))
Watching the Homebuilders, EPS Revisions, Investor Sentiment, Capex, and Flows
Manage episode 508065327 series 2907053
Content provided by RBC Capital Markets. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by RBC Capital Markets or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
The big things you need to know:
• First, weakness in Homebuilders doesn’t bode well for the recent outperformance of Small Caps.
• Second, we’ve continued to see some slippage in earnings sentiment (the rate of upward EPS estimate revisions) for the S&P 500, which has been driven by companies outside of the biggest market cap names.
• Third, bulls picked up sharply in the AAII survey last week.
• Fourth, our work on US equity market performance in the 12-month period following non-recession-related Fed cuts and reset cuts highlights upside risk to our 2H26 S&P 500 target price of 7,100.
• Fifth, capex growth improved in 2Q25.
• Sixth, US equity funds flows bounced back last week, driven by US-domiciled funds.
202 episodes
Share
