| We are pleased to share RBC Wealth Management's latest investment newsletter. 2024 earnings: The likely convergence of the “haves and have nots”: Soon all eyes will be on Q1 earnings results. We think the full-year earnings growth trajectory is more important. Growth rates for the Magnificent 7 and non-Mag 7 stocks are expected to converge—a positive sign. But there are some lingering second-half earnings risks to keep in mind. Regional developments: Economic impacts of fewer non-permanent Canadian residents; U.S. Treasuries face significant selling pressure; Stage seems set for ECB rate cuts to commence in June; China manufacturing PMI at 1-year high. Please take some time to review the Global Insight Weekly. Feel free to contact our team with any questions and/or to discuss investment ideas. We appreciate the opportunity to serve you and look forward to continuing to help you accomplish your long-term financial goals. Past performance is no guarantee of future results. Privacy & Security | Legal | Accessibility | Member-Canadian Investor Protection Fund. RBC Dominion Securities Inc.* and Royal Bank of Canada are separate corporate entities which are affiliated. *Member-Canadian Investor Protection Fund. RBC Dominion Securities Inc. is a member company of RBC Wealth Management, a business segment of Royal Bank of Canada. ®Registered trademarks of Royal Bank of Canada. Used under license. © RBC Dominion Securities Inc. 2024. All rights reserved.
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