Welcome to Global Thinking, the podcast where we explore the intersection of global macro investing, geo-political tensions, and financial advice. Join our host Rob Duncan, as they guide you through the complex world of personal finance and help you navigate the ever-changing landscape of global markets. Every month we bring on top experts to share their insights and perspectives on the latest trends and events shaping the global economy. Whether you're an experienced investor or just starting out, this podcast is your go-to resource for understanding how to manage your wealth in a rapidly changing world. So sit back, relax, and join us for an engaging and thought-provoking conversation on Global Thinking.
Bond yields are surging. Oil prices remain elevated. Tariffs, geopolitics and inflation continue to dominate the headlines. Investors are stressed. And yet, the bull market keeps going.
So what exactly are investors supposed to make of all this?
In this episode of the Global Thinking Podcast host, Rob Duncan, sits down with Forstrong CIO, Tyler Mordy, to separate the signals that matter from the headlines that don't.
They tackle the return of 5% bond yields, why today's interest rates may be far less extraordinary than they appear, and why strong economic growth and corporate profits tell a very different story than the one dominating financial headlines.
But the conversation quickly gets bigger than bonds. Rob and Tyler discuss the lingering psychological scars of the Global Financial Crisis and pandemic, why investors repeatedly become fixated on the latest macro shock, the upcoming U.S. midterms, and why bad news can lead to bad investment decisions.
They also explore Forstrong's broadening bull market thesis and opportunities beyond the usual market leaders, including emerging-market debt, gold miners and a market Tyler believes investors are still largely ignoring: Japan.
The world has never been short of things to worry about.
The harder question for investors is knowing which ones actually matter.
Chapters
01:06 What's moving markets?
02:00 Why bond yields are surging
05:03 Can the economy handle higher rates?
07:28 Why investors are so stressed
08:08 From TINA to TARA and CINDY
11:15 Bad news and big portfolio mistakes
12:55 U.S. midterms and market volatility
15:36 Investor scar tissue and the wall of worry
18:34 The broadening bull market
19:44 Gold miners and emerging-market debt
20:39 Why Tyler is bullish on Japan
23:36 Closing thoughts
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, rduncan@forstrong.com
13 Aug 2026
Signal or Noise? Staying Cool in a Hot Money World
A young hedge fund manager built his entire investment thesis around one idea: artificial intelligence would reshape the world. His conviction was so strong he named his fund Situational Awareness. For a while, it looked brilliant. Then reality intervened.
What does that teach investors today?
In this episode of the Global Thinking Podcast, Rob Duncan sits down with Forstrong CEO and CIO Tyler Mordy to discuss his latest paper, Situational Unawareness: Staying Cool in a Hot Money World, and why today's biggest investment challenge isn't a lack of information. It's knowing which signals deserve your attention and which headlines are simply noise.
From the war in Iran and volatile oil prices to gold, inflation, interest rates and the AI boom, Rob and Tyler examine the stories dominating markets and explain which ones are likely to have lasting investment implications. They also explore why leadership within AI is broadening beyond the Magnificent 7, how Asia is becoming increasingly central to the semiconductor supply chain, and whether investors should be looking beyond the United States for the next generation of market leaders.
The conversation concludes with a practical discussion about portfolio positioning in an environment where information travels instantly, narratives change overnight, and adaptability may be the most valuable investment skill of all.
Because in today's markets, the greatest edge isn't predicting the future. It's knowing what actually matters.
Chapters
00:00 Introduction
01:07 Situational Unawareness: Why Investors Miss What Matters
05:18 Iran, Oil and Why Markets Stayed Calm
10:42 Gold, Inflation and the New Economic Reality
16:28 Kevin Warsh and the Future of Interest Rates
22:14 AI's Next Chapter: Beyond the Magnificent 7
28:46 The Chip Boom: Why Asia Is Becoming the AI Powerhouse
35:20 Is the Great Rotation Finally Here?
41:18 Canada: Recession, Resilience and Productivity
47:52 The Rise of the Rest: Europe, Japan and Emerging Markets
54:40 What Investors Are Still Getting Wrong
59:35 Portfolio Positioning: Staying Cool in a Hot Money World
1:04:30 Final Thoughts: Signal Over Noise
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, rduncan@forstrong.com
26 Jun 2026
The Great Rebuilding: Why the World Is Changing Faster Than Markets Realize
In this episode of the Global Thinking Podcast, Rob Duncan sits down with Forstrong CEO and CIO, Tyler Mordy, to unpack one of the biggest investment themes of 2026: The Great Rebuilding.
While investors have spent the year reacting to wars, tariffs, inflation scares, and shifting central bank expectations, Tyler argues these aren't isolated events. They're all part of a much larger transformation taking place beneath the surface of the global economy.
From rebuilding supply chains and defence capabilities to massive investments in AI infrastructure and energy security, governments and corporations around the world are entering a new era of capital spending. At the same time, investors are beginning to question long-held assumptions about U.S. exceptionalism as international markets take on a greater leadership role.
Rob and Tyler discuss:
Why "The Great Rebuilding" could define the next decade
Kevin Warsh, the Federal Reserve and the outlook for interest rates
Why inflation may remain more persistent than investors expect
The challenge to U.S. market leadership
Korea, Taiwan and the resurgence of international markets
AI's infrastructure boom and what investors are missing
Canada's economic outlook and why productivity still matters
What today's headlines really mean for long-term portfolios
Every week brings another crisis, another tariff, another geopolitical shock. Yet markets keep moving higher. Why? Because the biggest story isn't the latest headline. It's the rebuilding of the global economy happening underneath it all.
Thanks for listening.
Time Stamps
01:07 Welcome back to Global Thinking
02:33 The first half of the year in two words: The Great Rebuilding
05:15 Kevin Warsh, the Fed and why higher-for-longer rates may be here to stay
09:10 Inflation isn't dead. Why markets may be underestimating inflation risk.
13:20 The challenge to U.S. exceptionalism
17:45 Korea, Taiwan and why international markets are quietly taking leadership
22:10 AI isn't just a technology story. It's an infrastructure boom.
26:30 Canada's technical recession and productivity problem
31:00 Iran, oil shocks and why markets didn't panic
35:40 What investors should actually be doing today
39:30 Final thoughts: What could surprise investors over the next year?
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, rduncan@forstrong.com
Who has been a guest on Global Thinking
Names identified in recent episode analyses. Showing up to five guests.
David Kletz
David Klutz
Joe Nelesen
Tyler Mordy
Nimar Bangesh
Podcast Authority Score: 48 / 100
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Rob Duncan host the show. Published by Forstrong Global Asset Management.
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