Thoughts on Friday’s CPI Print & US Equities
By Lori Calvasina
Published June 14, 2022 | 7 min listen
This week in the podcast, some quick thoughts on US equities in the aftermath of Friday’s hot CPI print and subsequent sell-off. Three big things you need to know: First, the recent rise in long-run inflation expectations in the University of Michigan Consumer Sentiment Survey suggests that Value oriented sectors may continue to lead for a bit longer. Second, our look back at the historical playbook for US equities around recessions provides some insight into how low the S&P 500 could go. Third, our weekly sentiment indicators continue to highlight the deeply negative views that already pervade the investment community.
Lori Calvasina
Managing Director & Head of U.S. Equity Strategy, RBC Capital Markets
Lori Calvasina joined RBC Capital Markets as Head of U.S. Equity Strategy in 2017 as a Managing Director. Having spent nearly two decades as an equity strategist at major investment banks, Lori is an expert on the US stock market, and regularly represents RBC in the financial media on Bloomberg and CNBC. Prior to joining RBC, Lori was a senior equity strategist at Credit Suisse from 2010 to 2017, covering Small/Mid Cap Strategy from 2010-2014 and both Small/Mid Cap and US Equity Strategy from 2015-2017. She spent the first ten years of her career at Citi in a variety of roles including lead Small/Mid Cap Strategist from 2007-2010. In both 2008 and 2009 Lori was ranked #2 in the Small Companies category in the Institutional Investor All America Research team poll. Lori is a graduate of the University of Virginia and its selective Government & Foreign Affairs’ Honors Program. In 2019, she was named to Crains New York’s list of Notable Women in Finance.
Consumer Sentiment SurveyLori CalvasinaMarkets in MotionRBC podcastUS Equities