April 2025 Podcasts

Liberation Day Fallout

In this podcast, Nucleus Wealth's Chief Investment Officer, Damien Klassen and Chief Strategist, David Llewellyn-Smith, look at what we know about Trump’s new tariffs, what they mean for the stock market and our thoughts on the market effect.

Agenda: 

• Higher prices, supply shock
• One round or multi-round: Beggar thy neighbour, escalating tariffs
• Cross-fire: US & China trying to increase manufacturing, rest of the world squashed
• Exclusions: Copper semis, pharmaceuticals, lumber
• China: worst affected
• Mar-a-lago Accord: matches “blueprint”
• Economies and markets

Watch the episode here.

Anatomy Of A Market Bottom

In this podcast, Nucleus Wealth's Chief Investment Officer, Damien Klassen, dive into the factors we are looking for to show that the market may have bottomed. What are the long-term valuation metrics and how should investors be thinking about them?

Agenda:

• What are the fundamentals?
• Shiller PE
• Dividends
• Valuation metrics / risk-free rate
• Valuation metrics / forward earnings
• Valuation metrics / buybacks / dividends
• Price / Sales or Price / Book

Watch the episode here.

Has The Dust Settled Yet?

In this podcast, we left the topic open with the view that Trump would probably say or do something big. And Trump delivered.

Nucleus Wealth's Chief Investment Officer, Damien Klassen and Chief Strategist, David Llewellyn-Smith, discuss the latest in tariff wars and what the issues will be.

Agenda:

• Positives
• Negatives
• Big Picture: A new world order

Watch the episode here.