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Talking Markets with Franklin Templeton

Franklin Templeton
US Economy
U.S. Economy
Federal Reserve
Clearbridge Investments
Labor Market
Inflation
Clearbridge Recession Risk Dashboard
Tariffs
Global Investment Management Survey
S&P 500
Recession Risk Dashboard
Consumer Confidence
Recession
Artificial Intelligence
Recession Risk
U.S. Equities
Retail Sales
Municipal Bonds
Wage Growth
Economic Indicators

Global perspectives and local insights from our investment teams. © 2023 Franklin Templeton www.franklintempletonglobal.com/franklintempletonglobal/legal-info

PublishesTwice monthlyEpisodes141Founded9 years ago
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Latest Episodes

Jeff Schulze of ClearBridge Investments joins host John Przygocki to discuss US economic resilience amid Middle East energy disruptions. With 11 of 12 of his Recession Risk Dashboard indicators now green, Schulze highlights a strong labor market, dur... more

Jeff Schulze of ClearBridge Investments joins host John Przygocki to assess the health of the US economy. He points to a resilient Q1 GDP reading, strong jobs data and earnings growth in estimating a 30% recession probability. He cites the Jevons par... more

In this episode of Talking Markets, Franklin Templeton Institute's Chris Galipeau and Royce's Frank Gannon examine the current opportunity in small cap equities. Against a resilient US economic backdrop, they highlight the recent outperformance of sm... more

Jeff Schulze of ClearBridge Investments joins host John Przygocki to assess recession risks, energy price shocks, market volatility, and investor concerns from AI and labor trends to private credit and market concentration. Schulze also explains why ... more

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Recent Guests

Jeffrey Schulze
Head of Economic and Market Strategy at ClearBridge Investments; architect of the Anatomy of a Recession program
ClearBridge Investments
Episode: Anatomy of a Recession Update: Jevons paradox predicts no AI "job apocalypse"
Brian Freiwald
Portfolio manager of Putnam's emerging market equity strategies
Putnam Investments
Episode: The opportunity in emerging markets today
Rick Polsinello
Senior Market Strategist, Franklin Templeton Institute
Franklin Templeton
Episode: The Opportunity in Municipal Bonds in 2026
Matt Moberg
Senior Vice President and Portfolio Manager with the Franklin Equity Group
Franklin Templeton
Episode: Colossal Tech: How AI capex is shaping the economy
Ben Barber
Head of Municipal Bonds at Franklin Templeton Fixed Income
Franklin Templeton
Episode: Markets, myths and milestones—30 years in muni bonds
Jonathan Curtis
Chief Investment Officer of the Franklin Equity Group with over 30 years of experience in technology and investing.
Franklin Templeton
Episode: Are investors underestimating AI?
Jeff Schulze
Head of Economic and Market Strategy at ClearBridge Investments
ClearBridge Investments
Episode: Anatomy of a Recession Update: Tariffs still in play

Hosts

John Chigotsky
Host affiliated with Franklin Templeton Global Marketing Organization; frequently appears discussing market strategy and portfolio themes.
Jeff Schulze
Head of Economic and Market Strategy with clearBridge Investments; appears as a primary macro and recession analysis guest.

Reviews

4.3 out of 5 stars from 56 ratings
  • Audio quality low

    High quality info, but poor quality audio. Sounds like speakers are under water.

    Apple Podcasts
    4
    TerryTXNM
    United States6 years ago
  • Snappy insights

    Interesting market insights from senior leaders in bite sized podcasts. Keep up the good work!

    Apple Podcasts
    5
    RichWilloughby
    United Kingdom6 years ago
  • Excellent content

    I recently came across this podcast and listened to the latest episode with the analysis on Europe, global cycle and EMs and it was fantastic. I will be a regular listener

    Apple Podcasts
    5
    Derivatives Trader
    United States8 years ago
  • Disclaimer destroys value

    First podcast I had to cancel due to length of disclaimer at end of each episode. Apparently the most aggressive advise from attorneys compared to industry standard.

    Apple Podcasts
    1
    sbay123
    United States8 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Disclaimers at the end can be lengthy and affect listening time.
Audio quality is sometimes inconsistent, but the information is high quality.
Listeners praise concise, senior-leadership insights in bite-sized episodes.

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Talking Points

Recent interactions between the hosts and their guests.

Anatomy of a Recession Update: Jevons paradox predicts no AI "job apocalypse"
Q: What were your key takeaways from the April payroll release?
The data show the economy remains on a solid trajectory with back-to-back positive payroll gains, signs of broader labor breadth, and private payroll growth accelerating; this supports a constructive view on the labor market and suggests resilience despite mixed headlines.
Anatomy of a Recession Update: Conflict, volatility and opportunity
Q: Can you tell us a little more about the research on what happens to a company's performance pre and post becoming one of the largest names in the S&P 500?
Historically, companies entering the top 10 have outperformed the benchmark on the way in, but tend to underperform over the next decade once they reach top 10 status, emphasizing the nimbleness required for active managers to navigate concentration and changing fundamentals.
Anatomy of a Recession Update: Conflict, volatility and opportunity
Q: Jeff, we are clearly experiencing some substantial volatility in capital markets. Historically, has it been worth it to invest in US equities when we experience this type of volatility and a corresponding pullback in equities due to geopolitical unrest of this magnitude?
Historically it has paid to buy geopolitical dips, with many conflicts showing that equities can recover in the 1- to 6-month horizon, though outcomes vary with broader economic conditions; the context is that inflation, unemployment, and overall macro backdrop tend to influence results more than the geopolitical shocks alone.
The opportunity in emerging markets today
Q: Why should investors today consider allocating to emerging market equities?
EM offers a combination of faster earnings growth, improving margins, and supportive valuations; EM earnings are recovering from a low base and are expected to outpace US earnings over the next couple of years, supported by faster EPS growth and relatively attractive dividend yields, making EM a potentially superior risk-adjusted choice across cycles.
The Opportunity in Municipal Bonds in 2026
Q: From your vantage point leading the muni bond business, can you share your outlook for municipal bonds in 2026 and how you see the opportunity
Ben outlines an opportunity-rich muni market driven by a steepening yield curve, continued allocation into tax-exempt munis versus taxable alternatives, and the importance of open-end funds, ETFs, and SMA formats to capture different investor needs

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Frequently Asked Questions About Talking Markets

What is Talking Markets about and what kind of topics does it cover?

The show centers on macro and market dynamics through conversations with senior investment professionals and portfolio managers. Topics span recession risk, macro indicators, AI-driven productivity, EM and DM equity themes, and fixed income themes like municipal bonds, often framed around dashboards, data releases, and policy signals. Across episodes, listeners get practical takeaways on positioning, risk management, and active management amid shifts in rate expectations, inflation, and geopolitical influences. A standout thread is the blend of macroeconomics with on-the-ground investment discipline, plus frequent commentary on AI-capex and its broader economic implications, making it a likely fit for financial professionals seeking both co... more

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Talking Markets launched 9 years ago and published 141 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Talking Markets?

Recent guests on Talking Markets include:

1. Jeffrey Schulze
2. Brian Freiwald
3. Rick Polsinello
4. Matt Moberg
5. Ben Barber
6. Jonathan Curtis
7. Jeff Schulze

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