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RBC SEES LIMITED S&P 500 DOWNSIDE, UP TO 10% CORRECTION RBC Capital Markets expects the S&P 500 to reach 7,900 over 12 months, implying abo…

RBC SEES LIMITED S&P 500 DOWNSIDE, UP TO 10% CORRECTION RBC Capital Markets expects the S&P 500 to reach 7,900 over 12 months, implying about 7.7% upside, while warning that any pullback is likely to stay in the 5–10% range. Analyst Lori Calvasina said a deeper 14–20% drop is unlikely unless recession risks re-emerge, describing expected corrections as “garden-variety.” The outlook is based on a split-growth model led by AI-driven earnings strength, with risks tied to inflation, interest rates, and geopolitical shocks, while RBC continues to favor US equities and growth stocks.
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