Canaccord sees stock resilience amid inflation and rate concerns

Canaccord’s research note says U.S. equities showed resilience last week despite inflation and rate pressures: the S&P 500 and Nasdaq each rose about 1%, marking a fifth consecutive weekly gain and fresh highs. Markets absorbed a roughly 13% spike in WTI crude, a 12-basis-point rise in the 10-year yield, and Fed Chair Powell’s policy statement with four dissenters. Forward odds of a 2026 rate cut fell from ~18% to near 0%. Tech earnings outperformed, lifting estimates for the Magnificent Seven, while volatility eased (VIX down ~9% to 16.99) and active-manager positioning (NAAIM) remained elevated. Overall, Canaccord frames the backdrop as supportive for stocks amid macro risks.