Global Thinking

In this episode of the Global Thinking Podcast, Rob Duncan is joined by Forstrong CEO and CIO, Tyler Mordy, to unpack a market that refuses to send a single, clear signal. Equity markets are strong, yet risks are building — a Split-Screen World where optimism and fragility coexist. Tyler provides some insight into the annual Forstrong Super Trends report, Double Vision. From recession risk and cracks in credit to AI's gap between investment and earnings. The conversation then shifts to the bigger forces shaping 2026: the rise of fiscal dominance, the return of the real economy, and the broadening of market leadership beyond the United States. They explore why international and emerging markets are gaining relevance, how AI's next phase is about productivity rather than hype, and why traditional safe havens no longer behave the way investors expect. The result is a clear-eyed discussion focused on where risk is being mispriced — and where opportunity may be quietly building for 2026. A must-listen for investors navigating markets that look healthy on the surface, but far more complex underneath. Listen hear or access the full report below.  Forstrong Super Trends 2026: Double Vision   Chapters 00:00 Introduction to Global Thinking Podcast 02:18 Understanding the Split Screen World 04:50 Risks in a K-Shaped Economy 08:15 The Shift from Monetary to Fiscal Policy 12:36 Global Rotation in Market Leadership 18:13 AI's Second Act: From Hype to Productivity 21:43 The Revenge of the Real Economy 25:41 Currency Cold War and Safe Haven Shakeup 30:17 Investment Strategies for 2026   Disclosures: https://forstrong.com/disclosures/    Global Thinking Podcast Series - https://forstrong.com/podcast/    Global Thinking Insights - https://forstrong.com/insights/    Who is Forstrong Global - https://forstrong.com/who-we-are/    Ask Forstrong - https://forstrong.com/category/ask-forstrong/    Invest With Us - https://forstrong.com/invest-with-us/     Thank for you listening, please considering leaving a review and subscribing for future episodes.   For any questions, comments or suggested topics please reach out to Rob Duncan, rduncan@forstrong.com

In this episode of the Global Thinking Podcast, host Rob Duncan sits down with Matthew Barasch, Senior Portfolio Manager at RBC Dominion Securities, for a candid, wide-ranging look at the realities of investing in today's market environment. Barasch calls this one of the toughest years of his 25-year career — a market defined by narrow leadership, stubborn inflation, and a handful of tech and gold names carrying the load while everything else fights to keep up.   But beneath the volatility, Barasch sees a shift taking shape. He argues the worst may be behind Canada, pointing to improving job data, a more pro-growth federal budget, and the long-term lift from the country's massive immigration wave. With potential growth now outpacing the U.S., Canada may be better positioned than investors think.   The conversation digs into the Bank of Canada's rate-cut trajectory, the pressure cooker inside the U.S. Federal Reserve, and the implications for housing, consumers, and credit markets. Barasch spotlights high-quality Canadian names being overlooked, and offers a clear-eyed take on the gold market — a volatile but increasingly relevant refuge in a world drowning in debt.   Smart, direct, and refreshingly honest, this episode cuts through the noise to show where Canadian investors can still find solid footing — and where caution remains essential.   Chapters: 00:03:00 - Guest Introduction: Matthew Barasch 00:06:00 - Canadian Economic Outlook 00:09:00 - Role of Canadian Energy and Materials 00:12:00 - US Large Cap and Tech Concentration 00:15:00 - Market Challenges and Opportunities 00:18:00 - Impact of AI on Investments 00:21:00 - Global Financials and Economic Climate 00:24:00 - Future of Interest Rates 00:27:00 - International Equities and Market Potential 00:30:00 - Client Concerns and Market Sentiment 00:33:00 - Investment Strategies and Risk Management 00:36:00 - The Role of Technology in Finance 00:39:00 - Global Market Trends and Predictions 00:42:00 - Closing Thoughts and Recommendations 00:45:00 - Book Recommendations and Personal Insights 00:48:00 - Final Remarks and Episode Wrap-Up 00:51:00 - Outro and Call to Action     Disclosures: https://forstrong.com/disclosures/    Global Thinking Podcast Series - https://forstrong.com/podcast/    Global Thinking Insights - https://forstrong.com/insights/    Who is Forstrong Global - https://forstrong.com/who-we-are/    Ask Forstrong - https://forstrong.com/category/ask-forstrong/    Invest With Us - https://forstrong.com/invest-with-us/     Thank for you listening, please considering leaving a review and subscribing for future episodes.   For any questions, comments or suggested topics please reach out to Rob Duncan, rduncan@forstrong.com  

In this episode of the Global Thinking Podcast Rob Duncan sits down with Lead Portfolio Manager, David Kletz, to explore the powerful shift in global market leadership that has defined the year. Since "Liberation Day," momentum has moved decisively toward International and Emerging Markets, with Europe and Asia driving much of the advance.   While U.S. equities have staged a recovery, they face mounting challenges — weakening dollar, government shutdowns, and a softening labor market. In contrast, International markets are showing renewed strength, supported by attractive valuations, capital inflows, and central banks that appear poised to maintain accommodative policies.   The discussion also highlights recent developments in Japan, where corporate reforms and currency dynamics are shaping investment opportunities, and the ASEAN summit, where U.S.–China engagement has helped ease trade tensions. Together, these global factors could lay the groundwork for a year-end "Santa Claus rally" and signal a more durable rotation toward global equities.   It's a timely, data-driven look at how government policy, geopolitics, and investor psychology are shifting the investment landscape — and where the next leg of leadership may emerge.   Chapters: 01:05 Introduction and Welcome 03:26 Investment Summary: A Tale of Two Years 05:20 Government Shut Down and Patchy Data 09:00 OpenAI Tour of Asia Powering Returns 10:01 ASEAN Summit Highlights 16:03 Interest Rate Cuts and Expectations 17:58 Why Japan is Setting New Record Highs 24:33 Investment Implications and Allocations 28:25 US Financials Outlook   Disclosures: https://forstrong.com/disclosures/    Global Thinking Podcast Series - https://forstrong.com/podcast/    Global Thinking Insights - https://forstrong.com/insights/    Who is Forstrong Global - https://forstrong.com/who-we-are/    Ask Forstrong - https://forstrong.com/category/ask-forstrong/    Invest With Us - https://forstrong.com/invest-with-us/     Thank for you listening, please considering leaving a review and subscribing for future episodes.   For any questions, comments or suggested topics please reach out to Rob Duncan, rduncan@forstrong.com    

Emerging Market equities are the year's top performer, with Canadian and International equities close behind — leaving U.S. stocks lagging. Will America stage a comeback, or are we entering a new era where global equities take center stage?   In this episode of the Global Thinking Podcast host, Rob Duncan, sits down with Forstrong's CEO/CIO, Tyler Mordy, to explore whether the bull market is wired for further growth or primed to blow a fuse. Tariffs, delayed AI profits, and stubborn interest rates loom as short-circuit risks. On the flip side, government spending, easing monetary policy, and market momentum are keeping the rally alive.   From Canada's economic challenges to gold fever, and from shifting investor behavior to the future of market leadership, this conversation sparks insights into what's powering investments and what could trip the switch next.     Chapters 00:00 Introduction to Global Thinking Podcast 00:52 Market Overview and Recent Trends 04:27 Analyzing the Bull Market and Potential Risks 20:51 Factors Supporting Continued Market Growth 28:42 The Impact of International Markets and Japan's Recovery 32:31 Canada's Economic Landscape and Sector Performance 37:17 Gold and Precious Metals: Current Trends and Future Outlook 43:50 Balancing Optimism with Caution in Investment Strategies   Disclosures: https://forstrong.com/disclosures/    Global Thinking Podcast Series - https://forstrong.com/podcast/    Global Thinking Insights - https://forstrong.com/insights/    Who is Forstrong Global - https://forstrong.com/who-we-are/    Ask Forstrong - https://forstrong.com/category/ask-forstrong/    Invest With Us - https://forstrong.com/invest-with-us/     Thank for you listening, please considering leaving a review and subscribing for future episodes.   For any questions, comments or suggested topics please reach out to Rob Duncan, rduncan@forstrong.com  

In this episode of the Global Thinking Podcast, host Rob Duncan sits down with Jamie McBride of Stewart & Kett to unpack the evolution of wealth management and the rise of Wealth 3.0.   Wealth 3.0 represents a shift beyond spreadsheets and tax strategies toward an approach that prioritizes family values, collaboration, and open conversations about legacy. Rob and Jamie explore why the "three generations myth" is often misunderstood, how advisors can move from dictating solutions to facilitating dialogue, and what it really takes to help families flourish across generations.   Listeners will come away with a fresh perspective on wealth: one where success is measured not just in financial returns, but in relationships, shared purpose, and resilience. With Jamie's real-world insights and practical steps, this episode shows how both families and advisors can embrace a more holistic, human-centered future for wealth advising.   Chapters 00:00 Introduction to Global Thinking Podcast 00:41 Wealth Management Evolution: From Traditional to Modern 03:21 Understanding Wealth 3.0: A Paradigm Shift 10:44 The Role of Advisors in Wealth 3.0 14:36 Challenges in Family Wealth Conversations 18:44 Measuring Success in Wealth Management 22:18 Practical Steps for Implementing Wealth 3.0 28:34 Final Thoughts and Book Recommendations   Book Recommendation: Sapiens by Yuval Harari   Disclosures: https://forstrong.com/disclosures/    Global Thinking Podcast Series - https://forstrong.com/podcast/    Global Thinking Insights - https://forstrong.com/insights/    Who is Forstrong Global - https://forstrong.com/who-we-are/    Ask Forstrong - https://forstrong.com/category/ask-forstrong/    Invest With Us - https://forstrong.com/invest-with-us/     Thank for you listening, please considering leaving a review and subscribing for future episodes.   For any questions, comments or suggested topics please reach out to Rob Duncan, rduncan@forstrong.com

Steve Bannon once described Donald Trump's media strategy as "flooding the zone" — overwhelming the airwaves with noise to confuse and distract. Recent months have offered a masterclass, leaving investors to sift through tariffs, trade wars, and endless headlines. In this mid-year edition of the Global Thinking Podcast, host Rob Duncan sits down with Forstrong CEO & CIO Tyler Mordy to cut through the noise. They unpack why tariffs haven't bitten markets harder, how a weakening US dollar is shifting capital flows, and what looming Fed rate cuts could mean for investors. With international equities strongly outpacing the US in the first half of 2025, Tyler makes the case for diversification in a world where the global cycle is finally broadening out.   Chapters 00:00 Introduction to Global Thinking Podcast 02:39 Mid-Year Market Review and Investor Mindset 05:53 The Impact of Tariffs and Trade Wars 10:48 International Markets vs. US Markets 18:10 China's Economic Landscape and Deflationary Forces 23:59 Trade Relations and Future Prospects 27:42 The Federal Reserve and Economic Predictions 30:28 Final Thoughts on Global Diversification   Disclosures: https://forstrong.com/disclosures/    Global Thinking Podcast Series - https://forstrong.com/podcast/    Global Thinking Insights - https://forstrong.com/insights/    Who is Forstrong Global - https://forstrong.com/who-we-are/    Ask Forstrong - https://forstrong.com/category/ask-forstrong/    Invest With Us - https://forstrong.com/invest-with-us/     Thank for you listening, please considering leaving a review and subscribing for future episodes. For any questions, comments or suggested topics please reach out to Rob Duncan, rduncan@forstrong.com  

In this episode of Global Thinking, Forstrong Portfolio Manager Rob Duncan sits down with friend of the firm, Chris McHaney, Executive Vice President and Head of Investment Management and Strategy at Global X Investments Canada Inc., for a wide-ranging conversation on where global capital is moving, and why. Many of the themes Chris is tracking - rising defense spending, a potential commodities supercycle, renewed interest in international markets like EAFE and India - align closely with Forstrong's own global investment roadmap. Both firms share a belief that in an increasingly fractured world, opportunity lies in regions and sectors that many investors are still underestimating. They also unpack the role of covered call ETFs in generating yield, and explore how fixed income is re-emerging as a strategic allocation. From inflation trends to interest rate dynamics and the strength of the U.S. dollar, this episode is rich with insight for globally minded investors. Topped off with a few summer reading picks and some contrarian takes, it's a fast-paced and practical conversation that reinforces Forstrong's commitment to thinking differently about where the world is headed next.   Chapters 00:00 Introduction to Global Thinking Podcast 01:21 Understanding GlobalX Investments and Chris's Role 06:31 Market Outlook and Investment Strategies 07:00 Navigating Market Volatility and Diversification 10:57 Global Investment Opportunities and Rebalancing 16:16 The Rise of Defense Spending as an Investment Theme 19:21 Interest Rates and Fixed Income Perspectives 23:32 Currency Trends and Hedging Strategies 26:38 Commodities and the Potential Supercycle 32:14 Trends in the ETF Industry and Flows 34:47 Exploring Covered Call ETF Strategies 51:01 Book Recommendations and Closing Thoughts   Book Recommendation: Thinking in Bets, Annie Duke   Disclosures: https://forstrong.com/disclosures/    Global Thinking Podcast Series - https://forstrong.com/podcast/    Global Thinking Insights - https://forstrong.com/insights/    Who is Forstrong Global - https://forstrong.com/who-we-are/    Ask Forstrong - https://forstrong.com/category/ask-forstrong/    Invest With Us - https://forstrong.com/invest-with-us/     Thank for you listening, please considering leaving a review and subscribing for future episodes. For any questions, comments or suggested topics please reach out to Rob Duncan, rduncan@forstrong.com  

In this episode of the Global Thinking Podcast, host Rob Duncan sits down with Forstrong Portfolio Manager, Terry Shaunessy, to unpack how investors are navigating a world where political theatrics, including Trump's tariff flip-flops, no longer move markets like they used to. They explore why the U.S. may need to consider a GST-style tax, why service-based economies could be the next big growth engine, and how market strategies need to adapt to volatility fatigue. The conversation also dives into the Canadian economic puzzle: a stable banking sector weighed down by real estate drag and stagnant productivity. Meanwhile, global markets are showing signs of normalization, and gold continues its quiet rally as a store of value. It's a wide-ranging, timely discussion that blends macro insight with practical takeaways, ideal for investors trying to keep their footing through the policy-induced whiplash of today's markets.   Chapters 00:00 Introduction to Global Thinking Podcast 01:06 Insights from Terry on Global Markets 02:19 The Impact of Tariffs and Trump's Policies 08:43 Market Reactions and Economic Signals 12:51 The Future of U.S. Markets and Economic Growth 20:06 Analyzing the Canadian Economy and Investment Opportunities 24:04 Final Thoughts on Economic Outlook and Gold Investment   Disclosures: https://forstrong.com/disclosures/    Global Thinking Podcast Series - https://forstrong.com/podcast/    Global Thinking Insights - https://forstrong.com/insights/    Who is Forstrong Global - https://forstrong.com/who-we-are/    Ask Forstrong - https://forstrong.com/category/ask-forstrong/    Invest With Us - https://forstrong.com/invest-with-us/   Thank for you listening, please considering leaving a review and subscribing for future episodes. For any questions, comments or suggested topics please reach out to Rob Duncan, rduncan@forstrong.com      

Global Thinking: Power Shifts, Trade Rifts, and Investment Lifts   In this no-holds-barred episode of the Global Thinking Podcast, host Rob Duncan sits down with AGF Investments CEO and CIO, Kevin McCreadie, to unpack the chaos, clarity, and contradictions shaping markets in 2025.   From political plot twists in Canada to the unpredictable theatre of Trump 2.0, they dive into how power moves and policy pivots are reshaping capital flows. Is U.S. exceptionalism running out of runway? Will Canada finally find its economic groove? And what does Europe's fiscal awakening and China's evolving role mean for global portfolios?   Kevin brings hard-earned insight on asset allocation in uncertain times, the growing appetite for alternatives, and why investors can't afford to ignore geopolitical risk anymore. They also touch on AI's rapid disruption and how smart advisors are getting ahead of the curve.   If you're looking for sugar-coated optimism, look elsewhere. But if you want the unfiltered take on where markets are headed and what it means for your money, this is the episode.       Chapters   (00:00) Introduction to Global Thinking Podcast (01:06) Kevin McCready's Role and Tenure at AGF Investments (03:20) Transformations in the Asset Management Industry (06:30) The Importance of Asset Allocation (08:07) Market Commentary: Understanding Current Trends (12:08) US Market Dynamics and Sector Performance (15:20) The Concept of US Exceptionalism (18:23) Political Landscape and Its Economic Implications (19:54) Interest Rates and Economic Strategies (24:04) The Trade War and Its Consequences (26:47) Canada's Political Shift and Economic Outlook (27:43) Navigating Political Landscapes and Economic Agendas (30:55) Canada's Global Standing and Trade Dynamics (34:36) Geopolitical Impacts on Europe and Defense Spending (38:04) Emerging Markets: Opportunities and Challenges (40:20) Investor Sentiment and Market Outlook (42:14) The Future of AI and Its Implications   Disclosures: https://forstrong.com/disclosures/    Global Thinking Podcast Series - https://forstrong.com/podcast/    Global Thinking Insights - https://forstrong.com/insights/    Who is Forstrong Global - https://forstrong.com/who-we-are/    Ask Forstrong - https://forstrong.com/category/ask-forstrong/    Invest With Us - https://forstrong.com/invest-with-us/     Books Mentioned: The Coming Wave…Mustafa Suleyman Nexus …Yuval Noah Harari AI 2024….Kai Fu-Lee   Thank for you listening, please considering leaving a review and subscribing for future episodes.   For any questions, comments or suggested topics please reach out to Rob Duncan, rduncan@forstrong.com  

In this episode of the Global Thinking podcast, host Rob Duncan sits down with Forstrong CEO and CIO, Tyler Mordy, to unpack a rowdy stretch in markets and politics. From Canada's recent election to Trump's tariff tantrums, the conversation dives into how economic confidence has taken a hit on both sides of the border. But while Canada seems to be finding it's way with new leadership and domestic competition; American markets wrestle with political uncertainty and slowing economic data. Capital is quietly on the move finding greener pastures in Europe and Asia.   With European fiscal stimulus acting as a catalyst, global sentiment is shifting quickly. Tyler makes the case for investors to roll up their sleeves, rebalance portfolios, and lean into global diversification. It's a timely conversation filled with sharp insights and a reminder that when markets get volatile it pays to maintain a global perspective.   Chapters 00:00 Introduction to Global Thinking Podcast (01:06) Canadian Politics and Election Outcomes (05:09) Macroeconomic Trends in Canada (12:37) US Market Dynamics and MAG-7 (20:15) International Economic Opportunities and Desynchronization (25:31) Economic Performance Overview (27:54) International Markets: A New Catalyst for Growth (30:42) Navigating Uncertainty: Investor Sentiment and Strategy (35:19) The Importance of Global Diversification (38:27) Personal Insights and Future Outlook   Disclosures: https://forstrong.com/disclosures/   Global Thinking Podcast Series - https://forstrong.com/podcast/   Global Thinking Insights - https://forstrong.com/insights/   Who is Forstrong Global - https://forstrong.com/who-we-are/   Ask Forstrong - https://forstrong.com/category/ask-forstrong/   Invest With Us - https://forstrong.com/invest-with-us/      For any questions, comments or suggestions please reach out to Rob Duncan, rduncan@forstrong.com 

In this episode of the Global Thinking Podcast Rob Duncan is joined by Forstrong CEO and CIO, Tyler Mordy, to unpack what may become one of the most studied financial panics of our time. With markets rattled by a sudden loss of confidence, they explore how erratic policy moves and recent tariff announcements have triggered a global risk-off sentiment and shaken investor faith in American capital markets.   Tyler explains why this isn't your typical market correction, but rather a policy-inflicted confidence shock that's exposing deep structural cracks. The conversation dives into the fading role of the U.S. dollar as a safe haven, the growing importance of global diversification, and why gold is back in fashion. Most importantly, they discuss what investors should be watching now: bond market stability, fiscal stimulus leadership, and emerging opportunities in unexpected places.   Whether you're navigating this storm or preparing for what's next, this episode is a timely reminder that having a strategy and knowing your signals is more critical than ever.   Chapters 00:00 Introduction to Global Thinking Podcast 01:06 Market Turmoil and Tariff Impacts 03:27 Understanding the Financial Panic 10:01 Signals to Watch in the Current Market 13:22 Investment Implications and Opportunities 16:10 Final Thoughts and Advice for Investors   Disclosures: https://forstrong.com/disclosures/  Global Thinking Podcast Series - https://forstrong.com/podcast/  Global Thinking Insights - https://forstrong.com/insights/  Who is Forstrong Global - https://forstrong.com/who-we-are/  Ask Forstrong - https://forstrong.com/category/ask-forstrong/  Invest With Us - https://forstrong.com/invest-with-us/ 

The majority of active managers underperform their benchmarks - but why?   In this episode of the Global Thinking Podcast Rob sits down with Dr. Joseph Nelesen, Head of Specialists, Index Investment Strategy at S&P Dow Jones Indices, to unpack the 2024 SPIVA Report—the definitive study comparing active fund managers to their benchmarks.   The discussion explores how most active managers have underperformed their benchmark, the critical role of survivorship bias, and the impact of fees and market conditions on long-term performance. Joe shares eye-opening statistics including how almost half of all funds over a 10 year period cease to exist and the fact that zero managers maintain their top quartile ranking over a five-year period.   Rob and Joe also dive into ETF investing, analyzing the trends shaping active management today and what investors should consider when building portfolios. Whether you're an investment professional or an individual investor, this conversation delivers valuable insights into the ongoing debate between active versus index strategies and how market efficiency may be impacting your investment decisions.   https://www.indexologyblog.com/2025/01/08/shifting-tides-concentration-dispersion-and-the-sp-500-risk-landscape/     Chapters   00:00 Introduction to Global Thinking Podcast 01:07 Meet Dr. Joseph Nelesen 05:53 Understanding the SPIVA Report 13:15 Key Findings from the 2024 Report Card 19:04 The Challenge of Persistence in Active Management 25:54 Trends in Active Management and ETF Usage 27:57 Exploring Fixed Income Strategies 30:41 The Dynamics of Equal Weighting in S&P 500 31:55 Active vs. Passive Investing: A Deep Dive 35:06 The Role of Fees in Investment Performance 38:27 Understanding Long-Term Underperformance Trends 39:36 Due Diligence in Selecting Active Managers 41:52 The Evolution of Market Efficiency 44:22 Personal Insights and Recommendations   Disclosures: https://forstrong.com/disclosures/  Global Thinking Podcast Series - https://forstrong.com/podcast/  Global Thinking Insights - https://forstrong.com/insights/  Who is Forstrong Global - https://forstrong.com/who-we-are/  Ask Forstrong - https://forstrong.com/category/ask-forstrong/  Invest With Us - https://forstrong.com/invest-with-us/         

In this episode of the Global Thinking Podcast Rob Duncan sits down with Forstrong's CEO & CIO, Tyler Mordy, to unpack the evolving market landscape and the unmistakable "vibe shift" happening in global markets. The once-unstoppable dominance of U.S. equities and the MAG 7 is showing signs of fatigue while broader global markets are stepping into the spotlight. Europe is showing signs of economic resurgence, emerging markets are gaining traction, and investors are finally remembering there are stocks outside of the S&P 500.   They also break down the latest economic headlines, including the impact of Trump 2.0 policies, which were supposed to fuel growth but seem to be running in the opposite direction faster than Zelensky leaving the White House. Inflation, interest rates, and shifting investment narratives all come into play, along with a fresh take on the Canadian economy's potential.   Is this the beginning of a new global investment era? Tune in for insights and a look at where smart money might be heading next.   Chapters 00:00 Introduction to Global Investing 01:08 Market Dynamics and the Trump Effect 07:38 The Shift from MAG-7 to Broader Markets 14:03 Europe's Economic Resurgence 21:37 Emerging Markets: A Turning Point 26:15 Interest Rates and Inflation Outlook 28:06 Inflation: The Central Concern 35:14 The Canadian Dollar and Global Trade 39:13 Exploring Wealth Beyond Finances 43:28 Closing Thoughts and Recommendations   The 5 Types of Wealth - https://www.the5typesofwealth.com/   Disclosures: https://forstrong.com/disclosures/ Global Thinking Podcast Series - https://forstrong.com/podcast/ Global Thinking Insights - https://forstrong.com/insights/ Who is Forstrong Global - https://forstrong.com/who-we-are/ Ask Forstrong - https://forstrong.com/category/ask-forstrong/ Invest With Us - https://forstrong.com/invest-with-us/  

In this episode of the Global Thinking podcast Rob sits down with Forstrong's Lead Portfolio Manager, David Kletz, to tackle two of the biggest forces shaping markets today: trade policy and technology. To start, they dive into the latest tariff turmoil, where Trump's abrupt policy flip-flop left markets scrambling. What does this unpredictability mean for global trade and investor confidence? David breaks down the broader economic uncertainty and how investors can position themselves amid shifting geopolitical tensions. To round it off the conversation turns to the tech sector, where DeepSeek rapid advancements sparked a major selloff in U.S. tech stocks raising questions about whether new leadership in artificial intelligence is emerging. Rob and David explore what this means for investors, sector rotations, and the future of innovation-driven market leadership.   Chapters 01:06 Market Reactions to AI Developments 03:11 Impact of Tariffs on Investment Strategies 06:52 Sector Analysis and Portfolio Protection 10:42 Opportunities in Global Markets 13:24 AI Developments and Market Implications 18:36 Interest Rates and Currency Volatility   Disclosures: https://forstrong.com/disclosures/ Global Thinking Podcast Series - https://forstrong.com/podcast/ Global Thinking Insights - https://forstrong.com/insights/ Who is Forstrong Global - https://forstrong.com/who-we-are/ Ask Forstrong - https://forstrong.com/category/ask-forstrong/ Invest With Us - https://forstrong.com/invest-with-us/ 

In this episode of the Global Thinking podcast, host Rob Duncan sits down with Adam Payne, President and Chief Compliance Officer of Kinsted Wealth, for a deep dive into the evolving world of alternative investments. With market uncertainty and traditional asset classes facing headwinds, alternatives have taken center stage—but how can investors truly access them? Rob and Adam explore the critical role of manager selection, due diligence, and industry trends shaping the space. From challenges in accessibility to Kinsted's vision for democratizing alternatives, this episode offers valuable insights for investors looking to expand their portfolios beyond the conventional. As alternative investments gain traction, understanding what truly defines them—and how they fit into a diversified portfolio—has never been more important. Adam shares why Kinsted Wealth has embraced this shift, emphasizing the need for strong manager selection and the hurdles of liquidity and accessibility that individual investors face. With growing interest in alternatives, education remains key for both investors and advisors looking to navigate this complex yet promising space.   Chapters: 01:07 Exploring Alternative Investments 05:43 Defining Alternative Investments 08:06 The Role of Alternatives in Portfolios 10:59 Manager Selection and Due Diligence 16:34 Access to Alternative Investments 20:24 Industry Trends in Alternatives 26:43 Lessons Learned and Challenges in Alternatives 31:34 Future Developments at Kinsted Wealth   Disclosures: https://forstrong.com/disclosures/  Global Thinking Podcast Series - https://forstrong.com/podcast/  Global Thinking Insights - https://forstrong.com/insights/  Who is Forstrong Global - https://forstrong.com/who-we-are/  Ask Forstrong - https://forstrong.com/category/ask-forstrong/  Invest With Us - https://forstrong.com/invest-with-us/  

In this episode Rob joins Forstrong CEO and Chief Investment Officer, Tyler Mordy, to unpack the defining moments of 2024 and the forces shaping 2025. The past year was further evidence we are not in a traditional economic cycle. In the face of elevated volatility, geopolitical tensions, and a charged political landscape markets powered higher. Yet, amidst the chaos, two themes stood tall: the commanding influence of tech giants and the unexpected resilience of global economic growth. Fast forward to 2025, and the drama continues—think Netflix-worthy twists. Trump 2.0 is shaking up the global order, reviving tariffs and hinting at economic annexation with Canada in the crosshairs. Meanwhile, Canada faces a leadership vacuum, a declared "productivity emergency", and interest rate cuts that seem to be losing their punch. South of the border, U.S. equity valuations are flirting with new records as rate cuts may be postponed and government spending finally tightens. Globally, the stakes are just as high. China's deflationary concerns are sending shockwaves through markets, while Europe grapples with pivotal elections that could redefine its economic trajectory.  This episode delivers sharp insights into these unfolding narratives, offering investors a lens to navigate a year where resilience and rivalry go hand in hand.   Chapters 00:00 2024 Review: A Year of Volatility 15:05 2025 Outlook: Key Themes and Trends 17:26 Political Landscape: Elections and Economic Policies 22:07 Trump 2.0: Implications for Canada and Global Trade 28:06 Global Economic Dynamics and the Role of the U.S. 30:28 Canada's Economic Challenges and Opportunities 32:15 The Impact of Interest Rates on Economic Growth 36:00 China's Economic Policy and Global Implications 42:04 Reflections: Documentaries and Personal Insights   Disclosures: https://forstrong.com/disclosures/ Global Thinking Podcast Series - https://forstrong.com/podcast/ Global Thinking Insights - https://forstrong.com/insights/ Who is Forstrong Global - https://forstrong.com/who-we-are/ Ask Forstrong - https://forstrong.com/category/ask-forstrong/ Invest With Us - https://forstrong.com/invest-with-us/ 

In this episode of the Global Thinking Podcast, host Rob Duncan welcomes Keith Dicker, Founder and Chief Investment Officer at IceCap Asset Management, for an in-depth exploration of the global financial landscape. Keith shares captivating insights from his unique career path, the art of global investing, the power of networking, and why risk management remains the cornerstone of successful strategies.   Rob and Keith unpack the implications of climbing long-term interest rates, the mounting pressures of government debt and why this could lead to greater opportunities in the future. Keith dives into the intricate dance of inflation and energy markets, offering a sharp perspective on how central bank policies are shaping investment challenges and why you need to keep an eye on currency markets.   Chapters 00:00 Introduction to Global Investing Philosophy 01:34 Keith Dicker's Journey in Investment Management 05:42 Market Outlook: Opportunities and Risks 06:10 US Market Dynamics and Economic Indicators 10:04 Long-Term Interest Rates and Economic Growth 12:31 Government Debt and Fiscal Challenges 15:52 Global Savings and Investment Strategies 18:46 Currency Markets and Risk Management 22:31 US Economic Resilience and Investment Opportunities 31:41 Inflation Trends and Market Implications 32:09 Inflation Trends and Predictions 35:31 Energy Market Dynamics 37:23 Investment Strategies for Canadians 40:50 Market Opportunities and Concerns 44:04 Central Bank Policies and Currency Dynamics 50:50 Final Thoughts and Recommendations

2024 is proving to be another year full of surprises. Investors have been bracing for recession as a waterfall of misleading signals have dominated headlines. While many braced for a looming recession, markets defied expectations with strong returns—leaving many sidelined in cash or GICs, missing out on the upside. In this episode of the Global Thinking Podcast, Rob sits down with Forstrong's CEO and CIO, Tyler Mordy, to unpack the themes from Tyler's latest article, 5 Questions Keeping Investors Up at Night. Together, they tackle the big questions shaping today's investment landscape: Where are we in the economic cycle? Are geopolitical shocks here to stay? What impact could the U.S. election bring? Is China's economic stimulus a real game-changer? And, finally, what does the future hold for the powerhouse MAG-7 tech stocks? Join us for a deep dive into these pressing topics and find out why keeping perspective—and staying invested—matters now more than ever.   Chapters 00:00 Introduction 01:07 The Five Questions 02:36 Where are we in the Economic Cycle? 10:40 Are Geopolitical Shocks Becoming More Frequent? 17:06 What are the Implications of US Elections? 24:54 Are China's Economic Stimulus a Game Changer? 30:14 What is the Future of the MAG-7 Tech Stocks?   Disclosures: https://forstrong.com/disclosures/ Global Thinking Podcast Series - https://forstrong.com/podcast/ Global Thinking Insights - https://forstrong.com/insights/  Who is Forstrong Global - https://forstrong.com/who-we-are/ Ask Forstrong - https://forstrong.com/category/ask-forstrong/ Invest With Us - https://forstrong.com/invest-with-us/  

Financial technology, or Fintech, in Canada has traditionally trailed behind the U.S. by nearly a decade. Until recently, even basic processes like virtual onboarding were rare in Canada, where advisors and clients often dealt with stacks of paper for signatures and mailed-off documents. But a global pandemic has accelerated change, bringing digital solutions and smartphone-driven client experiences to the forefront.   In this episode of Global Thinking, Rob sits down with Oliver Yoon, Head of Harness Investment Management, to explore the rapidly evolving Canadian Fintech landscape. Together, they discuss Oliver's extensive experience in finance, Harness's mission to empower advisors with independent investment solutions, and how technology is transforming client interactions. They also dive into the role of AI in financial services and the exciting future for advisors embracing innovation.   Chapters 00:00 Introduction 01:07 Oliver Career in Finance 06:24 Understanding Harness and Its Role 09:56 The Importance of Independence in Canada 13:02 A Fintech Solution for Advisors 18:29 AI's Role in Financial Services 20:29 Future Opportunities for Harness 22:24 Competition and Unique Offerings 24:33 Personal Insights and Closing Remarks   Disclosures: https://forstrong.com/disclosures/ Global Thinking Podcast Series - https://forstrong.com/podcast/ Global Thinking Insights - https://forstrong.com/insights/  Who is Forstrong Global - https://forstrong.com/who-we-are/ Ask Forstrong - https://forstrong.com/category/ask-forstrong/ Invest With Us - https://forstrong.com/invest-with-us/  

Over the past year, China has grappled with escalating challenges—from a real estate meltdown to tech crackdowns and slowing growth—leading many investors to deem the country "un-investable." However, recent policy moves from Beijing, including significant interest rate cuts and liquidity injections, may point to a major inflection point ahead.   In this episode, Rob Duncan speaks with Forstrong's Research Analyst, Shibo Gu, on the ground in Northern China. Together, they unpack the latest stimulus measures and their potential impact on investors eyeing opportunities in the world's second-largest economy. Is this renewed optimism justified, or should caution still prevail?   Chapters 00:00 Introduction to China's Economic Landscape 03:28 Stimulus Measures and Their Implications 08:42 Investment Opportunities in the Wake of Stimulus 12:04 Market Outlook and Investor Sentiment 18:09 On-the-Ground Insights from China   www.forstrong.com   Forstrong Insights   Previous posts on visiting China. Ask Forstrong: Postcard from China Global Thinking: Postcard from China, Part 2