This week in the podcast, we

run through our thoughts on 2Q21 reporting season, which gets underway this

week.  Three big things you need to know: (1) 2Q21 reporting season is off

to a good start, based on the stats of the early reporters. (2) An important

shift in earnings sentiment has occurred, with Cyclicals, Value, and Financials

weakening. (3) Our recent analyst and investor surveys suggest inflation

impacts will be one of the key issues to monitor.