Down the Valuation Rabbit Hole

RBC's Markets in Motion · Jun 15, 2026 · 6:35

0:006:35

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Two big things you need to know:

First, forward P/Es have generally been de-frothed, but haven’t looked deeply compelling for the major US indices.
Second, the valuation case for the broadening trade still has some room (Small Caps, certain cyclical sectors, non-US developed market equities), but requires close monitoring.