# Not All the Signals Are Bearish Under President Donald Trump — Here’s What Bulls Are Watching
As the political landscape continues to evolve under President Donald Trump’s administration, investors find themselves at a crossroads, navigating a market characterized by volatility yet also fueled by underlying strength. Recent data from FactSet indicates that the S&P 500 has returned an impressive 12.8% from Election Day 2024 to April 10, 2026, a performance that has caught the attention of bulls in a climate filled with geopolitical tensions, inflation fears, and fluctuating oil prices.
The Current Market Landscape
The past few years have presented a mixed bag for investors, particularly as higher oil prices and tariff discussions have prompted concerns about economic stability. Nonetheless, the resilience of corporate earnings has served as a beacon of hope amid the chaos. Despite the backdrop of potential conflict and inflationary pressures, many investors are focusing on a few key positives that indicate a bullish sentiment may still have merit.
One of the most significant factors contributing to the S&P 500’s robust performance is the strength of corporate earnings. Companies have managed to weather the storm, showcasing their ability to adapt and thrive, even in challenging environments. Earnings reports have largely exceeded expectations, signaling that businesses are finding ways to maintain profitability, even as external pressures mount.
