Episode
Resilience With a Dose of Caution
- Podcast
- RBC's Markets in Motion
- Published
- Apr 27, 2026
- Duration seconds
- 445
- Processing state
not_requested- Canonical source
- https://www.rbccm.com/en/insights/markets-in-motion.page
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Summary
The big things you need to know: First, the three things that stuck out to us in our review of earnings calls last week included outlooks that emphasized resiliency but contained a dose of caution, the conversation on Iran war impacts (present and future) getting underway, and descriptions of cautious but stable consumers. Second, with US equities breaking out to a new 2026 high relative to non-US equities, we note that valuations suggest there’s room for this trade to run and that weak earnings revisions breadth is not a problem unique to the US. Third, funds flows are shifting back to Financials and Growth, which we think makes sense from a valuation and earnings growth perspective.