Episode Details

Markets are rallying. Oil is rising. War is ongoing.

And yet, investors seem to be moving on.

In this episode of the Global Thinking Podcast, Rob Duncan sits down with Forstrong Lead Portfolio Manager David Kletz to unpack the biggest question facing markets today. Is this resilience — or complacency?

While headlines focus on conflict in the Middle East, the real story is unfolding beneath the surface. Oil shocks are feeding into inflation, central banks are losing flexibility, and market leadership is beginning to shift in ways that could redefine this cycle.

But history offers a warning. Most geopolitical crises feel like turning points. Very few actually are.

Rob and David break down what matters and what doesn't:

• Why this isn't the 1970s
• How oil shocks really impact markets
• Why global growth may be stronger than it looks
• The risks hiding in valuations and market concentration
• And where investors should be looking for opportunity

Because in markets, the biggest mistakes often come from focusing on what feels urgent — instead of what actually drives returns.

Chapters

00:10 - Introduction to Global Thinking

01:07 - Market Overview: Iran Shock and Oil Prices

02:23 - Discussion with David Klutz: Market Resilience vs. Complacency

03:52 - Impact of Oil Prices on Global Growth

05:19 - Inflation and Interest Rates Outlook

07:43 - Global Market Trends and Canadian Economy

14:01 - Focus on Japan and China

33:56 - Four Strong's Global Investment Perspective

38:44 - Closing Remarks and Book Recommendation

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/

Thank for you listening, please considering leaving a review and subscribing for future episodes.

For any questions, comments or suggested topics please reach out to Rob Duncan,