Individual Investors Bounce Back, As Earnings Season Ramps Up
By Lori Calvasina
Published October 26, 2021 | 6 min listen
In this episode, we review our latest thoughts on investor sentiment and 3Q21 earnings season. The big things you need to know: First, in terms of investor sentiment, optimism continued to build among individual investors last week, while institutional investor positioning stabilized. Second, reporting season stayed “good enough” for the stock market to keep moving up last week. Strong beat rates and company commentary that emphasized the strength of underlying demand and the ability of many (though not all) companies to manage through inflation and supply chain pressures allowed the S&P 500 to make a new high, even though the few companies that did miss lagged sharply.
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 PodcastRBC PodcastStock Market News