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Terry Evans and Patrick Leonard discuss the current state of the market, the impact of geopolitical events on investments, and a review of the Alberta budget. They analyze recent market trends, the significance of oil prices, and the implications of government spending and deficits on the economy. The discussion emphasizes the importance of understanding investment portfolios and preparing for market volatility. Takeaways The market experienced a significant drop due to geopolitical tensions. Bonds are crucial for forecasting long-term market outlooks. Investors should be prepared for geopolitical risks before they occur. A diversified portfolio mitigates the impact of market volatility. Oil prices are a key factor in economic forecasts and budgets. Alberta is facing a sizable budget deficit due to low oil prices. Higher oil prices could benefit Alberta's economy in the short term. Understanding what you own in your portfolio is essential for investors. Government spending in Alberta is increasing, particularly in education and healthcare. The economic impact of the Alberta budget will be felt more next year. Chapters 00:00 - Market Overview and Recent Trends 05:50 - Geopolitical Impacts on Investments 09:49 - Alberta Budget Review and Economic Implications www.patrickmleonard.com @reluctantlypodcast @ZoneOnePodcast #markettrends #geopoliticalrisk #Albertabudget #investmentstrategies #oilprices #economicoutlook #inflation #wealthmanagement #financialadvisory #risktolerance