{"podcast":{"title":"RBC's Markets in Motion","slug":"rbc-s-markets-in-motion-617578","podcast_index_feed_id":617578,"rss_url":"https://feeds.captivate.fm/rbcs-markets-in-motion/","website_url":"https://www.rbccm.com/en/insights/markets-in-motion.page","image_url":"https://artwork.captivate.fm/28ab7722-4814-4fbe-a2e8-8690e85b7811/UeA70CRVO3O_r9KS5AmNj-li.jpg","author":"RBC Capital Markets","episode_count":200,"summary":"Our regular podcast from Lori Calvasina, Head of US Equity Strategy, that brings a fresh perspective and nuanced, data driven view on the forces shaping U.S. equity markets. Disclaimer: https://www.rbccm.com/en/policies-disclaimers.page","last_synced_at":"2026-06-16T08:18:51.281592+00:00","page_url":"https://stenobird.com/podcast/rbc-s-markets-in-motion-617578"},"episode":{"title":"Baking in a Two-Speed Economy & EPS Backdrop into Our S&P 500 Forecast","slug":"baking-in-a-two-speed-economy-eps-backdrop-into-our-s-p-500-forecast","published_at":"2026-05-08T18:05:00+00:00","page_url":"https://stenobird.com/podcast/rbc-s-markets-in-motion-617578/baking-in-a-two-speed-economy-eps-backdrop-into-our-s-p-500-forecast","show_page_url":"https://stenobird.com/podcast/rbc-s-markets-in-motion-617578","url":"https://www.rbccm.com/en/insights/markets-in-motion.page","audio_url":"https://episodes.captivate.fm/episode/2f154692-026c-42f6-b1d7-9d50c9ed6383.mp3","summary":"The big things you need to know: First, we have lifted our 12-month-forward S&P 500 price target to 7,900, which represents a 7.7% gain from the May 7th close. In adjusting our forecast, we are focusing on our valuation/EPS model, which does the best job of baking in a two-speed economy and earnings backdrop. Second, on bigger-picture positioning, we continue to prefer Growth over Value, US over non-US, and like Small Caps (but not as much as Large Cap Growth). Our sector views are mostly unchanged, but we have lowered Health Care to market weight from overweight. Third, we run through the strong stats from 1Q26 reporting season.","meta_description":"The big things you need to know: First, we have lifted our 12-month-forward S&P 500 price target to 7,900, which represents a 7.7% gain from the May 7…","key_points":[],"chapters":[],"topics":[],"duration_seconds":335,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/rbc-s-markets-in-motion-617578/episodes/baking-in-a-two-speed-economy-eps-backdrop-into-our-s-p-500-forecast/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/rbc-s-markets-in-motion-617578/baking-in-a-two-speed-economy-eps-backdrop-into-our-s-p-500-forecast.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}