The Invested

In this episode, host Matt Schnurr joins Mackenzie's James Morrison, VP and Lead Portfolio Manager of the Ivy Canadian Team. He shares his investment career inspired by his upbringing in Alberta, how he approaches investing in Canada using the Ivy Philosophy and its effect on the portfolio, and the future of the Ivy team upon Paul Musson’s retirement. Learn by Key Topics: (0:55) James’s Upbringing in the Heart of the Rocky Mountains (3:10) His Early Career & Mackenzie Investments (6:35) Ivy Investment Style & Investing in Canada (9:38) What He Looks for When Discovering Companies (12:47) Corporate Culture Within the Canadian Landscape (14:26) Incorporating Energy Within the Portfolio (17:35) How Macro Economy Affects the Portfolio (19:35) Retirement of Paul Musson & the Future of the Team At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

In this episode, host Matt Schnurr joins Mackenzie's Lesley Marks, Chief Investment Officer of Equities. She oversees the investment professionals involved in the day-to-day management of Mackenzie funds across the firm’s 12 equity boutiques with more than $65 billions in Mackenzie’s assets under management. Together, they take a deep look into the strength of the U.S. Dollar and why currencies why matter to Canadian investors. They also look at the recent earning season and what to expect out of market cycles going forward. Learn by Key Topics: (0:54) The US Dollar & its Strength (4:07) The British Pound & its Strength (5:24) These Currencies & Impact on Canadian Investors (7:08) Recent Earnings & What They Mean (Nike, FedEx, etc.) (10:16) Outlook on Inflation, Inventory & Demand At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

In this episode, host Matthew Schnurr joins Todd Mattina, Chief Economist and co-lead of Mackenzie’s Multi-Asset Strategies Team. Together, they take a deep look into Europe. They discuss European Energy Crisis and U.K. mini budget announcement from last Friday. Learn by Key Topics: (0:58) Thoughts on U.K.’s Mini Budget Announcement & Tax Plans (5:00) European Energy Crisis with Demand & Supply (16:11) Bank of England, Inflationary Pressures and the Rise of Interest Rates (20:21) Outlook on Sterling (22:55) Inflation across Major Economies: Europe, Asia, North America At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

In this episode, host Matthew Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid. Together, they discuss his process and how he predicts Central Bank’s actions, outlook on BoC, and how our Fixed Income team is positioning their portfolios. Learn by Key Topics: (0:56) Thoughts on Fed meeting (9:17) Views on Central Bank Actions & His Process (16:19) Outlook for Canada (23:19) Outlook on Currencies: USD & CAD (29:26) How our Fixed Income team is positioning their Portfolios At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

In this episode, host Matthew Schnurr joins Mackenzie's SVP, Portfolio Manager, and Head of Resource Team, Benoit Gervais. Together, they discuss European commodities, their impact on inflation, and the launch of Mackenzie's new inflation-focused fund. Learn by Key Topics: (0:56) Views on Europe’s Energy Crisis & Solutions (8:23) Climate Goals in Europe vs. Emissions (10:11) Energy Transitions’ Impact on Inflation (15:45) Thoughts on Central Banks & Inflation (17:44) Launch of Mackenzie’s Inflation-focused Fund At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, educated, and invested so they can meet their full potential. Learn more at mackenzieinvestments.com

In this quick-to-market episode, host Matthew Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid. Together, they discuss recent the CPI number, its implications on the FED fund rates, and the overall market impact. Learn by Key Topics: (0:54) Thoughts on recent CPI number (6:35) Expectations for Next Week (14:18) Changes within the Portfolio At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

In this episode, host Matt Schnurr joins Mackenzie's Lesley Marks, Chief Investment Officer of Equities. She oversees the investment professionals involved in the day-to-day management of Mackenzie funds across the firm’s 12 equity boutiques with more than $65 billion of Mackenzie’s assets under management. Together, they explore the Canadian housing market impacted by the recent rate hikes, the Jackson Hole summit, and Europe's energy crisis during the Ukrainian war. Learn by Key Topics: (0:56) Thoughts on Recent Rate Hike (3:13) Impact on Housing Market (6:05) Expectations from Central Banks & their Earnings (10:55) Thoughts from Jackson Hole Summit (15:41) Outlook for Rate Hikes & Impact (18:09) Energy Shock within Europe At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

In this episode, host Matthew Schnurr joins Lead Portfolio Manager of Ivy International, Hussein Sunderji. Together, they explore investment opportunities within Asia and Europe and how the Ivy Team approaches them strategically. Learn by Key Topics: (0:59) Ivy Investment Philosophy & Asia (6:08) Views on Cash when Investing (8:16) Corporate Governance within Japan (9:28) Views on the Chinese Stock Market (15:30) Other Geographical Regions in Asia with Opportunities (17:55) Views on Europe & Investing within (21:48) Opportunities within Europe At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

In this episode, host Matthew Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid. Together, they explore the Fixed Income markets and inflation worldwide, Fed and BoC, views on Europe (German and Italian bond situation), and more. Learn by Key Topics: (1:01) Inflation in the U.S.A. (6:44) Employment Rates & Economy in the U.S.A. (11:15) Expectations for the Fed (16:23) Inflation across U.S. vs. Canada (16:23) Trends across Europe & Inflation Risks (25:21) Trends within China (30:37) Thoughts on the upcoming Jackson Hole Symposium (34:30) Trade Ideas & Final Thoughts At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, educated, and invested to meet their full potential. Learn more at mackenzieinvestments.com

In this episode, host Matt Schnurr joins Mackenzie's Lesley Marks, Chief Investment Officer of Equities. She oversees the investment professionals involved in the day-to-day management of Mackenzie funds across the firm’s 12 equity boutiques with more than $65 billion of Mackenzie’s assets under management. Together, they explore the recent stock market performance, outlook for Canada, and what the Q2 earnings mean for investors. Learn by Key Topics: (1:00) Stock Market Performance Timeline & Outlook (4:51) Expectations on an Interest Rate Hike (6:33) Current Views on Canada (9:29) Outlook on the Tech Sector (11:36) Housing Market & Our Economy (16:00) Views on Quarterly Earnings (18:43) Will Canada follow the US? At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

In this episode, host Matthew Schnurr joins Matt Moody, Vice President, Portfolio Manager for Mackenzie’s Ivy Team. He will be promoted to Senior Vice President and Head of the Ivy Team this September. Together, they look at Matt Moody's career within the Investment Industry, what he learned from Jerry Javasky and Paul Musson, and what we can expect from the Ivy Boutique going forward. Learn by Key Topics: (0:54)Matt Moody’s Career in the Investment Industry (2:41) His Investment Style & View of Markets (4:38) Matt's Introduction to the Ivy Team (5:18) Why He chose the Ivy Team? (6:16) Learning from the Previous Ivy Leaders (15:52) Culture within Ivy & Vision for its Future (18:22) A Good Analyst vs. A Good Portfolio Manager (20:30) Views on Cash within the Ivy Team (24:30) Performance Expectations for the Ivy Team (28:42) How Karate & Investing balance each other At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

In this episode, host Matthew Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid. Together, they explore the probability of a ‘stagflationary’ environment, how to think about positioning your portfolios, as well as what impact that type of environment may have on Canada, U.S., and Europe. Learn by Key Topics: (0:56) Views on Recent BOC’s Actions with 100 Basis Points Increase (6:45) Views on Recession and Inflation (16:11) Updates on Bank of Japan (20:12) Stagflationary Environments & Positioning within Portfolios At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

In this episode, host Matthew Schnurr joins Lesley Marks, CIO of Equities, and Steve Locke, CIO of Fixed Income & Multi-Asset Strategies. Together, they discuss expectations for the balance of 2022, what’s happened year to date, inflation, and equity markets. Learn by Key Topics: (1:00) Views on Inflation, Central Banks’ Responses & its General Impact (4:00) Expectations for 2022 for Equity Markets (6:27) Views on Unemployment Rates, Spending, Consumer Confidence & Impact (8:28) Rate Increases vs. Inflation (13:17) Current Position on Canada (17:38) Views on Emerging Markets (21:35) View on Bank of Canada’s Responses & Outlook (24:57) Views on a Possible Recession in the Next 12 Months At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

In this episode, host Matthew Schnurr joins Luke Gould, Executive Vice-President and Chief Financial Officer for IGM Financial Inc. Together, they explore what Luke Gould is looking forward to over the next 6 years and beyond as he steps into his next role as CEO of Mackenzie Investments. Learn by Key Topics: (1:24) How Mackenzie Plans to Retain its Position as The Employer of Choice (2:21) Framework of Equity, Diversity & Inclusion When Building Our Teams (4:32) Key Characteristics Mackenzie Looks at When Hiring Talent (5:46) The Future of Work – Work, Hybrid & Work-From-Home (8:22) Views on Regulations, Products, and Outlook (10:01) The Merger of IIROC and MFDA and its Effect on Their Cultures (11:54) Outlook on Mergers and Acquisitions (14:13) Views on Interest Rates & Inflation (16:52) Inflation & Migrating to Private Investments (18:28) Thoughts on Taking Reigns as the Next CEO of Mackenzie At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

We are celebrating our 100th episode! In this special episode, host Matthew Schnurr joins Mackenzie's CEO, Barry McInerney just before his retirement in July. Together, they reflect on the last 6 years of his career at Mackenzie Investments. Learn by Key Topics: (0:54) Views on Canadian Wealth Segments from Boomers to Gen Z (7:23) How has Talent & Culture changed within Mackenzie (14:38) Actions that re-shaped Diversity, Equity, and Inclusion (21:13) Adjusting to the Pandemic Era and the Hybrid Model (29:44) Reflections on 6 Years of Acquisitions (40:12) Barry McInerney's Legacy at Mackenzie Investments At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

In this episode, host Matthew Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid. Together, they explore the recent fed decisions to raise interest points by 75 basis points, what’s happening in Europe and Japan, and how all these affect the portfolio. Learn by Key Topics: (0:56) Thoughts on Inflation and Yesterday's Fed Meeting (5:36) Correlation of Long-term Inflation Expectations and Headline CPI (9:47) Views on a Potential Recession (Labour Market, Consumer Demand, etc.) (15:05) European Central Bank and Views on Europe (19:50) Views on Inflation in Japan and Bank of Japan (26:25) U.S. Treasuries and Outlook on Inflation At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

In this episode, host Matthew Schnurr joins Richard Wong, SVP, Portfolio Manager, and Head of the Cundill Team at Mackenzie. Together, they explore value investing and how macroenvironment conditions affect the cycle during the pandemic era. Learn by Key Topics: (1:05) Views on Current Macroenvironment Conditions Allowing for the Optimism in Value (6:29) Value Stocks & Inflation (9:36) Views on Commodities from Fossil Fuels to Renewable Energy (12:55) Electric Vehicles (EVs), Consumer Demand, Key Players, and the Global Outlook (15:51) What Our Team is Monitoring When Investing in the EV Space (18:15) Opportunities in the Opening Trade (21:20) How Views on Value Has Changed Over the Years At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

In this episode, host Matt Schnurr joins Mackenzie's Lesley Marks, Chief Investment Officer of Equities. She oversees the investment professionals involved in the day-to-day management of Mackenzie funds across the firm’s 12 equity boutiques with more than $65 billion of Mackenzie’s assets under management. Together, they explore the Canadian economy (trends within the labor market and consumer spending), the stock market, the war in Ukraine and its impact on Europe, and ESG. Learn by Key Topics: (0:55) Trends in Canadian Economy & Recession (6:20) Equity Market – Are we at Maximum Pain? (12:17) Recession Fears in Europe (15:18) Views on Trends within ESG At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

In this episode, host Matthew Schnurr joins Todd Mattina, Chief Economist and co-lead of Mackenzie’s Multi-Asset Strategies Team. Together, they revisit the Modern Monetary Theory, comparing pre-pandemic times to what's happening right now from a global standpoint. Learn by Key Topics: (1:02) What is Modern Monetary Theory (MMT) (3:51) Mainstream Economic Community vs. MMT (6:05) Policy & Bank Response for MMT (8:35) Differences with 'Traditional' MMT responses (12:13) Risks with MMT (25:11) Why Modern Monetary Theory may not be a Viable Strategy At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

In this episode, host Matthew Schnurr joins Darren McKiernan. He leads Mackenzie’s Global Equity & Income Team and he is also the lead manager of the Mackenzie's Global Dividend Fund. Together, they explore all the moves Darren has made to re-position portfolios with a bottom-up approach. They also discuss views on technology companies, their valuations, and opportunities within this space. Learn by Key Topics: (1:00) History of Portfolio Changes during the Pandemic to Now (17:39) Views on Technology from the Pandemic to Post-Pandemic Climate At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

In this episode, host Matthew Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid. Learn about: (0:57) Thoughts on last week's Fed meeting and bond markets (6:50) Views on Neutral Rate's potential increase (10:34) Impact of Quantitative Tightening (16:51) Fed vs. Bank of Canada (23:52) COVID-19 & China's economic slowdown (30:12) How these affect Portfolio Management for the Fixed Income Team At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

In this episode, host Matt Schnurr joins Mackenzie's William Aldridge, VP North American Equities. Learn about: (0:57) Initial thoughts on Canada (2:55) How he approaches investing and managing portfolios (5:17) Macro view of investing in Canada (8:01) How the team allocates to small vs. mid vs. large caps (10:54) How the team incorporates resources in portfolios (16:40) Outlook for energy with green transition and climate change (19:30) Pockets of opportunities in Canadian caps and sectors At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

In this episode, host Matt Schnurr joins Mackenzie's Lesley Marks, Chief Investment Officer of Equities. She oversees the day-to-day management of Mackenzie funds across the firm’s 12 equity boutiques with more than $65 Billion of Mackenzie’s assets under management. Learn about: (1:05) Looking at pandemic-driven demand through Netflix (6:47) COVID-19 in China (11:57) China’s next election, its effect on stimulus and GDP growth (14:08) The likelihood of a super-cycle of commodities (19:53) Recession fears and where the economy is headed At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

In this episode, host Matt Schnurr joins Mackenzie's Ome Saidi, VP Investments. He leads the International Investment Selection for the Global Equity & Income Team at Mackenzie Investments. He is also the Lead Portfolio Manager on the Mackenzie International Dividend Fund. Learn about: (1:05) Ome's upbringing in Ivory Coast (6:09) His entrepreneurship journey that started with a pay cut (10:25) His theory in discovering high value investments (16:44) What he looks for in management (20:54) How he looks at risk in portfolios (26:33) Which areas does he discover the best opportunities Ome's book recommendations: The Outsiders At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

In this episode, host Matt Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid to debrief the Bank of Canada's recent interest rate hikes. The two also discuss the ECB, the federal reserve, and what impacts these will have on the team's portfolios.

In this episode, Matt Schnurr joins Konstantin Boehmer, SVP, Portfolio Manager, and Co-lead of the Mackenzie Fixed Income Team, to discuss sustainable debt and the current market environment. They explore what sustainable debt is and what are its characteristics. Konstantin also outlines the three possible paths that the market may take, which is most probable, and what to do with your portfolio.

In this episode, Matt Schnurr joins Benoit Gervais, Senior Vice President, Portfolio Manager, Head of the Resources Team at Mackenzie Investments, to explore energy security in light of the Russia/Ukraine conflict, onshoring, and infrastructure. They also discuss how we can achieve our climate change goals.

In this episode, host Matt Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid to discuss the Fed, ECB and BOC's reactions to Russia's invasion of the Ukraine. Dustin also comments on inflation, commodity prices and how his team is positioning their portfolios.

In this episode, Matt Schnurr joins Sir Christopher Meyer, former British Ambassador to the US, and private secretary to the British Embassy in Moscow, who provides his unique perspective on the war in Ukraine. He sheds light onto its cause and its global implications.

In this episode, Matt Schnurr joins Brent Joyce, Investment Strategist at Mackenzie Investments. They dive deep to provide a thoughtful analysis on the Russia Ukraine Crisis and what it means for economic markets around the world.

In this episode Matt Schnurr joins Wenjie Ding, Investment Strategist at ChinaAMC to discuss the current situation in China. They dive into both the short-term and long-term macro challenges. The also explore the reasons that investors should be optimistic about the Chinese equity market.

In this episode, Matt Schnurr joins Brent Joyce, Investment Strategist at Mackenzie Investments, to discuss the Russia/Ukraine situation and its effect on oil. They further dive into what oil prices may mean for inflation and the health of the economy.

In this episode, Matt Schnurr joins Shelly Dhawan, Director of ESG research, Mackenzie Betterworld Team, to discuss ESG. The go over what an ESG researcher does, how to think about ESG risks, topical ESG themes, and greenwashing.

In this episode, host Matt Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid to discuss the jobs number coming out of the US and the European Central Bank's recent actions. They also take a look at what Dustin and his team have recently done within their portfolio.

In this episode, Matt Schnurr joins Onno Rutten, Vice President on Mackenzie’s Resources Team to discuss the opportunities for resource investing in an inflationary world and the role of gold as insurance against rising monetary policy risks.

In this episode, Matt Schnurr joins Brent Joyce, Investment Strategist at Mackenzie Investments, to discuss the market volatility in early 2022 including what caused it and how to think about future movements going forward.

In this episode, Matt Schnurr joins Konstantin Boehmer, Senior Vice President, Co-Lead of the Fixed Income Team, and Head of Global Macro at Mackenzie Investments, to discuss inflation. They go over where inflation levels are likely to reside, what are the Fed's reactions, and if food and oil prices will create a challenge for developing markets.

In this episode, host Matt Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid to do a level set for 2022 including what to expect from the Federal Reserve, the Bank of Canada, and the European Central Bank.

In this episode, Matt Schnurr joins Brent Joyce, Investment Strategist at Mackenzie Investments, to discuss the Blue Book, Mackenzie's 2022 outlook. They dig into the different asset classes and geographic locations to get Brent's perspective on what will be the best investment opportunities next year.

In this episode, host Matt Schnurr speaks with Jamie Storrow, Managing Director and Co-Head of Infrastructure at Northleaf Capital Partners, to share his team's approach to private infrastructure investing. He goes over how they source deals, work with management teams, and their exit strategies.

In this episode, host Matt Schnurr speaks with Mackenzie's Chief Fixed Income Strategist, Dustin Reid as he weights in on the Fed's view of inflation and maximum employment, and what implications it may have on markets. They also turn to discuss China and the easing cycle that is currently playing out.

In this episode, Matt Schnurr joins John Cook, Senior Vice President, Portfolio Manager and Investor Engagement, Team Co-Lead Mackenzie Greenchip Team, to debrief the COP26 climate summit. They also discuss industries like clean-up technologies and industrials, and the opportunities in resources.

In this episode, Matt Schnurr joins Brent Joyce, Investment Strategist at Mackenzie Investments, to discuss earnings, sentiment in the market, and yield expectations.

In this episode, Matt Schnurr joins Todd Mattina, Senior Vice President of the Multi-Asset Strategies Team and Chief Economist, to discuss Modern Monetary Theory (MMT). They explore its benefits and downfalls, and how it's been used during the past decade.

In this episode, host Matt Schnurr speaks with Mackenzie's Chief Fixed Income Strategist, Dustin Reid for a recap of what has been going on in the fixed income markets. They dive into how volatile it's been, what indicators can be used to predict where it's going, and how to position your portfolio.

In this episode, Matt Schnurr joins Yves Choueifaty, CEO of TOBAM, to discuss his experience starting the first open-ended Bitcoin fund in 2017. He also explores the characteristics of a Bitcoin, and dispels some common myths.

In this episode, host Matt Schnurr speaks with Mackenzie's Chief Fixed Income Strategist, Dustin Reid about interest rates in developed markets, his forecast for future rate changes, and how to position your portfolio to take advantage of them.

In this episode Matt Schnurr joins Brent Joyce, Investment Strategist at Mackenzie Investments, to talk all about inflation, including its causes and the prospect of stagflation. They also discuss how companies are doing this earnings season.

In this episode Matt Schnurr joins Benoit Gervais, Senior Vice President, Portfolio Manager, Head of the Resources Team at Mackenzie Investments, to explore the current commodity markets, onshoring, and supply chains. They also discuss climate change and the desire for higher quality inputs, and how that could impact commodities in the future.

In this episode Matt Schnurr joins Brent Joyce, Investment Strategist at Mackenzie Investments, to unpack the past month's market conditions. They also discuss the volatility in the emerging markets, particularly out of China, and the political situation in the US.