economic resilience

American Express reports strong Q1 2026 with 11% revenue growth, driven by luxury spending. CEO argues affluent customers are resilient to oil shocks despite 14% stock decline.

Ross Stores surges 63% annually as discount retail model thrives amid consumer bifurcation, with aggressive expansion and strong financial metrics.

US retail sales jumped 1.7% in March 2026, the biggest monthly gain since January 2023, defying $4 gas price concerns and suggesting resilient consumer spending despite inflation pressures.

S&P 500 earnings projected to grow 13.2% in Q1 2026, marking six consecutive quarters of double-digit growth, fueled by semiconductor boom and banking rebounds.

Economist Ed Yardeni argues elevated oil prices pose less threat to the U.S. economy due to energy efficiency gains and petroleum independence, while corporate earnings remain robust amid Iran tensions.