U.S. equities continue to show resilience despite a volatile backdrop. The S&P 500 has faced pressure from weakness in AI-linked technology stocks, but rotation into other sectors suggests the market’s underlying strength is broader than a handful of major names. Investor interest also remains supported by expectations for continued corporate growth.

Risks have not disappeared. Sticky inflation, elevated energy prices, uncertainty around interest rates and concerns over debt-funded AI investment could keep markets unsettled. Even so, easing Treasury yields and signs of recovery across global equities offer support for a mildly bullish U.S. market outlook. Demand tied to AI and cloud investment also remains an…