London Fog
From RBC's Markets in Motion by RBC Capital Markets
May 18, 2026 · 6 min · Season 11 · Episode 10
About this episode
The episode discusses investment opportunities in US equities and highlights market trends in high price momentum and EPS estimate revisions.
The big things you need to know: First, the investors we met with this past week, in our trip to London and Switzerland, were keen to explore other opportunities in US equities beyond Semis/Tech/AI, but had difficulty envisioning what those were. Second, we highlight continued outperformance of high price momentum in our factor work and what we’re seeing in our valuation work for this part of the market, a pick up in the rate of upward EPS estimate revisions for the S&P 500 as reporting season slows down, and the signal we’re currently getting from S&P 500 and Russell 2000 forward P/Es – things are moving up but aren’t universally back to their 2025 and early 2026 highs.
Topics covered
- US equities
- investment opportunities
- high price momentum
- EPS estimate revisions
- market valuation
- S&P 500
- Russell 2000
Keywords
- US equities
- investment
- high price momentum
- EPS revisions
- S&P 500
- Russell 2000
- market trends
Mentioned in this episode
Organizations: RBC Capital Markets
Products: Semis, Tech, AI
Places: London, Switzerland, S&P 500, Russell 2000
More episodes of RBC's Markets in Motion
- The Time is Now – We Need Your Help · June 10, 2026 · 2 min
- From Rotation to Derisking · June 8, 2026 · 8 min
- Investment strategy through the ‘up crash’ and beyond · June 4, 2026 · 19 min
- Earnings Sentiment Broadens Out · June 1, 2026 · 5 min
- Everything in Moderation · May 27, 2026 · 9 min
- Positivity Isn’t Always Naivete · May 11, 2026 · 23 min
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