What a crazy last couple of weeks in the markets! First, it was DeepSeek, then it was tariffs. Yet despite DeepSeek’s blind-siding of AI-related stocks and a worse-than-expected (at least for a few hours) scenario tabled on tariffs, at the time of writing, U.S. markets are flat year-to-date while the decline in the TSX isn’t even 1%. In last month’s year ahead commentary we suggested 2025 would be a year of higher volatility and we’ve sure started the year with some big bangs. After discussing January’s performance in the funds, this commentary will focus on the two topics clients have been asking about: tariffs and DeepSeek.
Alternative asset manager offering investment solutions that find a balance between asset protection and capital enhancement.
Alternative asset manager offering investment solutions that find a balance between asset protection and capital enhancement.