"The old Wall Street adage that as a bond investor, I can stop panicking when the Fed starts panicking, really applies. If the Fed is going to be vigilant about inflation, that in itself should be positive for bonds."
"Post COVID you saw a market reaction minus 30%, post Ukraine minus 20%, post Liberation Day minus 15% and post the recent Middle Eastern Conflict minus 10%. So you see clients are increasingly resilient and steadfast with what they are doing, why they are doing it and sticking to convictions."
"Earnings expectations for U.S. companies have continued to move higher, with the market now expecting consensus EPS growth for 2026 of 22%, up from 13% at the start of the year. At the same time, the strength of the earnings environment suggests leadership could eventually broaden. 85% of companies exceeded earnings expectations during the first quarter, the highest percentage since 2021 and above the long-term average of 73%."
"Post COVID you saw a market reaction minus 30%, post Ukraine minus 20%, post Liberation Day minus 15% and post the recent Middle Eastern Conflict minus 10%. So you see clients are increasingly resilient and steadfast with what they are doing, why they are doing it and sticking to convictions."
"Earnings expectations for U.S. companies have continued to move higher, with the market now expecting consensus EPS growth for 2026 of 22%, up from 13% at the start of the year. At the same time, the strength of the earnings environment suggests leadership could eventually broaden. 85% of companies exceeded earnings expectations during the first quarter, the highest percentage since 2021 and above the long-term average of 73%."