# Thinking Through Tier 2

Page: https://stenobird.com/podcast/rbc-s-markets-in-motion-617578/thinking-through-tier-2
Text version: https://stenobird.com/podcast/rbc-s-markets-in-motion-617578/thinking-through-tier-2.md
Podcast: [RBC's Markets in Motion](https://stenobird.com/podcast/rbc-s-markets-in-motion-617578)
Published: 2026-03-30T18:35:00+00:00
Episode link: https://www.rbccm.com/en/insights/markets-in-motion.page
Audio file: https://episodes.captivate.fm/episode/80db284e-de91-4542-a1b7-78e1b265b548.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/rbc-s-markets-in-motion-617578/episodes/thinking-through-tier-2
Duration seconds: 481

## Resource

The big things you need to know: First, the tactical indicators we’ve been tracking to gauge when equity investors’ fears may have gone too far continue to show signs of significant deterioration but are not yet pointing to extreme fear suggesting more downside in stocks remains possible in the near term. Second, other things that jump out include new stress tests on our valuation/EPS model, the latest C-suite tone, the signals from our US GDP model for the S&P 500 if consensus forecasts start to erode, and evidence of derisking in equities in the latest funds flows data.

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/rbc-s-markets-in-motion-617578/episodes/thinking-through-tier-2/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/rbc-s-markets-in-motion-617578/thinking-through-tier-2.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.