6 min listen
Conversations From The Road, Part 2
ratings:
Length:
6 minutes
Released:
Jul 1, 2022
Format:
Podcast episode
Description
Today in the podcast, our thoughts on a few additional questions that we’ve been getting from equity investors in our recent travels across the US, a topic we also explored in our last podcast. Three big (new) things you need to know: First, equity investors have been asking us whether inflation has been good for stocks and earnings. We think that it has, and view moderating inflation as more of a headwind in the outlook for stocks than many investors may realize. Second, a number have asked our opinion on the low quality trade. We’ve reminded investors that low quality tends to outperform after the stock market has found its mid-recession bottom. We’d expect the same this time around for a short period of time. Third, a number have asked if we could dig deeper on our sector recession playbook analysis, and we’ve replicated it for the 24 industry groups. Areas that tend to outperform during recessions as well as the broader market drawdown and rebound phases include Commercial & Professional Services, Consumer Services, Materials, Retailing, and Transportation.
Released:
Jul 1, 2022
Format:
Podcast episode
Titles in the series (100)
Our Thoughts on the China-US Trade Relationship, Civil Unrest in the US, and Earnings by RBC's Markets in Motion