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Biotech Breakouts & the GLP-1 Arms Race: The Drugs That Broke the Market (In a Good Way)
In this episode of Money Talks We Listen, Brian McAree and Richard Croft dive into two of the biggest forces shaping markets today: the biotech boom and rising energy prices. First, they unpack the GLP-1 revolution, exploring how breakthrough weight-loss drugs are transforming healthcare, creating trillion-dollar opportunities, and disrupting everything from food companies to insurance providers. Then they shift to oil’s march toward $100 per barrel, examining how geopolitics, inflation, consumer spending, and Federal Reserve policy are colliding in an increasingly fragile macroeconomic environment.
Risk Multiplicity: The Market’s Wall of Worry… and Why It Keeps Climbing It Anyway
In this episode of Money Talks We Listen, Richard Croft and Brian McAree unpack the concept of risk multiplicity and why markets continue to push higher despite a growing list of concerns. From leveraged Treasury trades and AI-driven market concentration to geopolitical tensions, IPO exuberance, and the role of bond vigilantes, they explore the risks investors may be overlooking and how those risks can compound when they occur together.
CANADA’S MID-2026 PLAYBOOK: A SLOWER ECONOMY, A STRONGER TSX
As we cross the half-way point in 2026, the Canadian economy feels a lot like Charles Dicken’s “A Tale of Two Cities.” The split in the macro-backdrop is sharper than at any point since the post‑pandemic reopening. Raw materials, energy and most USMCA compliant export...
Portfolio Managers’ Brief – June 2026
Markets continue to demonstrate resilience despite persistent uncertainty.
Economic concerns remain, but outcomes have been better than expected.
Inflation, interest rates, and geopolitics continue to shape markets.
Investor focus has increasingly shifted toward fundamentals.
AI Mega Cycle Intact, But With More Volatility
• THE MAGNIFICENT TECH JUNE 5TH SELL-OFF
• AI MEGA-CYCLE INTACT, BUT WITH MORE VOLATILITY
• RISK MULTIPLICITY
• OIL HOLDS NEAR $100 AS TENSIONS PERSIST
• BIOTECH BREAKOUTS AND THE GLP‑1 ARMS RACE
• BITCOIN BREAKS
Outside The Income Box
• OUTSIDE THE INCOME BOX
• THE INFLATION RECESSION DEBATE
• CUSMA RE-NEGOTIATIONS
• DE-BUNKING CONSPIRACY THEORIES
Portfolio Managers’ Brief: April 2026
Inflation Shock Reset the Market Narrative
• Markets absorbed a real, energy-driven inflation shock, not just expectations.
• Higher oil prices are now directly impacting growth forecasts and consumer sentiment.
Money Talks We Listen – March 2026 Macro-Economic Research Report
MIDDLE EAST CONFLICT It’s funny how certain thoughts surface as impactful headlines break into the news cycle. When the U.S. partnered with Israel to attack Iran, I was reminded of a December 1971 article published in U.S. News & World Report. It was an interview...
Portfolio Managers’ Brief: March 2026
March reinforced the market shift we discussed last month toward greater selectivity, but added a new variable as geopolitical tensions escalated following Operation Epic Fury.
This triggered a spike in oil prices, a shift lower in interest rate expectations, and a short-term increase in market volatility.
Markets pulled back as investors questioned whether this was the start of a broader sell-off or simply temporary volatility.