U.S. shares opened higher on Tuesday, and Treasury yields inched down, as investors digested an expected slight pick-up in inflation alongside a raft of moderately positive quarterly results from big banks.

While stocks have rallied over the last three months, Wall Street analysts have only gotten more bullish. In fact, sell-side analysts haven't been this bullish since 2022. And if recent history is any indication, a big move in stocks could be coming.

U.S. equity futures edged slightly higher early Tuesday as markets geared up for a high-stakes session featuring earnings reports from top Wall Street banks and the latest consumer inflation data. Investors are also digesting upbeat growth figures from China and a key update from Nvidia regarding its AI chip sales in the Chinese market.

Losses in Wall Street futures dragged Asian stocks lower on Monday as the latest round of threats in the U.S. tariff wars kept investors on edge, though the fallout was limited by hopes this was mainly bluster by President Donald Trump.

This metric has a 100% success rate of forecasting future stock market returns when back-tested over more than 150 years.

After Wall Street previously downplayed risks from President Donald Trump's trade war, investors are starting to take his tariff threats more seriously.

Futures on Wall Street are continuing from where they left off on Friday, as profit booking continued from higher levels amidst the increasing trade uncertainties. The Dow futures are currently down 200 points,

A flurry of tariff announcements from the White House has driven Wall Street down from its record high. Follow the day's events and insights from our business reporters on the ABC News live markets blog.