Stocks rebounded in Wednesday's trading session, with the Dow Jones Industrial Average (^DJI) closing at a record high. Wall Street is feeling bullish as Bank of America's October global fund manager survey showed a jump in sentiment. Meanwhile, the volatility index (^VIX) is down just below 20, and if it continues declining, US equities and risk markets could receive a significant boost.

Yahoo Finance Data and Markets Editor Jared Blikre breaks down some of his biggest takeaways from the trading day.

To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.

This post was written by Melanie Riehl