Why some investors are 'long confusion, short conviction' in shifting tariff environment

Open this photo in gallery: Amid tariff threats, some investors are reducing exposure to Canadian equities.Paige Taylor White/The Canadian Press During another destabilizing week in what's turning out to be a rather unhinged year, David Tulk described a relatable new investment approach. "I can't take credit for this line, but I think the best strategy today is long confusion and short conviction," said Mr. Tulk, global asset allocation portfolio manager with Fidelity Investments, at a Morningstar Inc. event in Toronto on Wednesday. Mr. Tulk was joking (not investment advice). But the line captured the mood on Day 2 of 25-per-cent…