Back to Reality

As we return from the Labor Day holiday weekend in the US, we find that major challenges for US equities are still lurking. Listen now.

Listen and Subscribe on:

Apple PodcastsSpotify PodcastsGoogle Podcasts
By Lori Calvasina
Published September 5, 2024 | 1 min read

Two big things you need to know: First, as we return from the Labor Day holiday weekend in the US, we find that major challenges for US equities are still lurking. We remain confident in our 5,700 YE 2024 S&P 500 price target, but acknowledge the challenges that must be worked through. Second, other updates from our high frequency indicators keep us in the camp that believes the US economy is slowing but isn’t on the cusp of an outright downturn. Overall, we continue to take comfort in earnings and economic data.

View audio transcript


Our Experts

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

Stay Informed

Get the latest insights and news from RBC Capital Markets delivered to your inbox.