Episode
The EBB and Flow: An Equity Bond Barbell Outlook for '26
- Podcast
- Behind the Markets Podcast
- Published
- Dec 19, 2025
- Duration seconds
- 4966
- Processing state
not_requested
Actions
POST https://stenobird.com/v1/public/podcasts/behind-the-markets-podcast-5498346/episodes/the-ebb-and-flow-an-equity-bond-barbell-outlook-for-26/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/behind-the-markets-podcast-5498346/the-ebb-and-flow-an-equity-bond-barbell-outlook-for-26.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
Show from 12/19/25 Host Jeremy Schwartz and Professor Siegel discuss the final CPI report of the year and the broader inflation outlook. The Prof notes that shelter components are finally weighing on inflation, and expects a continued downward trend into 2026. He sees room for the Fed to cut rates if the economy weakens, and believes markets are well-positioned heading into the new year. (09:03) Jeremy continues with guest Andreas Kern, founder of Wikifolio, to explore how German retail investors are positioning for 2026. Andreas shares data on shifting equity allocations, including a strong tilt toward industrials, basic materials, and value strategies. The conversation covers defense spending, AI narratives, Tesla, underrepresentation of equities in German portfolios, and sentiment around crypto and gold. Jeremy and the panel also weigh in on market rotation, yield curves, and long-term inflation expectations, offering a global perspective on evolving market themes. Wikifolio: https://www.wikifolio.com/en/int/home Andreas Kern: https://www.linkedin.com/in/andreas-kern-905214/?originalSubdomain=at For more information on the index Jim Bianco discussed: https://www.biancoadvisors.com/index-updates/ WisdomTree: https://www.wisdomtree.com/investments