Wong’s World: Where Healthcare Meets Hardware
Scotia Wealth’s Stan Wong bets big on silver, healthcare, and AI as market momentum builds in June 2025.

North American equity markets are back in rally mode, and Stan Wong is riding the wave with confidence. The veteran portfolio manager at Scotia Wealth Management has zeroed in on high-conviction plays that reflect both stability and opportunity in today’s evolving macro landscape. With the S&P 500 surging more than 20% from the April lows and the Nasdaq climbing over 28%, investor sentiment has clearly shifted. Fears of a looming recession are dissipating, inflation data continues to ease, and corporate earnings have proven surprisingly resilient.
Add in the U.S. Federal Reserve’s decision to keep interest rates steady, and you've got the perfect recipe for renewed market confidence. Wong, never one to chase hype, is staying laser-focused on high-quality companies with strong fundamentals, healthy balance sheets, and long-term moats. His approach blends discipline with foresight, aiming to capitalize on both structural tailwinds and market dislocations.
Silver’s Breakout Moment
Wong’s first top pick is a strategic metals play that has long flown under the radar but is now making a bold comeback. The iShares Silver Bullion ETF (SVR.TO) has surged past the US$35 per ounce threshold, shattering a decade-long technical ceiling and reigniting interest in the often-overlooked metal. Historically, silver has played second fiddle to gold in the precious metals narrative, but that dynamic may be shifting fast. Wong points to the gold-to-silver ratio, which still hovers near 90:1 — far above its historical average. That kind of disparity, he notes, has often signaled the beginning of a silver surge.
The macro case for silver is compelling. Demand is accelerating as green energy transitions gain steam. Silver plays a critical role in solar panels, electric vehicles, and next-generation electronics. On the supply side, global mine output remains constrained, tightening the balance and fueling the bullish thesis. For Canadian investors, SVR.TO offers an added benefit: it’s hedged against U.S. dollar fluctuations, providing clean exposure without currency headaches. Wong sees the metal not just as a value play, but as a volatility hedge, a diversification tool, and a potential inflation buffer — all wrapped into one glittering package.
