On Investing
Episodes
How Macro Forces Shape Credit Markets (With Winnie Cisar)
01 May 2026
Contributed by Lukas
The Federal Reserve faces a pivotal moment: the transition from Jerome Powell as Fed chair to Kevin Warsh, with Powell opting to remain at the Fed as ...
Debt, Deficits & the Fed’s Next Move
24 Apr 2026
Contributed by Lukas
In this episode, Schwab’s Chief Investment Strategist Liz Ann Sonders and Head of Fixed Income Research and Strategy Collin Martin reflect on the qu...
Why Corporate Earnings Matter for Stocks, Bonds & the Fed
17 Apr 2026
Contributed by Lukas
Earnings season kicks off with a mixed but generally constructive signal for markets, as Liz Ann Sonders and Collin Martin examine what corporate prof...
Inside Today’s Labor Market: What Jobs Data & AI Are Really Telling Us (With Nela Richardson)
10 Apr 2026
Contributed by Lukas
In this episode, Liz Ann Sonders and Collin Martin discuss recent market volatility, highlighting a sharp equity rally following news of a temporary c...
What the Iran Conflict Could Mean for Stocks, Bonds & Inflation
03 Apr 2026
Contributed by Lukas
In this episode, Liz Ann Sonders and Collin Martin focus on the market and economic ripple effects stemming from the war in Iran—particularly throug...
Empowering the Next Generation Through Financial Education (With Jim Clark)
27 Mar 2026
Contributed by Lukas
In this episode, Liz Ann Sonders and Collin Martin discuss the state of heightened market volatility driven by geopolitical risk in Iran. Elevated oil...
Inflation, Oil, and Uncertainty: Reading the Market’s Mixed Signals
20 Mar 2026
Contributed by Lukas
In this episode, Liz Ann Sonders welcomes Collin Martin as her new co‑host. Collin outlines his role as Schwab’s head of fixed income research and...
A Career in Investing: Kathy Jones' Parting Thoughts on the Markets
06 Mar 2026
Contributed by Lukas
This episode marks Kathy Jones' farewell as co-host of On Investing. Collin Martin, Schwab's head of fixed income research, takes over as co-host star...
The Fed’s Balancing Act for 2026 (With Claudia Sahm)
27 Feb 2026
Contributed by Lukas
In this episode, Kathy Jones announces that she will be retiring soon and that Collin Martin, Schwab’s Head of Fixed Income Research, will take over...
Mixed Signals & Moving Targets
20 Feb 2026
Contributed by Lukas
What's the state of the economy now? How much of the latest GDP growth is driven by capex? In this episode, Liz Ann Sonders and Kathy Jones discuss th...
Jobs Data, Fed Patience, & AI’s Next Market Shock
13 Feb 2026
Contributed by Lukas
In this episode, Liz Ann Sonders and Kathy Jones cover the latest jobs report and downward revisions to previous data. They also look at the employmen...
Breadth Is Back: What’s Powering Markets Beneath the Surface (With Dennis DeBusschere)
06 Feb 2026
Contributed by Lukas
In this episode, Liz Ann Sonders and Kathy Jones discuss the market’s reaction to Kevin Warsh’s nomination for Fed Chair, the potential rationale ...
Lessons Learned From Market Wizards (With Jack Schwager)
30 Jan 2026
Contributed by Lukas
First, Liz Ann Sonders and Kathy Jones discuss the current state of the markets, focusing on the recent Federal Reserve meeting, the reaction of the b...
A Week of Whiplash: What’s Behind the Market’s Mood Swings?
23 Jan 2026
Contributed by Lukas
In this conversation, Liz Ann Sonders and Kathy Jones discuss the current state of the markets, focusing on the implications of tariffs, global econom...
The Latest Threat to Fed Independence
16 Jan 2026
Contributed by Lukas
This week, Liz Ann Sonders and Kathy Jones discuss the current state of the Federal Reserve, the bond and equity markets, the challenges facing the ho...
The Markets React to Venezuela
09 Jan 2026
Contributed by Lukas
In this episode, Liz Ann Sonders and Kathy Jones discuss the current state of the markets, focusing on the impact of global events, particularly milit...
Closing Thoughts on a Year of Uncertainty
19 Dec 2025
Contributed by Lukas
In this final episode of 2025, Liz Ann Sonders and Kathy Jones reflect on a year marked by uncertainty and volatility in the markets. They discuss the...
2026 Market Outlook: U.S. Economy, Equities & Fixed Income
12 Dec 2025
Contributed by Lukas
What should investors expect from the U.S. economy next year? What will happen in the equities markets and fixed income markets? On this 2026 Market O...
Implications of a New Fed Chair Nominee
05 Dec 2025
Contributed by Lukas
This week Liz Ann Sonders and Kathy Jones discuss the implications of a possible announcement of the next Federal Reserve chair nominee and market rea...
The Confidence Map: Navigating Investor Sentiment (With Peter Atwater)
21 Nov 2025
Contributed by Lukas
In this episode, Kathy Jones and Liz Ann Sonders discuss the latest stock market rotations and the Federal Reserve's evolving stance on interest rates...
After the Shutdown: Markets, Policy & the Wall of Worry
14 Nov 2025
Contributed by Lukas
In this episode, Kathy Jones and Liz Ann Sonders discuss some recent investor' questions involving credit risks, government debt, and the potential fo...
Making Sense of the Economy in a Data Desert
07 Nov 2025
Contributed by Lukas
In lieu of data from the Bureau of Labor Statistics, Liz Ann Sonders and Kathy Jones discuss the latest jobs report from ADP. Liz Ann addresses some r...
The Fed’s Balance Sheet Takes Center Stage (With David Beckworth)
31 Oct 2025
Contributed by Lukas
Liz Ann Sonders and Kathy Jones discuss this week’s Federal Open Market Committee (FOMC) meeting and the latest interest rate cut. They also analyze...
What’s Causing Jitters in the Credit Markets?
24 Oct 2025
Contributed by Lukas
This week, Collin Martin sits in for Liz Ann Sonders. Kathy Jones and Collin discuss the upcoming Consumer Price Index (CPI) report and the Federal Re...
The Role of the Fed in a Shifting Economy (With Pat Harker)
17 Oct 2025
Contributed by Lukas
This week, Kevin Gordon fills in for Kathy Jones. Liz Ann Sonders and Kevin discuss the recent NABE conference and the current state of the markets in...
Government Shutdown Drives Reliance on Other Data
10 Oct 2025
Contributed by Lukas
This week, Liz Ann Sonders and Kathy Jones discuss the implications of the ongoing government shutdown and the impact on key economic indicators and m...
Surveying the Corporate Credit Landscape (With Joel Levington)
03 Oct 2025
Contributed by Lukas
In this episode, Liz Ann Sonders and Kathy Jones begin by discussing the implications of the government shutdown on employment data and the Federal Re...
Global Central Banks Face Uncertain Policy (With Robin Brooks)
26 Sep 2025
Contributed by Lukas
Kathy Jones and Liz Ann Sonders look at the state of the markets a week after the quarter-point Fed rate cut. They also discuss the implications of th...
Weaker Labor Markets Drive a Rate Cut (With Freya Beamish)
19 Sep 2025
Contributed by Lukas
Kathy Jones and Liz Ann Sonders analyze the market reactions to this week's quarter-point Fed rate cut. They also look at the implications of the lowe...
Where Do Public & Private Markets Converge? (With Steven Meier)
12 Sep 2025
Contributed by Lukas
This week, Liz Ann Sonders and Kathy Jones discuss the recent downward revision in job market statistics, the implications for the economy, and the li...
The Housing Market Remains Out of Sync
05 Sep 2025
Contributed by Lukas
In this conversation, Kathy Jones and Liz Ann Sonders discuss the current state of the housing market, the implications of potential Fed policy change...
Rate Cut Coming? Sectors to Watch
29 Aug 2025
Contributed by Lukas
This week, Liz Ann Sonders and Kathy Jones discuss the implications of political pressure on the Federal Reserve, particularly regarding the administr...
What's Happening in the Muni Bond Market?
22 Aug 2025
Contributed by Lukas
Liz Ann Sonders and Kathy Jones discuss the implications of the Federal Reserve's annual Jackson Hole meeting, focusing on monetary policy, labor mark...
Inflation Edges Up: Analyzing the Fed's Next Move
15 Aug 2025
Contributed by Lukas
In this episode, Kathy Jones and Liz Ann Sonders dive into the latest economic data and its implications for the Federal Reserve's policy decisions. T...
What Is the End Game for Tariffs?
01 Aug 2025
Contributed by Lukas
This week, Kevin Gordon fills in for Liz Ann Sonders while she is on vacation. Kevin and Kathy Jones discuss the current state of the markets, focusin...
Trends in the Credit Markets
25 Jul 2025
Contributed by Lukas
On this week's episode, Kathy Jones and Liz Ann Sonders discuss equity earnings season, continuing tariff uncertainty, and the fate of embattled Fed C...
Parsing the Latest Inflation Numbers
18 Jul 2025
Contributed by Lukas
In this week's episode, Kathy and Liz Ann discuss the June inflation data, its implications for the market, and the Federal Reserve's policy decisions...
Debt, Deficits & One Big Beautiful Bill
11 Jul 2025
Contributed by Lukas
On this week's episode, Kathy Jones and Liz Ann Sonders discuss the bond market reaction to the new August 1 tariff deadlines—and what that means fo...
The Markets Shrug at Geopolitics, for Now
27 Jun 2025
Contributed by Lukas
On this week's episode, Kathy Jones and Liz Ann Sonders discuss the current state of the markets amid geopolitical tensions in the Middle East and the...
‘Muddiness’ & Uncertainty in the Markets (With Cameron Dawson)
13 Jun 2025
Contributed by Lukas
Kathy Jones and Liz Ann Sonders discuss recent unemployment data, the upcoming Fed meeting, and the performance of the Magnificent 7 stocks. Then, Li...
How Will Tariffs & Debt Affect the Economy?
06 Jun 2025
Contributed by Lukas
In this week’s episode, Kathy Jones and Liz Ann Sonders discuss the current state of tariffs and the ongoing trade war, the implications of budget b...
Why Does Sentiment Not Match Hard Data?
30 May 2025
Contributed by Lukas
In this episode, Liz Ann Sonders and Kathy Jones discuss the current state of the bond market, the influence of central banks, and the impact of polic...
Navigating the 'Funky' Market Environment (With Helene Meisler)
23 May 2025
Contributed by Lukas
Kathy Jones and Liz Ann Sonders discuss recent market moves potentially related to Washington budget negotiations and an increasing focus on debt and ...
Why Are Munis Attractive Right Now?
16 May 2025
Contributed by Lukas
Kathy Jones and Liz Ann Sonders discuss the pause on some tariffs and the impact on the equities market. Then, Kathy interviews Cooper Howard about th...
Should the Fed Focus on Inflation or Unemployment?
09 May 2025
Contributed by Lukas
Kathy Jones and Collin Martin discuss the recent Federal Reserve meeting, the implications of their decisions on interest rates, and the current econo...
Is Confidence Eroding in U.S. Investability? (With Dario Perkins)
02 May 2025
Contributed by Lukas
In this conversation, Liz Ann Sonders interviews Dario Perkins of TS Lombard. They discuss the growing international skepticism towards U.S. policy, t...
The State of Rates and the Bond Market During Uncertainty
25 Apr 2025
Contributed by Lukas
Volatility and uncertain economic outlooks continue to dominate the macroeconomic landscape. In this episode, Liz Ann Sonders and Kathy Jones consider...
Weathering Market Volatility: Can Dividends Help?
18 Apr 2025
Contributed by Lukas
In this episode, Liz Ann Sonders and Kathy Jones begin by discussing the current state of the markets, focusing on volatility, investor confidence, an...
Making Sense of Recent Market Volatility
09 Apr 2025
Contributed by Lukas
In this episode, Kathy Jones and Liz Ann Sonders discuss the current state of the markets, focusing on the volatility in both the equity and bond mark...
Trends in the Labor Market & More Tariffs (With Nela Richardson)
04 Apr 2025
Contributed by Lukas
In this episode, Kathy Jones and Liz Ann Sonders discuss the latest round of tariffs issued by the Trump administration—and how they might impact th...
Avoiding Unforced Errors in Investing (With Barry Ritholtz)
28 Mar 2025
Contributed by Lukas
In this conversation, Liz Ann Sonders interviews Barry Ritholtz. He's the co-founder, chairman, and chief investment officer of Ritholtz Wealth Mana...
Considering the Risk of Stagflation & Uncertainty
21 Mar 2025
Contributed by Lukas
In this episode, Liz Ann Sonders and Kathy Jones discuss the recent FOMC meeting, focusing on the implications of the economic projections, the potent...
Is Recession on the Horizon?
14 Mar 2025
Contributed by Lukas
In this episode, Liz Ann Sonders and Kathy Jones discuss the current sentiment in the market, contrasting consumer sentiment with investor sentiment a...
Recent Questions From Investors
07 Mar 2025
Contributed by Lukas
In this episode, Kathy Jones and Liz Ann Sonders review some of the recent questions they have received from investors. Their questions and answers fo...
Headwinds & Tailwinds in the Housing Market (With Ivy Zelman)
28 Feb 2025
Contributed by Lukas
Kathy Jones and Liz Ann Sonders discuss the recent drawdown in markets and debate whether this is a growth scare or something more lasting in the bond...
Do Tariffs Change the Economic Outlook? (With Phil Mackintosh)
21 Feb 2025
Contributed by Lukas
In this episode, Kathy Jones and Liz Ann Sonders start out by discussing the latest developments in economic policy and tariffs. They also cover the l...
China Enters the AI Chat (With Louis-Vincent Gave)
14 Feb 2025
Contributed by Lukas
In today's episode, Liz Ann Sonders speaks with Louis-Vincent Gave, CEO of Gavekal Research. Louis discusses the unique market dynamics of the past ye...
Navigating Tariffs & Inflation (With Dr. Richard Clarida)
07 Feb 2025
Contributed by Lukas
In this episode, Kathy Jones interviews Dr. Richard Clarida, PIMCO's global economic advisor and former vice Chairman of the Board of Governors of th...
Beyond Market Cap: Fundamental Indexing Explained (With Rob Arnott)
31 Jan 2025
Contributed by Lukas
In this episode, Liz Ann Sonders and Kathy Jones discuss this week’s FOMC meeting and the market reactions. Then, Liz Ann speaks with Rob Arnott, f...
Markets React to a New Administration
24 Jan 2025
Contributed by Lukas
In this episode, Liz Ann Sonders and Kathy Jones discuss the intersection of market analysis and political developments, particularly focusing on the ...
Climate Shocks & the Muni Bond Market
17 Jan 2025
Contributed by Lukas
In this conversation, Kathy Jones and Cooper Howard discuss the impact of climate shocks, particularly wildfires in Los Angeles, on the municipal bond...
Does the Resilient Economy Equal a Higher Potential Growth Rate?
10 Jan 2025
Contributed by Lukas
In the first episode of 2025, Liz Ann Sonders, Schwab's chief investment strategist, and Kathy Jones, Schwab's chief fixed income strategist, discuss ...
2025 Market Outlook: Fixed Income
20 Dec 2024
Contributed by Lukas
After you listenRead Cooper Howard's 2025 Municipal Bond Outlook.Read Collin Martin's 2025 Corporate Bond Outlook.Read Kathy Jones's 2025 Treasury B...
2025 Market Outlook: U.S. Stocks & Economy & Global Markets
13 Dec 2024
Contributed by Lukas
After another year of the bull market, what's in store for stocks in 2025? In this year-end episode, Schwab experts look ahead to consider what invest...
How Do You Build a Bond Portfolio?
06 Dec 2024
Contributed by Lukas
In this conversation, Kathy Jones talks with Cooper Howard, who is an expert on the topic of municipal bonds. They delve into the intricacies of bond ...
Uncertainty Around Future Policy
22 Nov 2024
Contributed by Lukas
In this week's episode, Liz Ann Sonders, Schwab's chief investment strategist, and Kathy Jones, Schwab's chief fixed income strategist, discuss the cu...
(BONUS) From WashingtonWise: Balancing Campaign Promises With Economic Realities
15 Nov 2024
Contributed by Lukas
In this special bonus episode from WashingtonWise, host Mike Townsend takes an in-depth look at the key policy debates that are coming in 2025 and the...
Navigating Post-Election Market Dynamics
08 Nov 2024
Contributed by Lukas
In this week's episode, Liz Ann Sonders, Schwab's Chief Investment Strategist, and Kathy Jones, Schwab's Chief Fixed Income Strategist, discuss the im...
Our First Podcast Anniversary: Lessons From the Past Year
01 Nov 2024
Contributed by Lukas
In this episode marking the one-year anniversary of the podcast, Liz Ann and Kathy discuss the significant market events and trends they've noted over...
Understanding Recent Volatility in the Bond Market
25 Oct 2024
Contributed by Lukas
In this episode, Kathy Jones and Liz Ann Sonders discuss several of the latest economic indicators, focusing on inflation, employment, and the housing...
What Does a Credit Analyst Do?
18 Oct 2024
Contributed by Lukas
In this episode, Kathy Jones and Liz Ann Sonders discuss the current state of the bond market and the bull market in equities. They explore the volati...
Current Pros & Cons in the Market (With Paul Hickey)
11 Oct 2024
Contributed by Lukas
How can the stock market be a hedge against inflation? What are some pros and cons of the current market environment?In this conversation, Kathy Jones...
Making Sense of the Current Economic Cycle
04 Oct 2024
Contributed by Lukas
In this episode, Liz Ann and Kathy discuss the unique characteristics of the current economic cycle, emphasizing its differences from historical cycle...
Under-the-Surface Employment Indicators to Watch (With Doug Ramsey)
27 Sep 2024
Contributed by Lukas
In this episode, Kathy and Liz Ann open by discussing the implications of the recent rate cut by the Federal Reserve, focusing on the labor market and...
What the Fed Rate Cut Means (With Claudia Sahm)
20 Sep 2024
Contributed by Lukas
With the Federal Reserve cutting rates by 50 basis points at its September meeting, what are the implications for the bond market and the economy? In ...
Before the Rate Cut, Our View of the Markets
13 Sep 2024
Contributed by Lukas
In this episode, Kathy and Liz Ann follow up on the release of last week's unemployment numbers and the reaction of the stock market to the jobs repor...
Focus on Labor: The History & Importance of Employment Data
06 Sep 2024
Contributed by Lukas
Why are payroll numbers reported as "nonfarm" jobs? What other jobs are excluded from the unemployment rate? Why is "hours worked" an important recess...
The Fed at Jackson Hole & Revised Employment Data
23 Aug 2024
Contributed by Lukas
In this conversation, Kathy and Liz Ann discuss quotes and sayings from industry legends that have resonated with them over the years. You can read Li...
Recent Market Volatility & the Role of Fixed Income
16 Aug 2024
Contributed by Lukas
Kathy and Liz Ann catch up on recent market volatility, the Fed's next move, and changes in the economic data. There is some debate about whether the ...
Uncertainty or Optimism: A Unique Economic Cycle (With Ed Hyman)
26 Jul 2024
Contributed by Lukas
Kathy and Liz Ann discuss recent events in the market, including fluctuations in the equity market, a global tech outage, and the potential for rate c...
Good News on Inflation & Investment Rules to Live By (With Ned Davis)
12 Jul 2024
Contributed by Lukas
Inflation fell in June, and Kathy and Liz Ann discuss the potential implications for the Fed. The markets continue to anxiously await the first rate c...
Potential Rate Cuts and the Path to Sustainable Growth (With Joe Brusuelas)
05 Jul 2024
Contributed by Lukas
Kathy and Liz Ann discuss this week's expectations around the upcoming jobs report and its influence on the Fed. Their discussion highlights the impor...
Midyear Outlook: The Fed & the U.S. Economy
28 Jun 2024
Contributed by Lukas
Inflation is coming down and is close to the Fed's target rate, which sets up the potential for rate cuts by the Fed. At the same time, the economy ha...
Midyear Outlook: Equities, International & Washington
14 Jun 2024
Contributed by Lukas
All eyes were on the Fed in the first half of 2024, but with core PCE holding steady and no rate cuts, how did the other parts of the economy and the ...
Midyear Outlook: Corporate Bonds and Muni Bonds
07 Jun 2024
Contributed by Lukas
In this episode, Kathy interviews her colleagues Collin Martin and Cooper Howard about the team's midyear fixed income outlook, with a theme of lookin...
Active Patience: What It's Like to Run an Investment Firm (with Mellody Hobson)
31 May 2024
Contributed by Lukas
In this episode, Liz Ann Sonders sits down with Ariel Investments co-CEO Mellody Hobson. They discuss Mellody's early career at Ariel, her co-CEO rela...
How Are Money Market Funds Managed?
24 May 2024
Contributed by Lukas
In this episode, Kathy interviews Linda Klingman and Lynn Paschen about money market funds. They discuss the structure and types of money market funds...
The Power of Compounding & the Definition of "Rich" (With Scott Galloway)
17 May 2024
Contributed by Lukas
In this episode, Liz Ann Sonders and Kathy Jones discuss the latest CPI data and the impact for investors. Then, Liz Ann interviews NYU Professor Scot...
How Innovation Drives Growth: A Conversation With Chuck Schwab
10 May 2024
Contributed by Lukas
In this episode, Liz Ann Sonders sits down with Chuck Schwab, founder of Charles Schwab & Co. They discuss how the company was founded, Chuck's decisi...
The Fed's Message: Patience and No Change in Interest Rate Policy
03 May 2024
Contributed by Lukas
In this episode, Liz Ann Sonders and Kathy Jones analyze this week's FOMC meeting and its impact on the economy and financial markets. The Fed's messa...
What You Need to Know About Asset Allocation (With Sébastien Page)
26 Apr 2024
Contributed by Lukas
In this episode, Liz Ann Sonders and Kathy Jones analyze the state of the markets and discuss the current expectations around the Fed's potential rate...
What's New in Stock Sectors & Corporate Bonds?
19 Apr 2024
Contributed by Lukas
In this episode, Liz Ann Sonders and Kathy Jones analyze the state of the markets and discuss the current expectations around the Fed's potential rate...
With Stubborn Inflation, What Should the Fed's Target Be? (With David Beckworth)
12 Apr 2024
Contributed by Lukas
In this episode, Liz Ann Sonders and Kathy Jones analyze the March 2024 CPI data and its impact on the bond markets and Fed policy. CPI came in higher...
What's It Like to Be a Financial Journalist? (With Dion Rabouin)
05 Apr 2024
Contributed by Lukas
How do you find reliable information about the markets and the economy? It's one thing for individual investors to struggle with financial jargon and ...
Is the Market Still Climbing the Wall of Worry? (With Dr. Ed Yardeni)
29 Mar 2024
Contributed by Lukas
In this conversation, Liz Ann Sonders interviews Dr. Ed Yardeni, president of Yardeni Research. They discuss this unique economic cycle and the concep...
The Fed Leaves Rates Unchanged: Our Analysis
22 Mar 2024
Contributed by Lukas
In this episode, Liz Ann and Kathy discuss the results and implications of the latest Fed meeting. They also address election-related questions and th...
Sector Views: Our Stock Sector Outlook
08 Mar 2024
Contributed by Lukas
Liz Ann Sonders and Kevin Gordon discuss the evaluation of various sectors of the economy and the relaunch of Schwab Sector Views, which provides pers...
The State of the Post-Pandemic Retail Market (With Matthew Shay)
01 Mar 2024
Contributed by Lukas
In this conversation, Kathy and Liz Ann discuss the current state of market sentiment, underlying trends in the fixed income market and yield demand, ...
Understanding Corporate Bond Analysis (With Winnie Cisar)
23 Feb 2024
Contributed by Lukas
In this episode, Kathy Jones and Liz Ann Sonders discuss some of the latest questions they are hearing from investors.Corporate bonds have received ex...
What Matters in Corporate Real Estate (With Al Rabil)
16 Feb 2024
Contributed by Lukas
How did the latest inflation numbers affect the stock market and Treasury yields? In this episode, Kathy Jones and Liz Ann Sonders discuss why the CPI...