The Bear Market No One Sees | Liz Ann Sonders on the Real Story Indexes Hide
About this episode
Liz Ann Sonders discusses the hidden bear market and the factors reshaping the investing landscape.
Liz Ann Sonders of Schwab joins Excess Returns to break down how war, an oil shock, and shifting market dynamics are reshaping the investing landscape. She explains why the surface-level strength in markets is misleading, what’s really happening beneath the index, and how investors should think about inflation, the Fed, AI, and the evolving role of retail traders. Follow Liz Ann on Twitter https://twitter.com/LizAnnSonders Liz Ann's Research and Commentary https://www.schwab.com/learn/author/liz-ann-sonders Topics Covered How war and oil shocks are impacting markets, inflation, and Fed policy Why the US being a “net energy exporter” doesn’t protect investors The hidden bear market beneath index-level resilience Rotation vs. correction and what it means for portfolios The rise of retail traders and the shift away from “dumb money” Why better or worse data matters more than good or bad data The K-shaped economy and its impact on consumption and markets AI’s three phases and its real impact on jobs and productivity Why this earnings season may be more important than usual The shifting role of the Mag 7 and broader market participation Why the bond market may be the true driver of…
People in this episode
Host: Excess Returns
Guest: Liz Ann Sonders
Topics covered
- impact of war on markets
- oil shocks
- inflation and Fed policy
- retail traders
- K-shaped economy
- bond market dynamics
Mentioned in this episode
Organizations: Schwab
Products: AI
Places: US
More episodes of Excess Returns
- Feeling Safe Is the Risk | Chris Davis on Finding Durable Companies in a Disrupted World
- Buy High, Sell Higher | Travis Prentice on Dispersion, Passive's Structural Risk and Why 52 Week Highs Don't Mean What You Think
- The Secular Plateau | Chris Bloomstran on Why We May Be at Peak Valuations
- We Asked David Rosenberg Why He Owns Almost No US Stocks — and What He Holds Instead
- The Resilience No One Trusts | Brent Donnelly on Why War and Oil Haven’t Broken This Market
- The Forever Invariable Truth | Jim Grant on War, Inflation, and What Comes Next
Explore listener stats, chart rankings, contacts and more on the Excess Returns podcast page.