Show from 08/15/25
Host Jeremy Schwartz and Professor Siegel unpacked a busy week of economic news, starting with an analysis of the CPI and PPI data. The Professor highlighted how headline inflation may appear elevated due to one-off components like portfolio management fees but emphasized that key metrics feeding into the Fed’s preferred PCE deflator remained tame. He also reiterated his longstanding view that the Fed should not react to tariff-induced inflation and spotlighted next week's Jackson Hole speech from Jerome Powell as a pivotal moment for monetary policy. (12:17 ) Jeremy continued the show with Sam Rines and the Wisdom Tree team, exploring the implications of the Trump-Putin summit, the enduring global defense spending cycle, and the long-term impact of defense innovation on technology. They analyzed inflation indicators, alternative shelter metrics, and sector reactions, including defense, AI, housing, and chipmakers. The conversation closed with reflections on earning season surprises, small-cap sensitivity to Fed policy, and geopolitical dynamics shaping tech and energy infrastructure.

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