Pricey Equity Markets Charge Into a High-Stakes Earnings Season
Money is finally flowing into old-economy sectors such as banks, consumer goods firms and miners in a bet that economic growth will broaden beyond AI.
Photographer: Michael Nagle/BloombergSo far, so good for global equity investors looking to clock a fourth straight year of solid returns as stocks rise in tandem from Tokyo to Paris to New York.
But bulls are staring down their first crucial test of 2026: quarterly earnings that land at a time of rising geopolitical turmoil and a cloudy outlook for economic growth.