
The War in Minneapolis
Author: Greg Valliere
January 26, 2026
Most legislative business in Washington is about to cease, as both parties grapple with the violence in Minneapolis.
The graphic street battles have horrified politicians in this city, who are demanding a response — most likely starting with a refusal by Democrats to pass a budget bill by the Jan. 30 target.
Dozens of Democrats are planning to fly to Minneapolis later this week, and they are prepared to shut down the government if there’s no progress.
Republicans, on the other hand, are pushing the White House to invoke the Insurrection Act, which could send thousands more federal troops into the city.
Democrats are talking openly about an impeachment — probably Homeland Security Secretary Kristi Noem. Some Democrats want to impeach Trump but that won’t happen.
Trump will try to lower the temperature but it may be too late — the GOP is headed for a substantial defeat in the fall elections.
The only positive development is the lack of civil unrest in Los Angeles or other major cities where immigrants are seething. But if there are more shootings without investigations the unrest could spread.
For Trump, this may be the greatest threat to his presidency, and we suspect he knows he has to change the subject — fast.
What would get Minneapolis off the front pages? An oil embargo and other sanctions against Cuba, which may be Washington’s next target.
The views expressed in this blog are provided as a general source of information based on information available as of the date of publication and should not be considered as personal investment advice or an offer or solicitation to buy and/or sell securities. Speculation or stated believes about future events, such as market or economic conditions, company or security performance, or other projections represent the beliefs of the author and do not necessarily represent the view of AGF, its subsidiaries or any of its affiliated companies, funds or investment strategies. Every effort has been made to ensure accuracy in these commentaries at the time of publication; however, accuracy cannot be guaranteed. Market conditions may change and AGF accepts no responsibility for individual investment decisions arising from the use of or reliance on the information contained herein. Any financial projections are based on the opinions of the author and should not be considered as a forecast. The forward looking statements and opinions may be affected by changing economic circumstances and are subject to a number of uncertainties that may cause actual results to differ materially from those contemplated in the forward looking statements. The information contained in this commentary is designed to provide you with general information related to the political and economic environment in the United States. It is not intended to be comprehensive investment advice applicable to the circumstances of the individual.
AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). AGFI is registered as a portfolio manager across Canadian securities commissions. AGFUS is a registered investment advisor with the U.S. Securities Exchange Commission. AGFIA is regulated by the Central Bank of Ireland and registered with the Australian Securities & Investments Commission. The term AGF Investments may refer to one or more of these subsidiaries or to all of them jointly. This term is used for convenience and does not precisely describe any of the separate companies, each of which manages its own affairs.
About AGF Management Limited
Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.
AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.
Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. AGF serves more than 800,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.
For further information, please visit AGF.com.
©2026 AGF Management Limited. All rights reserved.




