Five Good Things We See In The Data

By Lori Calvasina
Published January 31, 2022 | 6 min listen

This week in the podcast, we run through five good things we’re seeing in the data right now for the broader US equity market right now. First, bottom up 2022 and 2023 EPS forecasts have been holding steady. Second, the contraction in the S&P 500 forward P/E is in line with past Fed tightening periods. Third, the valuation gap between the most expensive and least expensive stocks is getting close to pre-pandemic levels. Fourth, retail investor sentiment is back to pandemic lows. Fifth and finally, Small Cap futures positioning is on the cusp of net short territory, and isn’t too far above where it bottomed in March 2020.

Disclosures and Disclaimers

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Lori Calvasina

Lori Calvasina
Managing Director & Head of U.S. Equity Strategy, RBC Capital Markets

Lori Calvasinaequity marketmarkets in motion podcastrbc podcaststock market news

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