This Might Take A Minute

The big things you need to know: First, we review our key takeaways from our review of March company commentary on the Middle East conflict on EPS calls and in conference presentations. What we read adds to our understanding of why the US equity market has been fairly resilient since the Iran strikes, and also leads us to believe that it may simply take more time for the equity community to fully understand the impacts from an extended conflict. Second, other things that jump out this week include much better EPS estimate revisions trends in the top-10 market cap names in the S&P 500 than the rest of the index (a point in favor of mega cap Growth stocks continuing to outperform), the sharp drop in investor sentiment on our AAII model (a bullish data point for the broader market) and the return of the Russell 2000 FY2 P/E to its long-term average (important progress but not a return to “hold your nose and buy” territory).

You can listen to This Might Take A Minute online on Radio and Podcast. Open the player on this page to stream the available audio.

This Might Take A Minute is an episode from RBC's Markets in Motion by RBC Capital Markets.

This episode is 09:41 long.

This episode was published on Mar 22, 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.