The Financial Post reports in its Thursday edition that the bulls on Wall Street handily outnumber the bears. A Bloomberg dispatch to the Post says that is despite President Donald Trump's threats over Greenland, Japan's political uncertainty and the U.S. Federal Reserve's independence remains under threat. But for all the turmoil rattling markets, the foundation for more gains looks strong, Wall Street strategists say. So far, earnings have delivered. In the first week of readouts from S&P 500 firms, 73 per cent beat analyst expectations, above the average of 68 per cent at this stage of the season, according to data from Bank of America. "If earnings season proves itself, then the other stuff should fall by the wayside," said Dan Greenhaus, chief economist at Solus Alternative Asset Management. Forecasters also expect the U.S. economy will be lifted this year by tax cuts and real wage gains while inflation continues to ebb, factors that should bode well for stocks. Then there is the distinct possibility that Trump will chicken out, rekindling the TACO trade. The President walked back his April 2 tariff rates within a week of a market rout, and has already caved in over Greenland after a similar market reaction.