The Living Market Podcast

5:34

Why emerging markets deserve a second look

The Living Market Podcast ·

2026/10/08

When you hear “emerging markets”, what comes to mind? For many investors, it’s still the old picture of cheap labour, commodity exports and the occasional currency crisis. Philip Petursson, Chief Investment Strategist at IG Wealth Management, updates that picture, explaining why emerging markets today offer growth at half the valuation of U.S. stocks, with AI hardware, Chinese consumption and commodity inputs all bundled into one allocation. He also discusses why the risks that come with them may

en

9:33

Why the cost of capital is the new market story

The Living Market Podcast ·

2026/10/01

Long-term bond yields have surged to levels not seen in years, and they're reshaping the investment landscape. Pierre-Benoît Gauthier, Vice-President, Investment Strategy at IG Wealth Management, explains why rising yields are becoming the market's most important variable, how a correction beneath the surface of major indices is creating opportunities, and why strong earnings continue to do the heavy lifting for stocks.

en

20:26

What rising rates mean for AI stocks and your portfolio

The Living Market Podcast ·

2026/09/24

The U.S. Federal Reserve’s latest rate hike is reshaping the investment landscape, from the Magnificent Seven to AI infrastructure and utility stocks. Ashish Utarid, Assistant Vice-President of Investment Strategy at IG Wealth Management, breaks down why a crowded stock market is most vulnerable when rates rise, what the hidden cost of AI's boom means for your portfolio, and how to position yourself when the landlord starts raising the rent.

en

4:34

Why the Fed’s first hike in three years won’t be its...

The Living Market Podcast ·

2026/09/17

The U.S. Federal Reserve just raised interest rates for the first time in three years and it’s unlikely to stop at one. Philip Petursson, Chief Investment Strategist at IG Wealth Management, breaks down why stubborn inflation leaves the central bank with little choice but to keep hiking, and what it means for the Canadian dollar and Canadian investors holding American assets.

en

8:27

Why the house doesn’t always win

The Living Market Podcast ·

2026/09/11

When U.S. Treasury Secretary Scott Bessent said "I am the house," Philip Petursson, Chief Investment Strategist at IG Wealth Management, took issue with the comparison. A casino is the house because the math structurally favours it. The U.S. Treasury is something else entirely: issuer, debtor, refinancing agent, regulator and occasional buyer, all at once. And at the end of every one of those roles sits the same requirement: roughly $30 trillion of government debt has to live on somebody else's

en

9:28

What are the current trends, risks and opportunities...

The Living Market Podcast ·

2026/09/02

This week, Philip Petursson, Chief Investment Strategist at IG Wealth Management shares the key trends currently dominating the team’s market strategy conversations and what they mean for investors. These include consistent double-digit earnings growth, growing interest rate risk, Canada’s economic momentum, the opportunities within energy and the long-term case for AI. He also shares what the team is watching out for, including corporate profits, inflation, central bank policies and geopolitics,

en

10:03

Why the bond buyback didn't stick

The Living Market Podcast ·

2026/08/27

The U.S. Treasury quietly doubled the size of its bond buyback operations in August. The market called it QE-lite, a nod to the Federal Reserve's crisis-era quantitative easing program of creating new money to buy bonds. Philip Petursson, Chief Investment Strategist at IG Wealth Management, explains why that label is wrong, what the Treasury is actually doing and why the relief lasted about a day before disappearing. He breaks down what it means for investors, why the two-to-seven-year range offers

en

11:33

The case for rate cuts is shrinking

The Living Market Podcast ·

2026/08/20

What if the Bank of Canada's next move is not a cut? Philip Petursson, Chief Investment Strategist at IG Wealth Management, makes the case that the conversation around Canadian interest rates has shifted fundamentally. With the economy improving, the mortgage renewal shock easing and inflation showing signs of moving in the wrong direction, he explains why the balance of risk is now tilting toward higher rates and what that means for bonds, the Canadian dollar and investor portfolios.

en

8:05

What might an interest rate hike mean for the markets?

The Living Market Podcast ·

2026/08/14

For two years, everyone asked when the next rate cut was coming. Now the question has flipped: what if the next move is a hike? Philip Petursson, Chief Investment Strategist at IG Wealth Management, went back to 1958 to study what actually happens to stocks after a first rate hike. The answer is not what most investors expect. Philip explains what history tells us about the move everyone is now bracing for and why the first hike and the last hike in a cycle are two very different stories.

en

6:14

What great manufacturing data means for the markets

The Living Market Podcast ·

2026/08/06

The U.S. goods cycle is turning, and it has implications well beyond American factories. Ashish Utarid, Assistant Vice-President, Investment Strategy at IG Wealth Management, explains what a remarkably strong monthly survey of U.S. factory purchasing managers tells us about where earnings growth is headed, what it means for Canadian equities and why history says the current cycle still has room to run.

en

4:56

In this market, perspective is everything

The Living Market Podcast ·

2026/07/29

When markets move sharply, the instinct is to look at the numbers. Ashish Utarid, Assistant Vice-President, Investment Strategy at IG Wealth Management, argues the real question is whether the story behind those numbers has changed. He explains why valuation isn't a timing tool but a measure of how far things can move, and why the same market moment can look completely different, depending on where you're standing.

en

6:56

Valuation is a thermometer, not a clock

The Living Market Podcast ·

2026/07/23

Astronomers predicted the April 2024 solar eclipse to the second. Not one of them can tell you what the S&P 500 will do next Tuesday. That gap, says Philip Petursson, Chief Investment Strategist at IG Wealth Management, is the point. Right now, the CAPE ratio, a widely followed measure that compares the total value of the U.S. stock market against the size of the U.S. economy, is at an all-time high, and the headlines are getting louder. Philip explains why that number is less alarming than it

en

8:10

Five market insights, one podcast

The Living Market Podcast ·

2026/07/16

This week, a different format. Philip Petursson, Chief Investment Strategist at IG Wealth Management, runs through five market insights in one episode: why earnings expectations are the highest they've been in years; what June's soft inflation statistic does and doesn't tell us; why roughly four in ten S&P 500 stocks were down 20% or more from their highs, even as the index hit records; why the calendar gets tougher from here; and why record profit margins raise the bar for everything that

en

4:36

The perfect predictability of unpredictability

The Living Market Podcast ·

2026/07/09

Nobody's bracket survives the World Cup. And nobody's market thesis survived the first half of 2026 either, says Philip Petursson, Chief Investment Strategist at IG Wealth Management. All seven Magnificent Seven stocks are trailing the S&P 500 at the halfway mark, while emerging markets and Canada have been the tournament's surprise winners. He explains what changed with the tariff shock of April 2025, why favourites are still good teams but not a plan on their own and why owning the whole field

en

6:30

2026 update: a tale of two markets

The Living Market Podcast ·

2026/07/02

The headlines in the first half of 2026 were loud: a war in Iran, oil above $100 a barrel, inflation concerns and a weakening consumer. None of it was enough to derail markets, says Philip Petursson, Chief Investment Strategist at IG Wealth Management. He breaks down the earnings and economic backdrop that drove returns across U.S., Canadian and international equities, explains why Canada and the U.S. are now heading in opposite directions on interest rates, and makes the case that any volatility in

en

5:32

What's weighing on the Canadian dollar?

The Living Market Podcast ·

2026/06/24

While investors were focused elsewhere, the Canadian dollar quietly fell almost 5% against the U.S. dollar over the past two months. Philip Petursson, Chief Investment Strategist at IG Wealth Management, explains the two forces driving that weakness: falling oil prices and a widening gap between Canadian and U.S. interest rates. With the Bank of Canada likely to shift its focus from inflation to a slowing economy, and the U.S. Federal Reserve expected to raise rates further, his view is that the

en

7:21

Has the market run out of things to worry about?

The Living Market Podcast ·

2026/06/18

Markets don't climb because everything is fine. They climb because everyone is convinced it isn't, says Philip Petursson, Chief Investment Strategist at IG Wealth Management. He explains why the wall of worry that carried markets through the first half of 2026 has largely come down, and why that shift raises a simple question: what will carry the markets from here? He breaks down what history says about mid-term elections, why earnings remain the real floor under this market, and why the set-up for

en

7:39

Is the boom coming with a price tag?

The Living Market Podcast ·

2026/06/09

Two years ago, incoming U.S. Federal Reserve chair Kevin Warsh warned that central banks were getting too comfortable with higher inflation and called it very dangerous. Philip Petursson, Chief Investment Strategist at IG Wealth Management, explains why that warning looks prescient today. With most central banks worldwide running above their inflation targets, and bond yields climbing, the boom in labour markets and asset prices is coming with a cost. The question is how central banks respond, and

en

7:03

Are equities a good hedge against inflation?

The Living Market Podcast ·

2026/06/03

Is inflation bad for stocks? Ashish Utarid, Assistant Vice-President, Investment Strategy at IG Wealth Management, went back through 76 years of market data to test that assumption, and the answer is more nuanced than most investors might expect. Stocks have been at least partial inflation hedges across most of the range we've actually lived through. The real risk isn't the inflation level itself; it's the policy response and whether that response tips the economy into a downturn.

en

7:02

Why the markets are smashing through the usual...

The Living Market Podcast ·

2026/05/28

The stock market is doing something unusual: rising steadily while consumers feel worse than they have at any point in recorded history, and most of the usual warning signs are flashing. Ashish Utarid, Assistant Vice-President, Investment Strategy at IG Wealth Management, breaks down the artificial intelligence concentration story driving U.S. markets and why 10 companies now account for roughly 40% of the entire index. He explains why this rally deserves respect but not blind faith, and why a truly

en

All Episodes

Similar Podcasts

TaxTalent.com The Golden Rule Podcast

Adam Golden

TaxTalent.com Podcast

Tony Santiago

Digital Finance Analytics (DFA) Blog

Martin North

The Smashi Business Show

Augustus Media

Dagen med Di

Dagens industri