A Little More Room
By Lori Calvasina
Published May 10, 2021 | 7 min listen
This week in the podcast, Lori discusses the latest changes to her S&P 500 forecasts. Earlier this week, we lifted our 2021 S&P 500 price target to 4,325, up from 4,100. We also raised our 2021 and 2022 S&P 500 EPS forecasts, baking in a moderate increase in the corporate tax rate to the latter. Our bottom line: we see a little more room for stocks to climb higher this year, but we also continue to expect a pullback/heightened volatility before the year is done, capping that upside.
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.
Lori Calvasinaesp forecastsmarkets in motion podcasts&p 500
