The View From The Trenches Helps Put Current Worries Into Context

This week in the podcast, we runthrough the results of our latest quarterly RBC analyst survey, in which wepoll the firm’s equity analysts on the outlooks for the industries they cover.The big things you need to know: First, outlooks for performance over the next6-12 months remain optimistic, driven by constructive views on fundamentals,valuations, and cash deployment. Second, our analysts tilt most positive onFinancials, Energy, Information Technology, Utilities, and Health Care, andleast positive on REITs and Industrials. Third, policy outlooks generallyremain cool, though it’s worth noting most see higher corporate taxes as amoderate problem for earnings and performance as opposed to a major one.Fourth, while margin expectations have eased only a handful of our analystsconsider supply chains to be a major problem for the industries they cover.