The Living Market Podcast

Hosted by IG Wealth Management

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Episodes

100

Latest episode

Aug 2026

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About the show

Hosted by Philip Petursson, Chief Investment Strategist at IG Wealth Management

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60 recent

August 20, 2026Episode 22111 min

The case for rate cuts is shrinking

What if the Bank of Canada's next move is not a cut? Philip Petursson, Chief Investment Strategist at IG Wealth Management, makes the case that the conversation around Canadian interest rates has shifted fundamentally. With the economy improving, the mortgage renewal shock easing and inflation showing signs of moving in the wrong direction, he explains why the balance of risk is now tilting toward higher rates and what that means for bonds, the Canadian dollar and investor portfolios.

August 14, 2026Episode 2208 min

What might an interest rate hike mean for the markets?

For two years, everyone asked when the next rate cut was coming. Now the question has flipped: what if the next move is a hike? Philip Petursson, Chief Investment Strategist at IG Wealth Management, went back to 1958 to study what actually happens to stocks after a first rate hike. The answer is not what most investors expect. Philip explains what history tells us about the move everyone is now bracing for and why the first hike and the last hike in a cycle are two very different stories.

August 6, 2026Episode 2196 min

What great manufacturing data means for the markets

The U.S. goods cycle is turning, and it has implications well beyond American factories. Ashish Utarid, Assistant Vice-President, Investment Strategy at IG Wealth Management, explains what a remarkably strong monthly survey of U.S. factory purchasing managers tells us about where earnings growth is headed, what it means for Canadian equities and why history says the current cycle still has room to run.

July 29, 2026Episode 2184 min

In this market, perspective is everything

When markets move sharply, the instinct is to look at the numbers. Ashish Utarid, Assistant Vice-President, Investment Strategy at IG Wealth Management, argues the real question is whether the story behind those numbers has changed. He explains why valuation isn't a timing tool but a measure of how far things can move, and why the same market moment can look completely different, depending on where you're standing.

July 23, 2026Episode 2176 min

Valuation is a thermometer, not a clock

Astronomers predicted the April 2024 solar eclipse to the second. Not one of them can tell you what the S&P 500 will do next Tuesday. That gap, says Philip Petursson, Chief Investment Strategist at IG Wealth Management, is the point. Right now, the CAPE ratio, a widely followed measure that compares the total value of the U.S. stock market against the size of the U.S. economy, is at an all-time high, and the headlines are getting louder. Philip explains why that number is less alarming than it sounds, why measures like this are reliable guides for long-term returns but almost useless when predicting short-term market movements, and what valuation is genuinely useful for.

July 16, 2026Episode 2168 min

Five market insights, one podcast

This week, a different format. Philip Petursson, Chief Investment Strategist at IG Wealth Management, runs through five market insights in one episode: why earnings expectations are the highest they've been in years; what June's soft inflation statistic does and doesn't tell us; why roughly four in ten S&P 500 stocks were down 20% or more from their highs, even as the index hit records; why the calendar gets tougher from here; and why record profit margins raise the bar for everything that follows. One thread ties it all together: expectations are high everywhere you look, and the next two months will tell us whether reality can clear them.

July 9, 2026Episode 2154 min

The perfect predictability of unpredictability

Nobody's bracket survives the World Cup. And nobody's market thesis survived the first half of 2026 either, says Philip Petursson, Chief Investment Strategist at IG Wealth Management. All seven Magnificent Seven stocks are trailing the S&P 500 at the halfway mark, while emerging markets and Canada have been the tournament's surprise winners. He explains what changed with the tariff shock of April 2025, why favourites are still good teams but not a plan on their own and why owning the whole field is the only strategy that keeps you in every round.

July 2, 2026Episode 2146 min

2026 update: a tale of two markets

The headlines in the first half of 2026 were loud: a war in Iran, oil above $100 a barrel, inflation concerns and a weakening consumer. None of it was enough to derail markets, says Philip Petursson, Chief Investment Strategist at IG Wealth Management. He breaks down the earnings and economic backdrop that drove returns across U.S., Canadian and international equities, explains why Canada and the U.S. are now heading in opposite directions on interest rates, and makes the case that any volatility in the second half of 2026 may turn out to be an opportunity.

June 24, 2026Episode 2135 min

What's weighing on the Canadian dollar?

While investors were focused elsewhere, the Canadian dollar quietly fell almost 5% against the U.S. dollar over the past two months. Philip Petursson, Chief Investment Strategist at IG Wealth Management, explains the two forces driving that weakness: falling oil prices and a widening gap between Canadian and U.S. interest rates. With the Bank of Canada likely to shift its focus from inflation to a slowing economy, and the U.S. Federal Reserve expected to raise rates further, his view is that the pressure on the loonie may not be over.

June 18, 2026Episode 2127 min

Has the market run out of things to worry about?

Markets don't climb because everything is fine. They climb because everyone is convinced it isn't, says Philip Petursson, Chief Investment Strategist at IG Wealth Management. He explains why the wall of worry that carried markets through the first half of 2026 has largely come down, and why that shift raises a simple question: what will carry the markets from here? He breaks down what history says about mid-term elections, why earnings remain the real floor under this market, and why the set-up for the second half of the year is more constructive than many investors might expect.