Bolton’s April 2026 Monthly Economic Update provides a clear, data‑driven snapshot of the U.S. economy amid ongoing market uncertainty.

Perspectives from our CIO:

- Earnings growth across companies in the S&P 500 remains positive, and valuations for the index have returned to pre-conflict levels. This suggests that while market volatility has persisted, the fundamental earnings backdrop has continued to provide support.

- Despite consumer sentiment falling to a 10-year low, the consumer has remained resilient. Consumption indicators have continued to increase, underscoring the disconnect between how consumers feel and how they are spending.

- Inflation pressures have reignited, largely driven by the sharp rise in energy costs. Oil prices increased from $66.56 at the end of February to $105.07 at the close of April, creating renewed pressure across inflation-sensitive areas of the economy.

Designed to help plan sponsors, investors, and business leaders stay informed, the report brings together key indicators across growth, inflation, employment, consumer behavior, housing, and financial markets, supported by analysis and visuals sourced from FactSet and other trusted providers.

Download the full April 2026 Monthly Economic Update to the right to explore the data and insights in more detail.