Two big things you need to know: First, we see 2Q24 reporting season as a key test for the rotation trade that attempted to start up again last week. Second, we remain worried about a pullback in the S&P 500 given the latest developments on our sentiment and positioning work, but timing seems a bit more complicated due to last week’s CPI print and surge in optimism on Fed cuts.
By Lori Calvasina
Published July 16, 2024 | 5 min read
Published July 16, 2024 | 5 min read
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Lori Calvasina
Managing Director & Global Head of Equity Strategy, RBC Capital Markets