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RBC Warns Rising Sentiment May Impact Stock Market Outlook

6/6/2025

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Summary

Story summary

RBC strategists observed stock market gains since early April, though not reaching January or mid-March levels.
They cautioned that rising sentiment could jeopardize their market outlook.
RBC projects a year-end market range of 4,200 to 6,400, reflecting significant uncertainty.
A 10-year note yield exceeding 5% may exert pressure on equities.
The S&P 500 earnings-per-share forecast stands at US$258, lower than the consensus of US$264.

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Story summary

RBC strategists observed stock market gains since early April, though not reaching January or mid-March levels.
They cautioned that rising sentiment could jeopardize their market outlook.
RBC projects a year-end market range of 4,200 to 6,400, reflecting significant uncertainty.
A 10-year note yield exceeding 5% may exert pressure on equities.
The S&P 500 earnings-per-share forecast stands at US$258, lower than the consensus of US$264.