The View From The Trenches Looks Pretty Good

This week in the podcast, we discuss the resultsof our June survey of RBC’s equity analysts. The big things you need to know:(1) Outlooks for performance over the next 6-12 months remain constructive,driven by optimistic views on fundamentals and cash deployment. (2) The resultsa guide for the best ways to get exposure in three distinct parts of the USequity market - Financials & Energy within Cyclicals, InformationTechnology within Secular Growth, Health Care & Utilities within ClassicDefense. (3) The survey helps to set the stage for what we expect to be animportant earnings season, with roughly half of our analysts saying it isunclear to what extent inflationary impacts are baked into company guidanceand/or consensus estimates.