Insight - Stock strategists upbeat as market accelerates

The big picture: Traders working on the floor at the closing bell at the New York Stock Exchange. A portfolio manager is siding with strategists, noting that analysts may be too fixated on the micro side of the businesses and failing to see the big picture. — AFP

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.