The View From The Trenches Helps Put Current Worries Into Context

This week in the podcast, we run

through the results of our latest quarterly RBC analyst survey, in which we

poll 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 next

6-12 months remain optimistic, driven by constructive views on fundamentals,

valuations, and cash deployment. Second, our analysts tilt most positive on

Financials, Energy, Information Technology, Utilities, and Health Care, and

least positive on REITs and Industrials. Third, policy outlooks generally

remain cool, though it’s worth noting most see higher corporate taxes as a

moderate problem for earnings and performance as opposed to a major one.

Fourth, while margin expectations have eased only a handful of our analysts

consider supply chains to be a major problem for the industries they cover.