Ed Yardeni cuts recession odds and raises S&P 500 target back up to 6,500 on Trump's tariff rollback

Strategist Ed Yardeni, one of the biggest bulls on Wall Street, is coming off the sidelines after the U.S. and China reached a temporary trade truce over the weekend and sparked a major market rally. The president of Yardeni Research raised his year-end target for the S & P 500 back up to 6,500 from 6,000. The new target represents a nearly 11.2% gain for the equity benchmark from Monday’s close. Yardeni also altered his recession forecast once again, dialing it down to 25% after previously lowering it to 35% on May 4. The strategist pointed to the S &…