On Investing

Why Investor Positioning Matters More Than Ever (With Eric Liu)

This week’s episode explores the growing tension between resilient economic growth, cooling inflation data, and rising interest rates. Liz Ann Sonders and Collin Martin d

What Record Highs Might Be Hiding

This episode focuses on what rising interest rates are really signaling, why stock market strength may be masking weakness beneath the surface, and how investors should t

What's Behind the Fed's Rate Hike?

Liz Ann Sonders and Collin Martin analyze the Federal Reserve’s latest rate hike. They unpack why the Fed acted now, arguing that inflation remains too persistent despite

The Housing Market's Demographic Reckoning (With Ivy Zelman)

In this episode, Liz Ann Sonders reflects on four decades on Wall Street, sharing timeless investing lessons that remain relevant in today’s market environment. Drawing o

Warsh's Hawkish Turn: What It May Mean for Investors

Fed Chair Kevin Warsh's Jackson Hole speech struck a more hawkish tone than investors expected, increasing the likelihood of another rate hike as the Fed remains focused

The Bond Market Strikes Back

This episode of On Investing looks at a market environment increasingly shaped by persistent inflation, rising long-term Treasury yields, fiscal concerns, and renewed tra

Has the Fed Accepted 3% Inflation? (With Jim Bullard)

In this episode of On Investing, Liz Ann Sonders and Collin Martin examine the recent surge in global bond yields and what it means for investors. Collin explains that lo

The Economy's Curious Balancing Act (With Dr. Richard Clarida)

Liz Ann Sonders and Collin Martin begin this episode by analyzing the powerful role earnings are playing in driving the U.S. stock market higher and what that means for i

Why Good Economic News Isn't Always Good for Markets

With Liz Ann Sonders away, Collin Martin is joined by Schwab Head of Macro Research and Strategy Kevin Gordon for an in-depth conversation on the economy, Federal Reserve

AI Concentration & the Case for Rebalancing

This week, Liz Ann Sonders and Collin Martin discuss one of the market's biggest themes, AI, and why the enormous capex spending on AI reinforces the importance of portfo

A Sigh of Relief on Inflation

A better-than-expected June Consumer Price Index (CPI) report offered some welcome relief for investors concerned about persistent inflation pressures. But while the head

Welcome to the Next Temperamental Era

In this episode, Liz Ann Sonders and Collin Martin discuss what may be one of the most important long-term shifts facing investors: the end of the "Great Moderation" Era,

What Happens After Peak Inflation? (With Keith McCullough)

In this episode, Liz Ann Sonders sits down with Keith McCullough, founder of Hedgeye, to revisit his “quads” framework—a model that categorizes market environments based

Reading the Markets After Fed Chair Warsh’s Debut

At his first Fed meeting as chair, Kevin Warsh signaled a more hawkish stance focused squarely on inflation, while launching a sweeping reform agenda.  Policymakers are

Midyear Outlook for Equities & Fixed Income

In this episode, Collin Martin and Liz Ann Sonders focus on the outlook for equities, fixed income, and the overall U.S. economy in the second half of 2026. They begin by

IPOs in Focus as the Fed Holds the Line

Liz Ann Sonders and Collin Martin discuss the recent wave of IPO hype and the surge in investor interest driven by high-profile listings and large valuation headlines. Th

Higher for Longer: Markets Navigate a New Era of Uncertainty (With Joe Brusuelas)

Markets may be entering a fundamentally different era. In this episode, Liz Ann Sonders and Collin Martin explore why long-term bond yields remain elevated, how rising un

Rising Yields Highlight Muni Opportunities

In this episode, Liz Ann Sonders and Collin Martin explore how rising Treasury yields and persistent inflation pressures are reshaping the relationship between stocks and

Why Markets Are Shrugging Off Sticky Inflation

Liz Ann Sonders and Collin Martin discuss hotter-than-expected inflation data, with volatile energy prices playing a central role. Because the Fed can’t directly influenc

Concentration Risk Meets Diversification Reality

Liz Ann Sonders and Collin Martin examine the market backdrop shaped by the Middle East conflict, noting that while oil price volatility has influenced inflation expectat