Related Strategy & Insights
A Gameplan for the Trade War
So here we are. Just a few short months after his inauguration, U.S. President Donald Trump has fired the opening salvo of a global trade war.
While precise estimates on the new U.S. average effective tariff rate vary, there is broad consensus that it is well north of 20%. That is a stark difference from where it was a few months back (around 2-3%), and it signals a return for the U.S. to restrictive trade policies not seen since the days of the Great Depression just under a century ago.
The ‘Broadening Out’ Theme Is in Motion
Heading into this year, a sizeable contingent of investors anticipated a broadening out of momentum away from the ‘Magnificent 7’ stocks (Alphabet, Amazon, Apple, Meta Platforms, Microsoft, NVIDIA, and Tesla). From a sectoral perspective, that meant rotating away from Communications, Technology and Discretionary, and into sectors that offered potential value.
Related Trade Ideas & Podcasts
BMO Target Maturity Bond ETF Summary
Introducing BMO’s Target Canadian Corporate Bond ETFs (2027−2028−2029)
Podcast: Decoding Q1 Canadian Bank Earnings - March 10, 2025
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In this episode, special guest Sohrab Movahedi, ETF Strategist Bipan Rai, and your host, Skye Collyer, take a deep dive into Canada’s Big Six banks, from first-quarter earnings results to Trump’s tariffs and all the key themes in between. Skye Collyer is a Director of ETF Distribution at BMO Global Asset Management. She is joined on the podcast by Bipan Rai, Head of ETF Strategy, Exchange Traded Funds, at BMO Global Asset Management, and Sohrab Movahedi, Managing Director of Financials Research at BMO Capital Markets. This episode was recorded on Monday, March 10, 2025.
Podcast: A Deep Dive on Sector Investing - February 19, 2025
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What are the sectoral flows into and out of the Global Industry Classification Standards, or GICS, telling us? In this episode, special guest Michael Arone, ETF Strategist Bipan Rai, and your host, Erika Toth, delve into the leaders and laggards. They also look back at historical trends and ahead for potential opportunities.