👉 US stocks have made a strong comeback, wiping out their 2025 losses 👉 The forward P/E multiple has surged to 21.5, raising concerns about valuations 👉 Trade tensions between the US and its major trading partners remain a concern 👉 Solid first-quarter earnings have boosted the market, but uncertainty around Trump's tariff policies remains 👉 The S&P 500's consumer staples sector is one of the top performers this year, but valuations are still high