2Q24 Reporting Season Is A Key Test For The Rotation Trade

In today's podcast, we discuss how we see 2Q24 reporting season as a key test for the rotation trade that attempted to start up again last week.

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By Lori Calvasina
Published July 16, 2024 | 5 min read

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.

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Lori Calvasina
Lori Calvasina
Managing Director & Global Head of Equity Strategy, RBC Capital Markets

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