Three big things you need to know: First, earnings season is winding down with a disappointing feel to us on the stats, though it’s admittedly not driving price action right now. Second, in our transcript reading, a mixed macro and consumer remained in focus, as companies began to highlight key policy issues they are watching post election. Third, positioning in US equity futures, for both the S&P 500 and Russell 2000, looks stretched. Valuations have some room to run, but not a ton.
By Lori Calvasina
Published November 12, 2024 | 1 min read
Published November 12, 2024 | 1 min read
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Lori Calvasina
Managing Director & Global Head of Equity Strategy, RBC Capital Markets