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

News Snapshot:

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 &...