RBC's Calvasina Is 'Not Breathing Easy' in Markets

The transcript discusses market conditions following a G20 meeting, focusing on capital allocation and market opportunities. It highlights sector valuations, noting that financials are cheap while healthcare is getting expensive. The discussion also covers earnings multiples, suggesting that value can be found across various sectors despite a Fed tightening regime.

What was the general sentiment about the market's position compared to the previous week?

• The market position has not changed.

• The market is in a great position with no concerns.

• The market is in a better position but still has concerns.

• The market is in a worse position.

Which sector did Laura mention as being back to neutral?

• TMT

• Energy

• Financials

• Healthcare

What is the main concern Laura has about the current market valuations?

• All sectors are equally valued.

• The market is too stable.

• She cannot find where value has been uncovered.

• There are too many opportunities.

According to Chris, where can value be found in the market?

• Across various sectors including banks and biotech

• Nowhere, as the market is overvalued

• Only in the technology sector

• Exclusively in the real estate sector

What is the typical PE multiple during a Fed tightening regime, according to the discussion?

• 18 times

• 16 times

• 14.9 times

• 12 times