Defensive Backdrop To Earnings
By Lori Calvasina
Published July 14, 2020 | 5 min listen
In this edition, Lori discusses updates her thoughts on some of the more important daily and weekly indicators that she tracks. Four big things she’s learned over the last week: (1) The S&P 500 has been surging, but defensive undertones remain. (2) A pivotal earnings season is underway, in which we see risk of downward revisions. (3) Signs of stress remain in short-term indicators. (4) Stocks are starting to trade more in sync with Biden’s chances of winning in November than Trump’s.
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.
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