The Globe and Mail reports in its Wednesday edition that Brookfield is betting that wild swings in stock markets over the past month reflect "sentiment more than substance." The Globe's James Bradshaw writes that Brookfield chief executive officer Bruce Flatt and president Connor Teskey made the case that the $1-trillion (U.S.) asset manager is well insulated from turmoil caused by tariffs in a letter to shareholders with the company's first-quarter financials Tuesday. After making strong gains for most of the past year, Brookfield's share price fell sharply in March and early April, in step with the broader market. A week after U.S. President Donald Trump's "Liberation Day" tariffs announcement, Brookfield's shares had dropped by more than 30 per cent to $61.07 from a late-January peak of $88.51. Brookfield bought back more than two million shares in the first quarter. Brookfield's shares have regained some ground, and closed at $74.49 on Monday. Mr. Flatt and Mr. Teskey argued Tuesday that Brookfield is well insulated against the impact from tariffs, and poised to raise billions of dollars of new capital to invest in energy security, data capacity and onshoring in the face of more protectionist trade relationships.