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 and 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 Neleson

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/