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Ed Yardeni points out that analysts have continued to raise their profitability forecasts, which might be helping U.S. stocks shake off worst of the blowback from Iran conflict

U.S. stocks have been holding up remarkably well since the U.S. and Israel first attacked Iran in late February, even though there’s no end in sight to the conflict.

Stocks around the world have sold off, and the U.S. hasn’t been an exception. Yet the degree of selling has been less severe in the U.S. market. Meanwhile, Asian markets, particularly South Korea, have been hit pretty hard. FactSet data showed the Kospi Composite Index KR:180721, the South Korean benchmark, has fallen 11.1% since the beginning of March, while still up more than 30% in 2026.