On Investing
From market moves to the latest economic news, On Investing looks below the surface of the headline data to bring you fresh insights on what's happening and why—and what the implications are for your portfolio.
Markets and Economy
Recent Questions From Investors
Liz Ann Sonders and Kathy Jones answer recent questions from investors, covering topics such as tariffs, bond yields, the Federal Reserve, and more.
Markets and Economy
The State of Housing Markets
Ivy Zelman and Liz Ann Sonders discuss the challenges in the housing market—and find a few reasons to be optimistic.
Markets and Economy
Do Tariffs Change Outlook?
Liz Ann Sonders speaks with Phil Mackintosh, chief economist at Nasdaq, about the labor force, the impact of AI, and valuations.
Markets and Economy
China Enters the AI Chat
Louis-Vincent Gave of Gavekal Research joins Liz Ann Sonders for a discussion on what was so unique about 2024—and China's role in the AI industry.
Markets and Economy
Navigating Tariffs & Inflation
Kathy Jones speaks with Dr. Richard Clarida, PIMCO's global economic advisor and former vice chairman of the Board of Governors of the Federal Reserve.
Markets and Economy
Fundamental Indexing Explained
Liz Ann Sonders interviews Rob Arnott, founder of Research Affiliates, about how fundamental indexing works.
Markets and Economy
Markets React to New Admin
Kathy Jones and Liz Ann Sonders discuss the policy proposals and legislation most likely to affect the markets in the coming weeks.
Markets and Economy
Climate Shocks & Muni Bonds
Cooper Howard and Kathy Jones look at how climate events, like the fires in Los Angeles, could impact the municipal bond market.
Markets and Economy
The Resilient Economy
Liz Ann Sonders and Kathy Jones examine why the economy continues to show resilience despite higher interest rates and inflation concerns.
Markets and Economy
2025 Outlook: Fixed Income
As we approach 2025, what can investors expect from muni bonds, investment-grade corporate bonds, and the fixed income markets in the new year?
Markets and Economy
2025 Outlook: U.S. & Global
As we approach 2025, what can investors expect from U.S. stocks and the global markets in the new year?
Markets and Economy
How Do You Build a Bond Portfolio?
Kathy Jones and Cooper Howard discuss how to build a bond portfolio, which bonds are suitable for retirees, and other aspects of fixed income investing.
Markets and Economy
Uncertainty Around Future Policy
Uncertainty around future economic policies could translate to wait-and-see mode for many business leaders, the markets, and the Fed.
Markets and Economy
Post-Election Market Dynamics
Liz Ann Sonders and Kathy Jones discuss the market reactions following the election, focusing on both the equity and bond markets.
Markets and Economy
Lessons From the Past Year
After a year of podcast episodes, Liz Ann Sonders and Kathy Jones review some memorable moments and reflect on what's changed in this unique cycle.
Markets and Economy
Bond Market Volatility
Kathy Jones and Collin Martin give an overview of recent developments in the bond markets. They cover corporate credit spreads, issuance, preferred securities, TIPS, and more.
Markets and Economy
Trends in Credit Analysis
Carol Spain explains how a team of researchers evaluate different corporate bonds and make decisions in the fixed income markets.
Markets and Economy
Market Pros & Cons
Liz Ann Sonders and Paul Hickey of Bespoke Investment Group discuss the pros and cons in the current market environment.
Markets and Economy
Lessons from Past Fed Cycles
Kathy Jones and Liz Ann Sonders examine the current rate-cutting environment in the context of previous economic cycles.
Markets and Economy
Employment Indicators to Watch
Liz Ann Sonders interviews Doug Ramsey of the Leuthold Group about the state of the economy and the markets.
Markets and Economy
After the Rate Cut
Kathy Jones and Liz Ann Sonders analyze the market's reaction to the Fed's 50 bps rate cut.
Markets and Economy
Before the Rate Cut
Now that the yield curve has uninverted, what can we expect from the markets as we approach next week's Fed meeting?
Markets and Economy
Focus on Labor
Liz Ann Sonders and Kathy Jones explain why different employment metrics are vital to understanding the health of the economy.
Markets and Economy
The Fed at Jackson Hole
Liz Ann Sonders and Kathy Jones discuss the Federal Reserve’s annual conference at Jackson Hole and the annual payrolls benchmark revision.
Markets and Economy
Volatility & Fixed Income
Kathy Jones interviews Matt Hastings about the challenges of managing fixed income portfolios.
Markets and Economy
A Unique Economic Cycle
Liz Ann Sonders interviews the legendary Ed Hyman about the current economic cycle and its unique characteristics.
Markets and Economy
Investment Rules to Live By
Liz Ann Sonders interviews market veteran Ned Davis about his overall strategy and the importance of understanding market psychology.
Markets and Economy
The Path to Sustainable Growth
Kathy Jones interviews economist Joe Brusuelas from RSM about the pace of growth in the economy and what keeps him up at night.
Markets and Economy
Midyear Outlook: The Fed & Economy
Kathy Jones and Liz Ann Sonders discuss the broader macroeconomic outlook and potential central bank policy for the second half of the year.
Markets and Economy
Midyear Outlook: Stocks, Global & D.C.
What can investors expect from the U.S. stock market, the global markets, and the policy landscape in D.C. in the second half of 2024?
Markets and Economy
Midyear Fixed Income Outlook
Collin Martin and Cooper Howard take a look at the state of the corporate bond and muni bond markets halfway through the year.
Markets and Economy
Active Patience
Liz Ann Sonders interviews Mellody Hobson, Co-CEO and President of Ariel Investments, about her views on investing and the business world.
Markets and Economy
Money Market Funds Explained
Kathy Jones and guests examine the history of money market funds and their attractiveness in the current interest rate environment.
Markets and Economy
Scott Galloway on the Definition of "Rich"
Professor Scott Galloway shares his ideas on wealth and the emotional and motivational aspects of money.
Markets and Economy
A Conversation With Chuck Schwab
Chuck Schwab discusses the role of innovation in the markets and why he is optimistic about the future.
Markets and Economy
The Fed's Message: Patience
Kathy Jones and Liz Ann Sonders discuss this week's Fed meeting and the implications for investors.
Markets and Economy
Asset Allocation Like the Pros
Liz Ann Sonders interviews Sebastien Page, chief investment officer at T. Rowe Price, about asset allocation and the state of the markets.
Markets and Economy
Sector Views & Corporate Bonds
Kathy Jones and Collin Martin analyze the attractiveness of corporate bond yields, and Liz Ann Sonders interviews Kevin Gordon about sector performance.
Markets and Economy
The Fed's Inflation Target
Kathy Jones interviews economist David Beckworth about the potential role of nominal GDP as an alternate target for the Fed.
Markets and Economy
The Role of a Financial Journalist
Wall Street Journal reporter Dion Rabouin discusses his process for analyzing what's happening in the markets.
Markets and Economy
The Wall of Worry
Dr. Ed Yardeni sits down with Liz Ann to discuss the current economic cycle and the challenges ahead in the markets this year.
Markets and Economy
Fed Leaves Rates Unchanged
Liz Ann Sonders and Kathy Jones analyze the latest signals from the Fed.
Markets and Economy
Stock Sector Outlook
Kevin Gordon discusses Schwab's analysis of the 11 sectors that make up the S&P 500.
Markets and Economy
Trends in Retail
Matthew Shay, CEO of the National Retail Federation, breaks down the state of the retail market in the U.S.
Markets and Economy
Analyzing Corporate Bonds
Kathy Jones and Collin Martin speak with Winnie Cisar of CreditSights about how corporate bonds are rated and analyzed.
Markets and Economy
Corporate Real Estate Market
Liz Ann Sonders interviews Kayne Anderson CEO Al Rabil about the state of the corporate real estate market.
Markets and Economy
What Matters in Real Estate
Liz Ann Sonders discusses the state of the real estate market with famed agents Dolly Lenz and Jenny Lenz.
Markets and Economy
Rating Muni Bonds
Kathy Jones and Cooper Howard interview Jane Ridley from S&P Global about how municipal bonds are rated.
Markets and Economy
Earnings Season & Corporate Bonds
How have Q4 corporate earnings fared so far, and what's behind the strong demand for investment-grade corporate bonds?
Markets and Economy
Fed Policy & Managing Risk
Liz Ann Sonders and Kathy Jones analyze new developments in the Fed's balance sheet and debate the role of risk in portfolio construction.
Markets and Economy
The Sahm Rule & the Economy
Former Fed economist Claudia Sahm discusses the December jobs report and the potential for rate cuts this year.
Markets and Economy
Soft Landing or Recession Coming?
Liz Ann Sonders and Kathy Jones recalibrate some of their 2024 forecasts, and Liz Ann interviews Hedgeye CEO Keith McCullough.
Markets and Economy
The Fed Holds Steady
Kathy Jones discusses the Fed's latest decision and interviews former Fed economist Dr. Julia Coronado.
Markets and Economy
2024 Market Outlook
As we approach 2024, what can investors expect from the markets in the new year?
Markets and Economy
The Likelihood of De-Dollarization
Kathy Jones interviews Jens Nordvig about the current rate cycle—as well as talk of "de-dollarization"—while Liz Ann Sonders probes the GDP revision and looks ahead to a busy week of economic data.
Markets and Economy
Are We Headed for a Recession?
Liz Ann Sonders interviews Nancy Lazar about the state of the economy, and Kathy Jones and Collin Martin discuss investment-grade bonds.
Markets and Economy
The View from Washington D.C.
Kathy Jones and Liz Ann Sonders discuss issues in Washington with Mike Townsend—and provide their weekly market outlook.
Markets and Economy
Frequently Asked Questions
Kathy Jones and Liz Ann Sonders answer some of the most common questions from investors—and provide their weekly market outlook.
Markets and Economy
Our Philosophy & What Matters
Kathy Jones and Liz Ann Sonders explain their investing philosophies and how they analyze market data.