When it comes to Canada, it's not about tariffs or political headlines making the rounds these days.

The real focus is the Canadian Dollar.

With nearly a 10% weighting in the Dollar Index $DXY, CAD is a crucial piece of the broader currency puzzle.

CAD/USD is pressing against a decade-long support zone, hovering around a key level that triggered strong reversals in 2016 and 2020.

Every year, without exception, there's always a new headline, a fresh "fear," or just another reason to sell.

Whether it's a new geopolitical tension, economic concerns, or the latest updates on DeepSeek and tariffs, there's always something that seems to provide something to “worry about.”

But here’s the truth. Investors have dealt with headlines like these for decades. It’s nothing new.

Our friend Ryan Detrick put together a great chart that perfectly illustrates this point.

Another international theme on my radar right now is European banks.

These stocks serve as a strong gauge of global risk appetite. Typically, when they perform well, risk assets are in good shape.

The European Financials Index $E1FIN just closed the month at its highest level since the Great Financial Crisis.