Investors / stance tracking
What Jeremy Schwartz is saying
Global CIO, WisdomTree
8 dated public stances tracked since 2024-08-27, most recently 2024-10-05. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Jeremy Schwartz's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Jeremy Schwartz is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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8
tracked stances
7
themes
0
side flips
2024-10-05
last heard
Returns 90d +2.1% (n=7) · 180d +3.2% (n=7) · 1y +7.2% (n=7)
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances.
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| Long Dur Treasuries | 2 | 2 bearish | 2024-10-05 | |
| Commodities Broad | 1 | 1 bullish | 2024-10-01 | |
| International Dev | 1 | 1 bullish | 2024-10-01 | |
| OIL | 1 | 1 bullish | 2024-10-01 | |
| SMALL CAPS | 1 | 1 bullish | 2024-10-01 | |
| SPX | 1 | 1 bullish | 2024-08-27 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2024-10-05
Long Dur Treasuries
bearish
Wealthion · video
Neither party is focused on the deficit so persistent government borrowing will keep the true neutral rate above 4%, making long bonds at 3.75% yields unattractive
“do you really want to chase the long Bond at 375”
90d +7.0% · 180d +1.1% · 1y +2.4%
Weekly Recap: Recession? • Solvency Crisis • China Stimulus • Bull Market
2024-10-01
Long Dur Treasuries
bearish
Wealthion · video
The 10-year yield should re-price into the 4–5% range as recession risk fades and the yield curve normalizes to a positive slope, making chasing the long bond at current levels unattractive
“do you really want to chase the long bond at 375…we think that should be over 4%”
90d +9.9% · 180d +6.0% · 1y +5.3%
Will The China Stimulus & Fed Cuts Be Enough? | Jeremy Schwartz
2024-10-01
OIL
bullish
Wealthion · video
Oil serves as a portfolio hedge against geopolitical risk and would be a direct beneficiary if China's stimulus succeeds in meaningfully reviving consumption and demand
“I like oil from a portfolio diversification standpoint…one of the risk to the global market”
90d +3.8% · 180d +7.2% · 1y +1.4%
Will The China Stimulus & Fed Cuts Be Enough? | Jeremy Schwartz
2024-10-01
USTS
bullish
Wealthion · video
Short-duration bonds hedge portfolio against the scenario where inflation re-accelerates and forces the Fed to stay restrictive, while also paying competitive yields during the yield-curve normalization period
“short duration bonds have some value from if the Fed has to stay too high because inflation comes back”
90d -4.8% · 180d -1.3% · 1y +2.1%
Will The China Stimulus & Fed Cuts Be Enough? | Jeremy Schwartz
2024-10-01
SMALL CAPS
bullish
Wealthion · video
Small caps are trading at a rare discount to large caps despite historically commanding a premium, and falling rates directly reduce their floating-rate borrowing costs, setting up an earnings recovery from a depressed base
“small caps are definitely attractive…usually those were at a premium to the large caps now they're at a discount”
Will The China Stimulus & Fed Cuts Be Enough? | Jeremy Schwartz
2024-10-01
International Dev
bullish
Wealthion · video
Many global markets trade at 10–13x earnings versus elevated US multiples, offering structurally higher forward real returns without requiring strong earnings growth to justify the multiple
“you're getting 10 12 13 PE ratios for many of these markets which is much higher potential forward looking returns”
90d -7.1% · 180d -1.9% · 1y +18.3%
Will The China Stimulus & Fed Cuts Be Enough? | Jeremy Schwartz
2024-10-01
Commodities Broad
bullish
Wealthion · video
Broad commodities offer a portfolio hedge against the twin risks of inflation re-emergence and geopolitical escalation, and few other asset classes can meaningfully hedge those specific tail risks
“not many things can really hedge you from some of those key risks”
90d -1.1% · 180d +4.6% · 1y +4.6%
Will The China Stimulus & Fed Cuts Be Enough? | Jeremy Schwartz
2024-08-27
SPX
bullish
Forward Guidance · video
US stocks trade at ~20x earnings (5% earnings yield), carry a ~3% equity premium over TIPS, and function as real assets whose earnings and dividends grow with inflation, supporting 7-8% long-run nominal returns that structurally crush bonds
“stocks are real assets...best long-term inflation hedge...stocks just crush bonds”
90d +6.7% · 180d +7.0% · 1y +16.6%
Markets Will Get A Deficit President No Matter What | Jim Bianco & Jeremy Schwartz
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