Strong Earnings Will Give S&P 500 a Boost

-- Robust earnings from Corporate America will pull the S&P 500 Index out of its latest morass, despite rising concerns about a significant jump in bond yields, according to Bloomberg’s latest Markets Live Pulse survey.With reporting season kicking into high gear this week featuring results from Big Tech giants such as Microsoft Corp., Meta Platforms Inc. and Alphabet Inc., nearly two-thirds of 409 respondents said they expect earnings to give the US equity benchmark a boost.

“If anything, the aftermath of such events presents a buying opportunity,” strategists led by Max Kettner wrote in a note. “Beyond geopolitics, fundamentals are still supportive, with growth expectations still moving higher.” “The first quarter earnings season could give a nice support for US equities, especially with this selloff we've seen over the past month," said Nicole Inui, head of US and LatAm Equity Strategy at HSBC.

Results from US technology behemoths will take center stage this week, bringing the market’s focus to the frenzy surrounding AI. The MLIV Pulse survey was conducted among Bloomberg News readers on the terminal and online April 15-19 by Bloomberg’s Markets Live team, which also runs the MLIV blog.--With assistance from Ryan Vlastelica and Elena Popina.

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