Dehal Investment Partners of Raymond James Ltd.

Great to be back on BNN Bloomberg today discussing what’s driving markets and why investors should pay close attention to the growing narrowness in this rally.

While markets continue to push higher, leadership remains concentrated in a smaller group of names. History shows that when market participation narrows, it can signal increased risk and volatility ahead.

We discussed:

• Why market breadth matters and what it tells us about the health of the rally
• Potential risks investors should be monitoring in the months ahead
• The importance of remaining disciplined and focused on long-term fundamentals

In environments like this, staying diversified and focused on quality matters more than ever.

Thank you to the BNN Bloomberg team for having me.

Markets no longer move on fundamentals alone.

Geopolitics, policy shifts, global tensions, and capital flows are increasingly shaping investment outcomes.

Honoured to be speaking at the Opal Group Family Office Private Wealth Summit in Toronto on how these forces are influencing Canadian family office allocations across public and private markets.

Looking forward to the conversation.

I had the opportunity to join BNN Bloomberg today to discuss the strong market rally driven by growing optimism around a potential Middle East peace deal and continued momentum in AI-related stocks.

Markets are reminding investors that sentiment can shift quickly when geopolitical risks ease and innovation continues to drive earnings growth. AI remains one of the market’s biggest themes, while investors are also watching how lower oil prices and improving risk appetite could support broader equities moving forward.

Volatility is still part of the backdrop, but this environment continues to reward disciplined investors focused on long term opportunities and high quality companies.

Markets continue their record run but underneath the surface, the story is getting more interesting.

Today on BNN Bloomberg, we discussed:

✔️ Strong U.S. bank earnings setting the tone for a solid Q1
✔️ Big Tech momentum with deals like Meta and Broadcom reinforcing the AI buildout
✔️ And one of the wildest market stories right now, Allbirds pivoting from sneakers to AI compute

In a market driven by narratives, liquidity, and AI enthusiasm, we’re seeing just how powerful and sometimes irrational sentiment can be.

Stay disciplined. Focus on fundamentals. And don’t get caught chasing the story.

The latest US jobs report came in stronger than expected, with payrolls rising by 178k and unemployment ticking down to 4.3%.

At first glance, the labor market appears resilient. But beneath the surface, a different story is emerging.

Unemployment remains steady, yet job openings continue to trend lower. This signals a cooling in labor demand rather than a sharp deterioration. At the same time, wage growth is moderating, suggesting easing inflation pressures.

What does this mean for markets and the economy?

📈 The economy is still expanding, supported by continued job creation
🧊 Slower hiring and softer wage growth point to a gradual normalization
📉 Inflation pressures from labor are easing, but so is momentum in consumer spending

The broader takeaway: we are likely in a late cycle phase of slowdown and normalization rather than reacceleration.

For policymakers, this keeps the path forward data dependent. For investors, it reinforces the importance of staying disciplined and focused on long term positioning in an environment where growth is moderating, not collapsing.

Disciplined. Active. Intentional.

In a world of noise, we choose precision.
In moments of volatility, we lead with conviction.

At Dehal Investment Partners, our approach is rooted in disciplined active investment management, combining strategy, patience, and a long term vision to navigate markets with purpose.

Equally, our commitment to client service remains unwavering, defined by trust, discretion, and a truly personalized experience.

Freedom to flourish. That is the standard.

🌐 dehalinvestments.com

Many dental practice owners focus on growing their practice, but fewer focus on structuring their financial future.

In our latest article with Oral Health Group, we break down the top 10 financial planning strategies for established Canadian dental practice owners, focused on optimizing growth, protecting wealth, and preparing for long term transitions.

We covered:

✔️ Tax efficient structuring of your practice and personal finances
✔️ Disciplined cash flow management and reinvestment
✔️ Building strong balance sheets and liquidity
✔️ Planning for succession, transition, or sale
✔️ Aligning your practice with long term wealth goals

Dentistry today requires not just clinical excellence, but a clear financial strategy. Those who plan ahead will be better positioned to navigate uncertainty and take advantage of opportunities.

Full article here: https://www.oralhealthgroup.com/features/top-10-financial-planning-strategies-for-established-canadian-dental-practice-owners/

Oral Health Group

Markets often focus on what central banks do.
This decision was more about why they're waiting.

With rates on hold, the Bank of Canada continues to balance cooling economic momentum against lingering inflation and external shocks. The result is a narrower policy path and a tighter margin for error.

For investors, this reinforces a familiar theme in 2026:

✔ Stable policy
✔ Fragile confidence
✔ Elevated importance of diversification and risk management

Short‑term certainty remains elusive, but long‑term discipline still wins.