Distance Makes The Heart Grow Fonder: Webcast Follow-Up

31 Jul 2023

by Irene Tunkel, Chief Strategist

Investors remain cautious about the US economy and still have significant cash that needs to be put to work which could extend the rally further. Earnings rebound later in the year will be supported by rising sales growth and surging earnings of the Magnificent Seven. A restocking cycle, and a pickup in freight activity support transports. Upgrade Transports to an overweight.

Interested in reading this report?

To access the full BCA Research report, request a complimentary copy

BCA Research | US Equity Strategy

Offers a unique sector and style allocation framework that blends macroeconomic, fundamental, and technical analysis to provide clients with actionable investment recommendations.