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Fortune
Fortune
Jim Edwards

Wall Street is up to its armpits in bullish calls as tech stocks roar back

  • U.S. markets regained more ground yesterday and global stocks were mixed today prior to the opening bell in New York. Analysts are bullish as the macro data continues to suggest fertile territory for stocks. U.S. inflation came in lower than expected at 2.3% and JPMorgan walked back its forecast on the chances of an upcoming recession. 

Markets in Asia and Europe were all over the place this morning—Europe was down in early trading as were the major indexes in Japan and India—but China and South Korea rose, following a good day for U.S. stocks on Tuesday.

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