RBC Global Asset Management chief economist Eric Lascelles discusses the factors behind surging inflation, and the economy’s prospects from here.

Macroscope is our monthly chart book in which we update our thoughts on the US equity market outlook from both a top-down and bottom-up perspective. We review six DRIVERs of performance for a number of dimensions – the S&P 500, stocks vs. bonds, US vs. non-US, Growth vs. Value, S&P 500 sectors, Russell 1000 industries and factors, and Small Cap.

The bigger reason geopolitical risks are affecting markets. With the clock ticking on a diplomatic solution, RBC Wealth Management’s Global Portfolio Advisory Committee discusses how the crux of the current geopolitical tensions goes far beyond Russia and Ukraine.

All of our U.S. leading indicators—including a new one—are giving a greenlight to the economic expansion and to equity markets.