Back to Reality

Update: 2024-09-04

Description

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.

Comments

Top Podcasts

The Best New Comedy Podcast Right Now – June 2024 The Best News Podcast Right Now – June 2024 The Best New Business Podcast Right Now – June 2024 The Best New Sports Podcast Right Now – June 2024 The Best New True Crime Podcast Right Now – June 2024 The Best New Joe Rogan Experience Podcast Right Now – June 20 The Best New Dan Bongino Show Podcast Right Now – June 20 The Best New Mark Levin Podcast – June 2024

In Channel

Thoughts On The S&P 500 Following The Fed, Plus A Few Other Updates

2024-09-2304:48

Small Caps’ Good Day, US Election Policy Read Throughs

2024-09-1606:49

Employment Uncertainty Growth, Election Uncertainty Persists

2024-09-0908:28

Back to Reality

2024-09-0405:39

Odds & Ends To End The Summer

2024-08-2104:32

Pressure Release

2024-08-1307:35

Monitoring Earnings, The Rotation Trade, and The Pullback

2024-07-3008:09

Sentiment, Earnings, Rotation, and the US Election

2024-07-2205:30

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

2024-07-1605:26

Some of the Things We're Thinking About in US Equities as 2H24 Begins

2024-07-0208:10

Steady C-Suite Confidence, What’s Baked in, Flows Argue for Rotation

2024-06-2506:22

Gold – Some Caution Warranted

2024-06-2108:02

Mega Cap Growth Surges, As Small Caps Sink

2024-06-1706:47

Special Edition - A Conversation on Concentration, Retail, Energy & Utilities

2024-06-0623:19

Old Leadership Bounces Back With A Vengeance

2024-06-0406:19

Stuck In Neutral For Now

2024-05-2905:59

Right Back Where We Started From

2024-05-2106:03

Earnings Ending Up Fine with a Twist, Bulls Bounce Back

2024-05-1405:44

Updates on Reporting Season, Sentiment, Small Caps

2024-05-0707:17

Analyst Survey Results Point To Optimism & Rotation, US Sector Call Changes

2024-04-2404:26

00:00

#box-pro-ellipsis-172756899309439{-webkit-line-clamp:2;}Back to Reality

Back to Reality

RBC Capital Markets

Back to Reality