“Market Has to Chew Through Indigestion”: Analyst Warns of 7000 Dip Before 8150 Target

Quick Read RBC's Calvasina targets SPY at 8150 in twelve months but warns a pullback toward 7000 comes first, calling the dip normal Fed-cycle "indigestion." GDP has decelerated to 1.5% while the Fed just hiked to 4.00%, mechanically pressuring SPY's top mega-cap holdings like NVIDIA and Apple. A yield curve spread of just 0.20% and a VIX below 15 signal any correction could arrive suddenly and without options-market warning. Just released. Our analysts combed the entire stock market and named the ten best stocks to buy right now, and Apple didn't make the cut. Enter your email to see the names that beat AAPL. The report is free. Enter your email and see if any of your stocks made the cut. RBC Capital Markets' head of U.S.