{"podcast":{"title":"Behind the Markets Podcast","slug":"behind-the-markets-podcast-5498346","podcast_index_feed_id":5498346,"rss_url":"https://feeds.soundcloud.com/users/soundcloud:users:182494289/sounds.rss","website_url":"https://businessradio.wharton.upenn.edu/programs/behind-the-markets","image_url":"https://i1.sndcdn.com/avatars-TnaiTB9pFCXRy3y4-vLSScw-original.jpg","author":"Behind the Markets","episode_count":500,"summary":"Jeremy Schwartz, Global Chief Investment Officer …","last_synced_at":"2026-07-04T04:20:18.019995+00:00","page_url":"https://stenobird.com/podcast/behind-the-markets-podcast-5498346"},"episode":{"title":"Cracks, Chips, and Market Shifts","slug":"cracks-chips-and-market-shifts","published_at":"2026-07-03T16:00:56+00:00","page_url":"https://stenobird.com/podcast/behind-the-markets-podcast-5498346/cracks-chips-and-market-shifts","show_page_url":"https://stenobird.com/podcast/behind-the-markets-podcast-5498346","url":"https://soundcloud.com/user-20931378/cracks-chips-and-market-shifts","audio_url":"https://feeds.soundcloud.com/stream/2352149012-user-20931378-cracks-chips-and-market-shifts.mp3","summary":"Show from 2026-07-02 Host Jeremy Schwartz and Professor Siegel discuss the latest jobs report, noting downward payroll revisions, an unusually sharp decline in labor force participation, and why broader labor market data still points to a steady economy rather than a significant slowdown. Professor Siegel also explains why lower oil prices and easing commodity inflation could keep the Fed on hold for the rest of the year while highlighting the increased volatility between value and growth stocks driven by AI-related trading. (14:52) Jeremy is joined by Blake Hyman, Sam Rines and Jeff Weniger to discuss the latest developments across AI infrastructure, semiconductor spending, Meta’s new compute capacity initiative and OpenAI’s delayed IPO. The group also examines geopolitical developments affecting energy markets, AI adoption and employment trends, opportunities in Japan, recent market rotations, and the investment implications of AI across technology, healthcare and other sectors. They close with a discussion on the new Trump Accounts program and its potential long-term retirement planning benefits. WisdomTree: https://www.wisdomtree.com/investments","meta_description":"Show from 2026-07-02 Host Jeremy Schwartz and Professor Siegel discuss the latest jobs report, noting downward payroll revisions, an unusually sharp decli…","key_points":[],"chapters":[],"topics":[],"duration_seconds":3063,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/behind-the-markets-podcast-5498346/episodes/cracks-chips-and-market-shifts/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/behind-the-markets-podcast-5498346/cracks-chips-and-market-shifts.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}