Episode Details
Back to EpisodesWhen to Hold Cash and When to Strike: Liz Miller’s Market Strategy
Description
Markets are swinging wildly, but are investors overreacting? In this episode of In the Money with Amber Kanwar, seasoned portfolio manager Liz Miller of Summit Place Financial Advisors shares how she’s navigating market uncertainty—from surging tariffs and Fed drama to stock-specific opportunities.
Liz explains why corporate earnings are murky, why the Fed’s influence may be fading, and how tariff unpredictability and U.S. dollar volatility are forcing investors to rethink risk. She also unpacks why she’s favouring U.S.-centric companies and building cash, even while nipping at beaten-down names.
In the mailbag, Liz breaks down whether fully valued names like Netflix (NFLX), Google (GOOGL), and Costco (COST) are still worth buying—and why she’s more bullish on under-the-radar opportunities like Disney (DIS), BlackRock (BLK), and even Sweetgreen (SG). Plus, why she avoids gold miners and prefers gold ETFs for safer exposure.
Then, in her Pro Picks segment, Liz shares 3 stocks she’s adding in this turbulent environment: Evercore (EVR), GE Healthcare (GEHC) and Carlisle Companies (CSL)
Whether you’re managing retirement risk, debating tech valuations, or wondering how to play inflation and tariffs, this episode is packed with grounded, long-term investing insight.
Timestamps
00:00 Show intro
01:35 How Liz is approaching this volatile time in markets
03:20 How to dissect earnings this season when things are so uncertain
05:20 We need clarity on tariffs in order to be able to assess stocks
07:20 Why Liz just bought several positions during the recent down days, is holding cash and is reorienting towards domestic names
11:05 Trump, Jerome Powell and issues with the Fed’s credibility
15:20 ITM Mailbag: Would Liz buy Netflix (NFLX-Nasdaq) at these levels?
18:30 What is Liz’s view on Google (GOOG.Nasdaq) for the next 3 years?
23:30 Is Costco (COST.Nasdaq) a solid recession hedge?
27:45 Does Liz still like Sweetgreen here (SG.NYSE)?
31:40 Why Liz likes owning gold through ETFs
35:50 Liz’s take on Berkshire Hathaway (BRK.B.NYSE) vs BlackRock (BLK.NYSE)
40:00 Liz’s Pro Picks
50:00 Goodbye & coming up
Sponsors
This episode is sponsored by BMO InvestorLine. Open a new BMO InvestorLine account, and you could receive up to $3,500 cash back. It’s a great way to jumpstart your investment plan. Learn more at bmo.com/onlineinvesting?ecid=pr-2886232INV1-JNBMO16
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
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DISCLAIMERS
The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified fi