Global equity markets have delivered a dramatic start to 2026. A sharp correction in the first quarter was swiftly followed by a V-shaped recovery, underscoring both the fragility and resilience of investor sentiment. Yet, beneath the volatility lies a more constructive story of robust corporate fundamentals. According to LSEG I/B/E/S, 83 percent of S&P500 companies beat earnings expectations in the first quarter of 2026 as of 1 May — a striking testament to underlying earnings strength.