Resilience With a Dose of Caution

The big things you need to know: First, the three things that stuck out to us in our review of earnings calls last week included outlooks that emphasized resiliency but contained a dose of caution, the conversation on Iran war impacts (present and future) getting underway, and descriptions of cautious but stable consumers. Second, with US equities breaking out to a new 2026 high relative to non-US equities, we note that valuations suggest there’s room for this trade to run and that weak earnings revisions breadth is not a problem unique to the US. Third, funds flows are shifting back to Financials and Growth, which we think makes sense from a valuation and earnings growth perspective.

You can listen to Resilience With a Dose of Caution online on Radio and Podcast. Open the player on this page to stream the available audio.

Resilience With a Dose of Caution is an episode from RBC's Markets in Motion by RBC Capital Markets.

This episode is 07:25 long.

This episode was published on Apr 27, 2026.

Yes. Use the heart button on the episode page to add it to your favorite episodes list.

Yes. This page shows related episodes from RBC's Markets in Motion when more episodes are available from the podcast feed.