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Sep 2
4m 44s

Wrapping Up The Summer, Tariff Thoughts

RBC Capital Markets
About this episode

The big things you need to know: First, 2Q earnings season wrapped up with downward pressure on 2026 sector EPS forecasts & Small Cap operating margin forecasts. Second, following Friday’s news that the US Court of Appeals for the Federal Circuit had ruled against the reciprocal tariffs, we think corporate uncertainty around tariffs will remain elevated.

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Yesterday
3Q25 RBC Analyst Outlook Survey Results
The big things you need to know:First, across all industries and regions, our analysts are constructive on performance over the next 6-12 months.Second, at the global sector level our analysts have the most positive performance outlooks for REITs, Materials and Financials.Third, ... Show More
4m 51s
Oct 6
Conversations in the US
The big things you need to know:First, many of the US equity investors we met with last week were frustrated and wary.Second, other things that jump out in our work include a speech by the USTR to the financial community in NYC last week, the recent fade in the broadening trade a ... Show More
7m 30s
Sep 29
Conversations in London
The big things you need to know:First, we review what clients were most interested in talking about on our trip to the UK last week, which included differences between US and UK investor sentiment, valuations, geographical funds flows, and sectors.Second, we recap the macro tidbi ... Show More
9m 44s
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