Earnings Show Value Side as Markets’ Weak Link: RBC’s Calvasina

The video discusses the current market trends, highlighting the resilience of the tech sector and the weakness in financials. It examines earnings sentiment, noting a slight decline in growth expectations for 2022. The discussion also covers the deceleration of upward revisions in the S&P 500, with potential for downward revisions as half of the sectors contribute to this trend.

What are the key observations regarding the financial sector's performance in the current market?

How has the growth rate for the S&P EPS changed from 2021 to 2022 according to the text?

What does the speaker suggest about the potential downgrade risk for the upcoming year?

What trend is observed in the rate of upward revisions for the S&P 500 from June to July?

What implications does the speaker draw from the deceleration of upward revisions in the market?