Get Sharpe

The private credit headlines of late 2025 spooked some retail investors — but were they telling the full story? Dustin Reid sits down with Northleaf Vice Chair James Cowan to break down what went wrong and why institutional investors kept putting money in. Then, Prerna Mathews joins the conversation to unpack what it means for advisors and their clients. From the "four T's" of manager selection to...

The Strait of Hormuz is dominating financial headlines but screen prices are telling a different story. Dr. Amrita Sen of Energy Aspects joins host Dustin Reid to explain why physical cargo markets are trading ten to fifty dollars above published crude benchmarks, what that divergence means for gasoline, diesel, jet fuel, and LNG, and why a reopening of the strait would not restore flows anywhere...

Marko Papic , Chief Strategist at BCA Research, joins host Dustin Reid to unpack why oil and energy markets have reacted differently than broader global equities. He explores what geopolitical tensions, sticky inflation, and the AI capex boom could mean for markets. Later, co-host Prerna Mathews joins in to discuss the implications for advisors building resilient portfolios.

Ben Rabidoux , President of North Cove Advisors Inc. joins  Dustin Reid  and  Prerna Mathews  to unpack what is driving Canada’s housing market now, from weaker rental demand and condo pressure to the renewal cycle still ahead. He also lays out what to watch next as pricing stays soft and single-family moves closer to a bottom. Dustin and Prerna then widen the lens to home bias and diversification...

What happens when Fed independence isn't a given?  Jens Nordvig  (Founder & CEO, Exante Data; Co-Founder & CEO, MarketReader) joins  Dustin Reid  and  Prerna Mathews  to unpack the collision of politics, the courts, and the central bank. They discuss what it could mean for rates, the dollar, and broader risk appetite as challenges to the Fed’s independence intensify. Dustin and Prerna clos...

In this episode,  Joseph Briggs , economist at Goldman Sachs, joins  Dustin Reid  to pressure-test the “AI bubble” debate from a top-down macro lens. They examine how big the buildout really is once you scale it properly, why the headline GDP boost can be easy to misread, and what early signals (and non-signals) to watch in productivity and the labour market. The takeaway: What to watch in the dat...

Brent Donnelly of Spectra Markets and author of Alpha Trader joins Dustin Reid to unpack how market narratives form, shift, and ultimately drive price action across global macro. He shares practical insight into managing confirmation bias, curating information flow, and staying agnostic in fast-moving markets. Brent also discusses how he uses technical analysis as a risk-management tool rather tha...

From deficits to defense spending,  Ali Jaffery  of CIBC Economics joins  Dustin Reid  to assess the government’s fiscal plan and its market implications. They examine the fine balance between stimulus and discipline—and what it tells investors about the next phase of Canada’s economic cycle.  This episode was recorded on November 5, 2025. 

In this episode, Steve Englander , Global Head of G10 FX Strategy and North American Macro Strategy at Standard Chartered Bank, discusses the evolving US macro landscape heading into Q4. He examines the Fed's recent rate cut, the implications of rising productivity on the neutral rate, and the early impact of AI on the labour market. Steve shares his views on US dollar positioning, potential chall...

In this episode, Tim Jones , Lead Policy Analyst at Medley Advisors, discusses the European Central Bank's rate outlook against a backdrop of shifting macro conditions and rising downside risks. He explores how currency moves and commodity prices could fuel disinflation, the fragility of services inflation, and what might trigger further policy easing. Tim also examines the EU's widening fiscal an...

In this episode, Durham Abric , Head of US Inflation at Citadel Securities, shares his outlook on US inflation for the second half of 2025, the market's perception of inflation trends, and why tariff-related volatility has yet to be fully reflected in CPI numbers. He examines the Fed's current policy stance, the risks of policy missteps, and how housing market trends and immigration could influenc...

In this episode, Shahab Jalinoos , Managing Director and Head of G10 FX Strategy at UBS, shares his insights into the structural forces that could weaken the US dollar and challenge its long-standing global safe haven status. He examines the breakdown of traditional cross-asset correlations and explains how shifts in hedging strategies could drive appreciation in other currencies. Shahab also disc...

In this episode, Frank McKenna , Deputy Chair at TD Securities and former Canadian ambassador to the US, shares his insights on the outcome of the Canadian federal election, what it means for Prime Minister Carney, and potential implications for financial markets. He explores how external factors shaped Canadians' demand for decisive leadership and how Prime Minister Carney can govern assertively...

In this episode, Donald Schneider , Deputy Head of US Policy at Piper Sandler and former Economic Staffer to Speaker Paul Ryan, provides a comprehensive overview of the Department of Government Efficiency (DOGE). He explains what DOGE is, its impact on the economy and markets, and what to expect going forward. Donald discusses DOGE's unconventional methods of achieving savings through executive ac...

In this episode, Ali Jaffery , Executive Director and Senior Economist at CIBC Capital Markets, provides and in-depth analysis of the key macroeconomic themes affecting the Canadian economy. Ali explains why Canadian consumers remain cautious, highlighting the effects of mortgage rate resets and immigration policy changes on the housing market and broader economy. Ali also explores the potential e...

In this episode, Marko Papic , Senior Vice President and Chief Strategist at BCA Research, explores the geopolitical and macroeconomic issues likely to impact the markets under the coming years. Marko explains his approach to geopolitics and why material constraints often outweigh policymakers’ preferences. Marko also discusses the implications of US fiscal policy, tariffs, and the geopolitical ri...

The Fed’s existence is rooted in congressional legislation but are there enough legal guardrails to prevent encroachment by the executive branch? In this episode, Dr. Larry Hatheway , Founder of HarbourAdvisors, explores how the Republican Party’s consolidation of power may reshape how the Fed operates. Dr. Hatheway discusses the potential for increased government oversight, the possibility of the...

In this episode, Ben Rabidoux , Founder of North Cove Advisors, rejoins hosts Matthew Schnurr and Dustin Reid for an update on the current trends and outlook of the Canadian real estate market. Ben discusses the challenges facing the condo market, including the potential for higher failure rates in closings in 2025 and 2026. He also examines the impact of recent interest rate cuts by the Bank of C...

With less than 65 days until the US presidential election, could this be the most investible election in history? In this episode, hosts Matthew Schnurr and Dustin Reid are joined by Dan Clifton , Partner and Head of Policy Research at Strategas Securities to discuss the upcoming election and its market implications. Dan explores how stark policy contrasts between the candidates may create unique...

Why should investors care about volatility and how can it be used to inform investment decisions? In this episode, hosts Matthew Schnurr and Dustin Reid are joined by David Wang, Director, FX Distribution and Volatility Strategies at TD Securities, to discuss the importance of volatility in financial markets, its role as a form of financial insurance, and its influence on asset allocation decision...

With the US election less than six months away, how should investors begin to assess the potential impacts on emerging markets? In this episode, hosts Matthew Schnurr and Dustin Reid are joined by Alejandro Cuadrado, Global Head of FX Strategy and Head of Emerging Markets Rate Strategy at BBVA, to discuss the implications of the US election in Latin America and Mexico. Alejandro explores what a Bi...

Will the movement of cash from consumers to the government, especially during tax season, significantly influence economic activity? In this episode, hosts Matthew Schnurr and Dustin Reid are joined by Matthew Hornbach , Managing Director and Head of Macro Strategy at Morgan Stanley. Matthew explores how liquidity flows can offer insights into economic trends and influence investment decisions and...

While central bankers are confident in achieving a soft-landing scenario, when can we reasonably expect rates to begin to ease? In this episode, hosts Matthew Schnurr and Dustin Reid are joined by Jason Daw , Head of North American Rates Strategy at RBC Capital Markets to discuss recent inflation metrics, the labour market, and the potential timing and sequencing of rate cuts from the Bank of Cana...

What is the Sahm Rule and what does it mean for the US labour market and economy? In this episode, hosts Matthew Schnurr and Dustin Reid are joined by Dr. Claudia Sahm , Founder of Sahm Consulting and former Principal Economist at the Federal Reserve Board. Dr. Sahm explains how the Sahm Rule can be used as an early indicator of a recession, how the robustness of the US labour market can provide a...

Are we heading towards a global economic downturn? In this episode, hosts Matthew Schnurr and Dustin Reid are joined by Francois Trahan , President of Trahan Macro Research, who shares his insights on the economy and market trends for 2024. Francois examines how the Fed’s rate hikes could lead to a potential recession and how a soft-landing scenario seems unlikely. This episode was recorded on Jan...