Resilience & Earnings Focus Global markets are demonstrating increased resilience to tariff-related rhetoric, according to Yardeni Research. The investment narrative has shifted away from political noise, with market participants prioritizing corporate earnings and broader economic strength over policy headlines. Projections for **2026** point toward **double-digit returns** for equities. This bullish outlook is supported by expectations that **S&P 500 earnings** will ascend to record levels, validating current market enthusiasm through tangible financial performance. On the fixed-income front, bond investors are effectively pushing back against the prospect of Federal Reserve rate cuts. Yield forecasts are stabilizing in the **4.25%–4.75%** range, signaling a structural adjustment in the bond market regarding future rate trajectories.