ASX to edge up, Wall St bulls are back, $A leaps – The Australian Financial Review

Concerns triggered by the surge in some Reddit army shares have faded and concerns about a pending correction have faded too.
In addition to Fundstrat Globals correction rethink (in short, its done for now), JPMorgan is outright bullish.
JPMs cross-asset team sees room for a 20 per cent rally in equities largely because of the de-risking already completed by institutional investors, from the Reddit army uprising, according to The Market Ear.
JPM puts the current implied equity allocation at 43.8…

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