commercialization. They also discuss the outlook for memory companies, long-term supply agreements and why the broader AI infrastructure buildout may still be in its third or fourth inning. The conversation closes with Apple’s uncertain AI strategy, potential opportunities for private local models, movements in the Japanese yen, the Bank of Japan’s policy stance, tariff refunds for U.S. companies and the possibility that volatility and further leverage-related selling could continue into August. WisdomTree: https://www.wisdomtree.com/investments

Show from 2026-07-24 Host Jeremy Schwartz and Professor Siegel discuss the pullback in mega-cap technology stocks, the market’s growing concern around massive capital expenditures and the pressure rising bond yields are putting on equity valuations. The Prof also weighs in on oil prices and renewed inflation risks, the importance of distinguishing real yields from nominal yields when evaluating the equity risk premium, the upcoming Fed meeting and the potential market impact of tariffs and tighter financial conditions. (19:29) Jeremy continues with Sam Rines, Chris Gannatti and Jeff Weniger to break down the latest tech earnings and the market’s increasingly skeptical reaction to AI-related spending, with a focus on whether higher CapEx, shareholder dilution and a more asset-heavy business model could change how investors value the largest technology companies. The group compares spending and buyback trends across large technology companies and financials while discussing Intel, Alphabet, Apple, Tesla, Nvidia, AMD and the broader semiconductor complex, along with the rapid growth of firms such as Anthropic and what that could mean for continued AI infrastructure investment. They also examine consumer spending and financial resilience data, the contrast between pessimistic economic surveys and still-healthy consumer activity, and close with a discussion of oil, interest rates, gold and bonds as potential portfolio hedges as markets watch for further geopolitical and inflation developments. WisdomTree: https://www.wisdomtree.com/investments

Show from 2026-07-17 Host Jeremy Schwartz and Professor Siegel discuss softer-than-expected CPI and PPI readings, the renewed rise in oil and gasoline prices, and the possibility that higher energy costs could reverse some recent inflation progress. The Prof says the latest data reduces the likelihood of an immediate Fed hike, but warns that persistent strength in oil, gasoline and the money supply could make later policy decisions more difficult. He also reviews stronger housing starts, steady GDP expectations and the sharp rotation away from high-flying AI, semiconductor and memory stocks. Professor Siegel argues that the pullback is healthy because investors are reassessing valuations, competition, hyperscaler spending and how much customers will continue paying for computing power. (14:02) Jeremy continues with Sam Rines, Jeff Weniger and Chris Gannatti to examine crack spreads, diesel prices and the economic effects of elevated refining costs. The group discusses volatility in Korean technology shares, widespread margin calls, leveraged retail accounts and the rebalancing pressures facing major pension funds in Korea and Japan. They also review strong bank earnings, resilient consumer spending, improving credit trends and the broadening of earnings growth beyond technology. The conversation closes with hyperscaler capital spending, U.S.-China AI competition, IBM’s sharp decline, a possible rotation from hardware into software, credit-card rewards, gold prices and housing affordability. WisdomTree: https://www.wisdomtree.com/investments

Show from 2026-07-10 Host Jeremy Schwartz is joined by Chris Gannatti and Jeff Weniger for a wide-ranging discussion on the latest developments driving technology markets and the economy. The group examines surging AI infrastructure spending, demand for memory chips, expectations for another strong earnings season, and the growing investment cycle surrounding data centers, hyperscalers and physical AI. Professor Siegel joins later in the episode to discuss the resilience of equity markets despite renewed geopolitical tensions in the Middle East, highlighting the surprising stability in oil prices, the outlook for inflation, interest rates and second-quarter GDP, while also explaining how AI-driven margin expansion continues to fuel historically strong corporate earnings growth. After Professor Siegel signs off, Jeremy, Chris and Jeff briefly wrap up the show with additional commentary on Delta's earnings, travel demand, and observations from the summer travel season. The conversation concludes with a discussion of activity in Las Vegas, consumer travel trends, and how pricing dynamics may be affecting tourism and convention traffic. WisdomTree: https://www.wisdomtree.com/investments

Show from 2026-07-02 Host Jeremy Schwartz and Professor Siegel discuss the latest jobs report, noting downward payroll revisions, an unusually sharp decline in labor force participation, and why broader labor market data still points to a steady economy rather than a significant slowdown. Professor Siegel also explains why lower oil prices and easing commodity inflation could keep the Fed on hold for the rest of the year while highlighting the increased volatility between value and growth stocks driven by AI-related trading. (14:52) Jeremy is joined by Blake Hyman, Sam Rines and Jeff Weniger to discuss the latest developments across AI infrastructure, semiconductor spending, Meta’s new compute capacity initiative and OpenAI’s delayed IPO. The group also examines geopolitical developments affecting energy markets, AI adoption and employment trends, opportunities in Japan, recent market rotations, and the investment implications of AI across technology, healthcare and other sectors. They close with a discussion on the new Trump Accounts program and its potential long-term retirement planning benefits. WisdomTree: https://www.wisdomtree.com/investments

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