Report published May 11, 2026

Up and Adam: Weekly Market Insights and Economic Analysis – May 11, 2026

Raymond James · May 11, 2026

The S&P 500 enters its sixth week of gains amidst a Fed leadership transition and record-low consumer sentiment. Raymond James maintains a preference for US equities over European counterparts due to superior earnings fundamentals.

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Finvaulta summarizes Raymond James's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Key Takeaways

1.The S&P 500's six-week winning streak is historically a bullish indicator, with an average 12-month forward return of 12.2%.
2.US corporate earnings growth (27%) significantly outperforms European earnings (1% decline ex-energy), supporting a preference for US equities.
3.Consumer sentiment has reached an all-time low as inflation and high gasoline prices outweigh positive labor market data.

Previous Close
Future
In Powell's Final Week As Fed Chair, His Successor Is Poised For Confirmation
Michigan Sentiment Sets A Fresh All-Time Low—A Reminder That Inflation Is A More Pressing Issue
After A Busy Week Of Redistricting Headlines, What's Still Unresolved?
Headline Growth In European Earnings Masks Weakness Under The Surface
After Six Straight Weeks of Gains For The S&P 500, What Does History Suggest About The Path Ahead?

Report data

Chart of the Day: A Six-Week Winning Streak

Metric	Estimate	Context
Michigan Sentiment Index	48.2 Index Points	All-time low level.
1Q26 EPS Growth	27%	US fundamentals comparison.
Betting Market Likelihood of Democrats winning House	79%	Political outlook despite GOP redistricting wins.