MINNEAPOLIS, June 15, 2026 /PRNewswire/ - Despite a demanding backdrop of geopolitical tension, elevated Treasury yields, and looming midterm election uncertainty, the U.S. stock market has climbed the wall of worry and the economy has held firm, RBC Wealth Management suggests in its Global Insight Mid-Year 2026 Outlook released Monday.
"Corporate earnings have been the great stabilizer this year, and the profit outlook for 2026 and 2027 has brightened notably since January," said Kelly Bogdanova, Vice President and Portfolio Analyst at RBC Wealth Management–U.S. "The bull market is persisting into its fourth year, the economy remains resilient and investors who stay disciplined are being rewarded, even with real hurdles still ahead."
U.S. equities: Earnings brighten as market eyes midterm electionsThe U.S. stock market has shown notable resilience in 2026, with the S&P 500 rallying year-to-date through mid-June and the Information Technology sector outperforming sharply. Corporate earnings have been the great stabilizer, and the profit outlook for 2026 and 2027 has brightened considerably compared to the start of the year.
The Information Technology sector delivered a standout first quarter, posting 49% year-over-year profit growth, with AI capital spending providing continued upward momentum to consensus earnings forecasts across multiple sectors. The buoyant S&P 500 profit outlook checks a key box among the catalysts RBC Wealth Management identified as necessary for the bull market to persist into a fourth year.
With the midterm elections approaching on November 3, RBC Wealth Management ...
