On Investing

In this episode, Liz Ann Sonders and Kathy Jones analyze the state of the markets and discuss the current expectations around the Fed's potential rate cuts.  Then, Liz Ann speaks with Kevin Gordon about sector trends and changes in the overall market. They discuss the notable shifts in sector performance, particularly in energy and technology. The energy sector has taken the leadership baton from...

In this episode, Liz Ann Sonders and Kathy Jones analyze the March 2024 CPI data and its impact on the bond markets and Fed policy. CPI came in higher than expected, with significant increases in housing, clothing, and transportation services, probably closing the door on a June rate cut, as the Fed will likely have to be patient and wait for the numbers to improve.  Then, Kathy interviews David B...

How do you find reliable information about the markets and the economy? It's one thing for individual investors to struggle with financial jargon and context, but what about professionals?  In this episode, Kathy Jones interviews Wall Street Journal reporter Dion Rabouin. They discuss Dion's background and his path to becoming a journalist, his transition to different media formats, current topics...

In this conversation, Liz Ann Sonders interviews Dr. Ed Yardeni, president of Yardeni Research. They discuss this unique economic cycle and the concept of rolling recessions. Ed explains his optimism in the face of widespread pessimism about an impending recession. Yardeni also introduces the idea of "Postmodern Monetary Theory" and its impact on the economy. He emphasizes the importance of the la...

In this episode, Liz Ann and Kathy discuss the results and implications of the latest Fed meeting. They also address election-related questions and the impact of the FOMC meeting on interest rates. The conversation then shifts to the bond market's reaction and expectations. They explore the historical perspective of Fed cycles and the performance of the stock market during these cycles. The discus...

Liz Ann Sonders and Kevin Gordon discuss the evaluation of various sectors of the economy and the relaunch of Schwab Sector Views , which provides perspective and ratings on the 11 sectors of the S&P 500. The new version of Sector Views incorporates a quantitative and qualitative approach, using factors such as growth, quality, sentiment, stability, and valuation to determine sector rankings. The...

In this conversation, Kathy and Liz Ann discuss the current state of market sentiment, underlying trends in the fixed income market and yield demand, and the disconnect between investors' attitudes and behavior.   Then, Liz Ann interviews Matthew Shay, CEO of the National Retail Federation (NRF). The retail landscape in the United States has undergone significant challenges since the pandemic four...

In this episode, Kathy Jones and Liz Ann Sonders discuss some of the latest questions they are hearing from investors. Corporate bonds have received extra attention lately due to their higher yields. Will that streak continue? Collin Martin joins Kathy Jones for a conversation with Winnie Cisar from CreditSights. They discuss the role of corporate bonds and how credit ratings work. They cover topi...

How did the latest inflation numbers affect the stock market and Treasury yields? In this episode, Kathy Jones and Liz Ann Sonders discuss why the CPI report showed higher-than-expected numbers, and they cover the economic indicators impacting future Fed rate cuts. Liz Ann Sonders next interviews Kayne Anderson CEO Al Rabil about the state of the corporate real estate market. They discuss office o...

In this episode, Kathy Jones and Liz Ann Sonders discuss the latest signaling from the Fed and how companies have fared during earnings season. Then, Liz Ann is joined by real estate professionals Dolly Lenz and Jenny Lenz . They share insights into Dolly's start in the business and her journey to becoming a renowned real estate professional. They also discuss the changes in the residential real e...

In this episode, Kathy and Liz Ann discuss the latest Fed meeting and how companies have fared during earnings season. Then, Kathy is joined by Cooper Howard and special guest Jane Ridley of S&P Global. Their conversation explores credit-rating agencies and the municipal bond market. They discuss the role of rating agencies in assessing the ability of issuers to repay debt, the importance of credi...

In this episode, Kathy and Liz Ann discuss the likelihood for interest rate cuts in March versus May, Q4 corporate earnings season, credit market health, and the strong demand for investment-grade corporate bonds.  Liz Ann gives her review of corporate earnings season—and what to look for in the coming week. Kathy analyzes the status of the Fed's tightening schedule and provides an overview of the...

In this episode, Kathy and Liz Ann dive into a review of Fed policy, including the new developments with the Fed's balance sheet. In addition to likely cutting rates later this year, the Fed is preparing to slow down the pace of quantitative tightening. They also discuss inflation expectations and the impact of geopolitical risks on inflation.  The conversation then shifts to the importance of man...

In this episode, Schwab's Chief Fixed Income Strategist Kathy Jones interviews former Fed economist Claudia Sahm. And Schwab's Chief Investment Strategist Liz Ann Sonders discusses the December jobs report with Kevin Gordon. Liz Ann and Kevin look at the differences between the numbers in the household survey and the establishment survey—and how this data will affect the fight against inflation, a...

In this episode, Kathy Jones and Liz Ann Sonders discuss their outlooks for 2024 in light of recent events and share what investors should be watching for in the next few weeks.  Liz Ann also interviews Keith McCullough, founder and CEO of Hedgeye Risk Management. Keith explains the evolution of hedge funds and how he views the changing investment landscape. He emphasizes the importance of transpa...

This week, the Federal Reserve left its benchmark interest rate unchanged in the 5.25% to 5.5% range but signaled 75 basis points in rate cuts coming in 2024. While co-host Liz Ann Sonders is out sick this week, Kathy gives her perspective and then brings in a guest to provide context and background on this unique economic cycle. Kathy Jones interviews economist Dr. Julia Coronado, president and f...

After a tumultuous year for the markets, what's in store for 2024? In this year-end episode, Schwab experts look ahead to consider what investors might expect from the markets in the new year. First, Liz Ann Sonders, Schwab's chief investment strategist, speaks with senior investment strategist Kevin Gordon. Liz Ann offers her perspective on the  direction of the U.S. economy and stock market . Sh...

After a market rally in November, what can we expect in December? In this episode, Kathy Jones and Liz Ann Sonders recap the week of Thanksgiving and discuss revisions to the Q3 GDP numbers. They also look toward the week ahead and the economic indicators they are watching.  Kathy Jones interviews economist Jens Nordvig, founder of Exante Data and MarketReader . They discuss the trajectory for inf...

In this episode, Kathy Jones and Liz Ann Sonders look back on the week's CPI data and look ahead to what indicators they are both watching next week. For her focus on equities and the economy, Liz Ann Sonders interviews Nancy Lazar, chief global economist at Piper Sandler, where she leads the economics research team. Before joining Piper Sandler, she co-founded Cornerstone Macro, Wall Street's pre...

In this episode of On Investing , hosts Liz Ann Sonders and Kathy Jones welcome Mike Townsend to the show. Mike is Schwab's managing director of legislative and regulatory affairs in Washington D.C. He is also the host of Schwab's  WashingtonWise podcast, which explores the intersection between policy, politics, the markets, and the economy. He shares his thoughts on the 2024 election cycle, the l...

In this episode of On Investing , hosts Liz Ann Sonders and Kathy Jones recap the previous week and dig into a list of frequently asked questions from investors. They cover questions such as "What's the next move for the Fed?" and "Is a recession coming or not?" among others. Kathy and Liz Ann also give an update on what they are keeping an eye on next week in the markets. Liz Ann Sonders is Schwa...

In the first episode of Schwab's new podcast, On Investing , hosts Liz Ann Sonders and Kathy Jones introduce each other and explain what matters to them as they analyze the equity and bond markets. They also discuss the current market cycle and what the broader picture might tell us.  Liz Ann Sonders is Schwab's chief investment strategist. She's regularly quoted in financial publications includin...

Each week On Investing hosts Liz Ann Sonders, Schwab's chief investment strategist, and Kathy Jones, Schwab's chief fixed income strategist, analyze the financial headlines and bring context to all the conversations around equities, fixed income, the economy, and more. Join Kathy, Liz Ann, and their guests, as they share insights on what's moving the markets and why, as well as the indicators they...