Markets at Trump’s Mercy, the Puppet Master Pulls the Strings

In the Money with Amber Kanwar

In just one week, we went from the edge of a global trade war to a 90-day truce—and the markets are feeling every twist and turn. One post on Truth Social was all it took for Donald Trump to send the Dow soaring nearly 3,000 points in its biggest rally since 2008... while simultaneously tightening tariffs on China. Chaos? Absolutely. End in sight? Not even close.

On today’s show, Amber brings in two powerhouse guests to help make sense of the madness:

Frances Horodelski, veteran investor, shares why the financial system isn’t about to break—and why she’s still optimistic despite the volatility.

Darcy Morris of Ewing Morris & Co. Investment Partners breaks down how activist investors can find opportunity in uncertainty, revealing his current top plays and value strategies.

Whether you’re an investor, a market watcher, or just trying to understand what the heck is going on—this episode is a must-watch. Subscribe now and don’t miss the insights that could change your portfolio.

Timestamps
00:00 Show Intro
03:50 Amber & Frances chat about the chaos in fixed income markets
06:50 How to approach the turmoil as an investor
12:00 Why Frances thinks this feels more like covid rather than 2008
14:00 U.S. vs. China: Who will blink first?
20:00 Amber welcomes Darcy Morris
22:00 Is there panic out there on the client side?
24:00 Why activist investing creates opportunity even during tough times
25:00 Darcy’s approach to activist investing and long-term value creation
27:40 How Darcy finds activist opportunities
31:50 Why Darcy isn’t afraid to ruffle feathers in corporate Canada
34:25 Darcy offers a clear example of his successful activism
39:25 Darcy’s Pro Picks
54:30 ETF Minute: CI Global Infrastructure Private Pool ETF
58:55 Coming up

Sponsors
This episode is sponsored by BMO InvestorLine. If you’re an experienced trader, BMO Active Trader is the platform for you. Learn more at https://bmo.com/advancedtrading?ecid=pr-2886232INV1-JNBMO17

For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit raymondjames.ca today to discover how you can live a life well planned.

Pro Picks is brought to you by ATB Financial. With $62 billion in assets, ATB Financial is powering possibilities for more than 820,000 financial services clients in Alberta and beyond. Visit ATB.com/inthemoney for more information

ETF Minute is brought to you by CI Global Asset Management. Find out more about CI’s ETF offerings here: https://www.cifinancial.com/ci-gam/ca/en/investment-solutions/exchange-traded-funds.html, and about the CI Global Infrastructure Private Pool ETF here

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