Season 9 · Episode 2
The US Equity Market Exhales
RBC's Markets in Motion · RBC Capital Markets
March 24, 20256m 28s
Audio is streamed directly from the publisher (podcasts.captivate.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
The big things you need to know:
- First, trends in investor vibes were mixed last week, both in our quant work as well as last week’s investor conversations.
- Second, the median forward P/E for the S&P 500 has fallen sharply but remains well above average. We’ve also not yet seen significant adjustments to consensus EPS forecasts, which seems likely to keep confidence in P/E analysis low for now.
- Third, Small Caps (which have seen a greater degree of valuation correction) have continued to outperform Large Caps.