Bond Rout Doesn’t Erode Case for Equities Yet: RBC’s Calvasina

The video discusses concerns about the bond market and its impact on equities, noting that while there is some concern, the thesis for equities remains intact. It highlights market rotation, particularly the shift from secular growers to cyclicals and defensive tones. The discussion also covers consumer stocks, small caps, and the potential for a catch-up trade, emphasizing the differences between small and large caps. Finally, it addresses valuation opportunities in small caps and the potential for further market growth, despite concerns about reflation being fully priced in.

What concerns do investors have regarding reflation in the market?

What does the speaker suggest about the pricing of small cap financials and energy stocks?