# Long-Term Bull, But Short-Term Cautious

Page: https://stenobird.com/podcast/behind-the-markets-podcast-5498346/long-term-bull-but-short-term-cautious
Text version: https://stenobird.com/podcast/behind-the-markets-podcast-5498346/long-term-bull-but-short-term-cautious.md
Podcast: [Behind the Markets Podcast](https://stenobird.com/podcast/behind-the-markets-podcast-5498346)
Published: 2026-04-03T20:29:05+00:00
Episode link: https://soundcloud.com/user-20931378/long-term-bull-but-short-term
Audio file: https://feeds.soundcloud.com/stream/2296137299-user-20931378-long-term-bull-but-short-term.mp3
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JSON: https://stenobird.com/v1/public/podcasts/behind-the-markets-podcast-5498346/episodes/long-term-bull-but-short-term-cautious
Duration seconds: 2682

## Resource

Show from 04/03/26 Host Jeremy Schwartz and Professor Siegel discuss a surprisingly strong jobs report, the impact of rising geopolitical tensions and oil prices on the economic outlook, and the recent acceleration in money supply and its implications for Fed policy. Professor Siegel notes that while the labor market remains firm and long-term optimism persists, increased uncertainty from war and inflation risks warrants more short-term caution. (11:42) Jeremy continues with Chris Gannatti and Jeff Weniger to cover the potential SpaceX IPO and its implications for index inclusion and market structure, along with broader themes around companies staying private longer and the challenges that creates for public market investors. They also explore valuation trends in equities, shifting earnings expectations, and the evolving impact of AI—particularly in areas like drug discovery—while debating reporting standards and long-term innovation trends. WisdomTree: https://www.wisdomtree.com/investments

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## Transcript

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