The Dog Days of Summer
By Lori Calvasina
Published August 24, 2021 | 6 min listen
This week in the podcast, we provide an end of summer update on our earnings transcript review and the high frequency economic, sentiment, and virus indicators that we track. We also offer a few thoughts on what tapering means for US equity markets. Three big things you need to know: (1) Last week’s earnings calls provided an important reminder about the strength of the consumer. (2) The reflation trades remain tethered to COVID trends. (3) We think equity investors have already priced in tapering to a significant degree, given the underperformance of Value and Small Cap that we saw earlier this summer.
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.
Equity MarketLori CalvasinaMarkets in Motion PodcastPodcast