This Is a Dip You Want to Buy, Says RBC's Calvasina

The video discusses an upgrade in the S&P 500 price target, highlighting potential market volatility and pullback concerns. It emphasizes the importance of long-term investment strategies, suggesting that current dips are buying opportunities due to a strong underlying economy. The discussion also covers cyclical and value trades, with a focus on market pressures and COVID concerns.

What factors are contributing to the valuation concerns mentioned in the text?

What is the speaker's perspective on buying cyclicals in the current market?