HSBC’s Max Kettner says robust first‑quarter corporate earnings, largely from technology megacaps, have steadied the market rally.

Strong results from companies like Apple, Microsoft, and Amazon lifted investor sentiment, easing concerns that rising Treasury yields could derail equity gains.

Kettner notes that the earnings surge has shifted focus from yield curves to corporate fundamentals, reducing the perceived danger zone for equity valuations.

For investors, the message is clear: tech‑led earnings momentum supports current share prices, diminishing the impact of higher borrowing costs on market breadth.