Trading Justice 329: Jack Schwager

In this episode, we welcome Jack Schwager to the podcast for a discussion on trading, writing and the current state of the markets.  He studied economics from Brooklyn College and Brown University receiving an MA and BA in those fields in the early ’70s then moving into the Futures markets as a researcher which led to his first publication in 1984 ‘The Complete Guide to the Futures Market’.

Mr. Schwager is most famous for his writing and publishing of The New Market Wizards series with the first of the series coming out in 1989 where he interviews some of the greatest traders in the world.    He’s written extensively regarding trading futures, hedge funds and conducted interviews of the great trader’s through his books.  Matt talks to Jack about some of the characteristics of the markets in the ’80s when he first published the book versus today in 2019.  Listen in to hear from one of the greats in our industry and a very knowledgeable trader and author. 

It is great to hear Matt interview Jack and learn from his experience and wisdom.  We know you guys are going to love this one.

After that, the boys discuss the broad markets during the Market Skyline.  Stocks are near all-time highs, Jerome Powell is on the hill this week to answer questions from Congress and we’re heading into earnings season.  Get our analysis during this popular segment.  Finally, we play the dirty dozen prediction game where Mark asks Matt and Tim to make simple binary predictions across different topics like where stocks will end in 2019, oil, gold and bitcoin as well as some fun topics.

2:10 Jack Schwager Interview

1:15:20 Market Skyline

1:39:40 Dirty Dozen Predictions