Weekly Strategy Perspectives: Seeking Sanity in a World Gone Delulu

“Delulu: a play on the word delusional, means ‘believing things that are not real or true, usually because you choose to.’ ”
– Oxford Dictionary August 2025 update.ⁱ

The Through Line: In what would normally be a quiet march toward a late summer holiday weekend, the (headline) hits just keep coming. Questions abound re Fed independence and data reliability; deployment of troops to U.S. cities and the South Caribbean; unconventional government stakes in private businesses and profit streams; a fresh round of tariffs on furniture and secondary levies on India. Oddest of all: despite the anxiety-laced news feed, U.S. and Canadian equity markets remain near all-time highs. The cognitive dissonance is downright jarring. Post-Labor Day, we expect the news flow to remain fraught and so offer a few tips to help keep everything in perspective.

To read the full report, click here.


ⁱ Cambridge Dictionary adds skibidi, delulu and tradwife | Cambridge University Press & Assessment

BMO Private Wealth is a brand name for a business group consisting of Bank of Montreal and certain of its affiliates in providing private wealth management products and services. Not all products and services are offered by all legal entities within BMO Private Wealth. Banking services are offered through Bank of Montreal. Investment management, wealth planning, tax planning, philanthropy planning services are offered through BMO Nesbitt Burns Inc. and BMO Private Investment Counsel Inc. If you are already a client of BMO Nesbitt Burns Inc., please contact your Investment Advisor for more information. Estate, trust, and custodial services are offered through BMO Trust Company. BMO Private Wealth legal entities do not offer tax advice. BMO Trust Company and BMO Bank of Montreal are Members of CDIC.

^® Registered trademark of Bank of Montreal, used under license.