Equities rallied on strong 2026 earnings growth forecasts despite ongoing weakness in residential real estate sentiment. The AI buildout continues to drive labor demand and credit market activity.
Key Takeaways
- 1.Equity markets are rallying on the back of strong earnings outlooks, with S&P 500 earnings growth projected at ~20% for 2026.
- 2.Residential housing sentiment remains depressed, with builder sentiment below 40 for 14 straight months.
- 3.The AI infrastructure buildout is creating specific demand for skilled labor and driving corporate credit issuance.
Table of Contents
- Builder Sentiment Remains Under Pressure; Housing Starts/Permits Report On Deck At 8:30 AM ET
- As Oil Prices Slide, Markets Stage A Textbook Risk-On Rally
- Data Center Buildout Bolsters Demand For Skilled Blue-Collar Labor
- Hyperscaler Debt Issuance Is Tapping Into The Muni Market
- Earnings Estimates Continue To March Higher—A Tailwind for Equities
- Disclosures
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Authors
Larry Adam
Securities
S&P 500
Themes
AI Infrastructure ImpactCorporate Earnings GrowthHousing Market Weakness
Regions
GlobalUnited StatesIran