Schwab Network Earnings Strength Keeps U.S. Markets Resilient Despite Volatility
Apr 16, 2026
Glenn Dorsey, Head of client portfolio management at Clark Capital, offers market and earnings analysis with a focus on portfolio positioning. He discusses resilient U.S. equities amid volatility. He highlights strong earnings momentum and sees pullbacks in mega-cap tech and banks as buying opportunities. He outlines sector plays in healthcare and industrials and notes macro risks to watch.
AI Snips
Chapters
Transcript
Episode notes
Rapid Market Rebound After Short Shock
- U.S. markets rebounded sharply after a short pullback, showing strong momentum despite recent geopolitical shocks.
- Glenn Dorsey notes an 8% drop in 21 days then an 11% rebound in 11 trading days, signaling rapid recovery strength.
Earnings Beat Rate Shows Underlying Strength
- Corporate fundamentals look strong with an 88% earnings beat rate so far and about 6% beat magnitude.
- Dorsey highlights this as the sixth consecutive quarter of double‑digit earnings growth driving resilience.
Buy the Pullback in Mega Cap Tech
- Treat recent pullbacks in mega‑cap tech as buying opportunities given attractive multiples versus earnings growth.
- Dorsey points out MAG7 multiples fell from ~30 to ~25 while secular growth and earnings remain intact.