We're just 3 months past the "Liberation Day" Tariffs and despite initial concerns, the S&P 500 is up 6% and the TSX has gained 10% YTD.

To move beyond the headlines we look at specific economic indicators: US Manufacturing (one of our go-to indicators) is up. But while that is green, other indicators are flashing red, indicating a cautious yet optimistic market sentiment. It's a nuanced scenario we're navigating.

We also discuss interesting insights from a recent article on Canada’s financial industry (link below): bank-employed investment reps face significant pressure to sell products often not in the best interest of clients.

At Tower, we're independent, our duty is first and foremost our clients. Your success is our success, and we strive to build trust through direct, transparent relationships. #marketupdate #economicindicators #investmentmanagement #investmentinsights #clientfirst #financialtransparency

If you have questions, topic ideas or want to discuss your own investments please reach out, we'd love to hear from you.info@towerasset.ca

Bank reps under pressure to sell: https://www.investmentexecutive.com/news/from-the-regulators/bank-reps-under-pressure-to-sell-osc-and-ciro/

Market Recap and Economic Indicators [00:00:00 ]

Overview of 2025 market performance, key indices, and economic indicators like manufacturing orders, jobless claims, and inflation.

Sector Rotation in Markets [00:02:21 ]

Shift from tech giants to industrials and how this affects overall market performance.

Bank Sales Pressure Article [00:02:47 ]

Summary of an article on sales pressure at banks and how it impacts client interests.

Tower’s Independence and Business Model [00:03:46 ]

Emphasis on Tower’s independence from banks and client-focused investment management.

Co-Investment Philosophy [00:05:32 ]

Tower partners invest alongside clients, using the same strategies and paying the same fees.

Personalized Client Relationships [00:06:26 ]

Tower’s direct, personal approach versus distant portfolio managers at banks or brokers.