Founder & Chairman, Schonfeld Strategic Advisors
Search every verified Steven Schonfeld interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In a January 2024 interview, Steven Schoenfeld, CEO of MarketVector Indexes, identified tensions in the Red Sea as the most significant market-moving risk for investors, noting that shipping companies were hesitating to enter the area and that Iran had deployed an additional warship there. He stated that the immediate effect of the situation was a rise in natural gas and oil prices, which had previously been on a downtrend. Schoenfeld also said that since the 2022 Russian invasion of Ukraine, there had been a "dramatic move" in defense stocks, which he described as an "actionable" investment area. Regarding Japan, Schoenfeld predicted that the country's stock market would reach all-time highs, surpassing its 1989 bubble peak, despite a recent earthquake and tsunami. He attributed this outlook to long-term corporate governance reforms and the liberalization of individual savings accounts, which he said would have a "strong positive influence" on the market. He also noted that foreign investors were likely to follow Warren Buffett's example of increasing stakes in Japanese trading companies.
“The tension in the Red Sea, which could spread to the Indian Ocean, is the most market-moving aside from other major headlines.”
“You see trade patterns and a number of ships are hesitating going into the Red Sea and considering going around the Horn of Africa.”
“They have built a coalition to protect ships, but the shipping companies are not comfortable about it.”
“Iran has brought another warship into the Red Sea.”
“There is a possibility of strikes from the Houthis toward shipping and from the U.S.-led coalition, which was bolstered by Britain over the weekend, on the targets.”
“The immediate effect today is with natural gas and oil prices — they were on a downtrend, and they popped up.”
“Certainly we have seen, between Ukraine and the Israel-Hamas war and now tensions in the Red Sea, movement in the defense stocks which I could discuss.”
“Since spring of 2022, since the initial invasion of Russia of Ukraine, there's been a dramatic move of stocks — that's certainly an actionable way.”
“I said we will have all-time highs, meaning surpassing the 1989 bubble top, despite the tsunami and runway issues a few hours ago.”
“There are a number of initiatives — long term with corporate governance and shorter term with the liberalization of individual savings accounts — that is going to have a strong positive influence on the market.”
Steven Schoenfeld, CEO of MarketVector Indexes, discusses the global hotspots with the greatest market and economic impact in 2024.
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