Expectations of an imminent de-escalation in the Middle East have supported the S&P 500’s sharp rebound from its March 30 low.
While recent macro data reinforce resilience, risks have not fully dissipated, and the outlook remains vulnerable to price pressures and supply chain fragilities.
Earnings growth expectations are accelerating to levels last seen in the immediate post-COVID recovery.
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By Magdalena Ocampo, Market Strategist
Expectations of an imminent de-escalation in the Middle East have supported the S&P 500’s sharp rebound from its March 30 low. Investor confidence has improved alongside earnings momentum, as the energy shock
