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/

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/