RBC's Lori Calvasina Sees S&P 500 Upside Despite Fed Risk

Source Summary

Stock and bond markets fluctuated Monday as Middle East tensions raised escalation concerns. The S&P 500, following its longest weekly advance since May, saw chipmakers rally on Anthropic's revenue growth and AI trade optimism. Brent crude rose to around $89, and 30-year Treasury yields reached their highest level since 2007, raising inflation concerns. RBC Capital Markets' Head of US Equity Strategy Lori Calvasina argues that Fed policy uncertainty, potential rate hikes, and valuation concerns may not be sufficient to halt the equity rally.