Rotation, Int'l Stocks, Defense-Tech, Japan, USD and the Gold Gap with Jeremy Schwartz and Jeff Weniger

About this episode

Jeremy Schwartz and Jeff Weniger discuss critical market trends for 2026, focusing on international stocks, defense technology, and the implications of the US dollar and gold gap.

While everyone is arguing about AI disrupting software stocks, WisdomTree's Jeremy Schwartz and Jeff Weniger quietly explain why the most important market story of 2026 has nothing to do with the SaaS selloff — and everything to do with where capital is actually moving. WisdomTree Global CIO Jeremy Schwartz and Head of Equity Strategy Jeff Weniger join Pierre Daillie and Mike Philbrick on Raise Your Average to cut through the noise of the AI disruption panic and make the case for a broader, more structural story unfolding in global markets. From the defense tech supercycle reshaping international equity allocations, to the gold gap most North American portfolios haven't fixed, to a contrarian call on the US dollar at a moment of record-extreme bearish positioning — this conversation covers the ideas that matter most for advisors and investors navigating 2026. Japan, small caps, monetary policy lag, and the behavioral biases keeping investors anchored to a 15-year-old playbook all come into the discussion. If you manage money for clients — or your own — this episode is essential listening.

People in this episode

Hosts: Pierre Daillie, Mike Philbrick

Guests: Jeremy Schwartz, Jeff Weniger

Topics covered

• international stocks
• defense technology
• US dollar
• gold gap
• market trends
• behavioral finance

Keywords

• AI disruption
• SaaS selloff
• equity allocations
• monetary policy
• investor behavior

Mentioned in this episode

Organizations: WisdomTree

Places: Japan, North America, United States

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