About this episode

The episode discusses mixed earnings reports and a cautiously optimistic outlook from companies amid various economic indicators.

The big things you need to know: The big things you need to know: First, the early stats from 2Q26 reporting season look a little mixed as reporting season kicks into high gear. Second, early earnings commentary from the companies that reported over the past week highlights a cautiously optimistic tone, consumer resiliency, and complicated AI impacts. Third, other things that jumped out in our latest updates include further evidence of stabilizing sentiment on the NFIB and University of Michigan consumer sentiment surveys (which have encouraged the rotation trade) and evidence of weaker flows to US equities (which point to the possibility of some geographical pressure on the US equity market).

Topics covered

• earnings season
• consumer sentiment
• AI impacts
• equity market
• economic indicators

Keywords

• earnings
• consumer resiliency
• AI
• sentiment surveys
• equities

Mentioned in this episode

Organizations: RBC Capital Markets, NFIB, University of Michigan

Places: US

More episodes of RBC's Markets in Motion

• S&P 500 Sector Recommendation Shuffle · July 13, 2026 · 6 min
• June Survey Results Reveal Optimism, Not Euphoria, Heading Into 2H26 · July 7, 2026 · 5 min
• Mid-Year Outlook Update · June 29, 2026 · 7 min
• Down the Valuation Rabbit Hole · June 15, 2026 · 7 min

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