Caught-Short Strategists Are a Stealth Stock-Market Accelerant
- Earnings upgrades put a floor under stocks in market turmoil
- Strategists seen joining analysts who are more bullish on S&P
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With bond yields jumping and inflation expectations surging, this would seem like a strange time for optimism to break out among Wall Street’s equities handicappers.
But that’s exactly what it has done. And the reasons offer a lens into what kept the stock market’s worst three-day decline since October from spinning further out of control this week.