From Yahoo Finance: 2025-05-13 14:13:00

A portfolio manager seizes the opportunity to make stock purchases after the U.S. and China reach a temporary truce in their trade war, reducing tariffs for the next 90 days to ease tensions and fears of a global recession. Goldman Sachs adjusts its recession forecast and calls for a higher S&P 500 Index target.

Portfolio manager Chris Versace strategically invests in Amazon, American Express, Dutch Bros, Elastic, Meta Platforms, and Marvell to take advantage of the market’s positive reaction to the U.S.-China trade agreement. The move aims to capitalize on reduced tariff uncertainty and potential short-covering in certain sectors like retail, following a period of trade-related market volatility. China and US continue trade negotiations, with potential for Trump’s bombastic comments. Market likely to focus on data like April inflation and retail sales. Trade talks could lead to more deals, boosting earnings-per-share expectations for 2025 and 2026. Capital being invested as market moves higher. Veteran fund manager predicts eye-popping S&P 500 forecast.

Read more: Veteran portfolio manager buys several stocks after US-China trade deal