by boat to get closer to 16 targets that

"The administration relented earlier than we had anticipated, driven primarily by market reaction, and before the emergence of any legal barriers or economic or political pain," Chadha wrote. "This reinforces the view that if negative impacts of tariffs do materialize, we will get further relents."After 11 strategy teams cut their S&P 500 target amid the initial tariff launch, Deutsche Bank is

as Trump has dialed back his aggressive tariff stance.Chadha is one of several Wall Street strategists that has been defending a call for a roughly 10% rise in the S&P 500 over the past several days. FundStrat head of research Tom Lee believes stocks will rally to 6,600 by the end of the year.In recent research, Lee has cited the market's resilience to tariff headlines, as seen by rising stocks on Monday despite boiling trade tensions with China and increased tariffs on steel and aluminum. Lee also points out that investor sentiment, as

, hasn't fully rebounded. Withthat could be deployed into the equity market, Lee argues the rally has further to run as more investors join the march higher.

Morgan Stanley chief investment officer Mike Wilson also believes the S&P 500 will rally roughly 10% and end 2025 at 6,500. Wilson highlighted that analysts' revisions to their earnings estimates have started inflecting higher, meaning analysts are no longer slashing their outlook for corporate profits as they were at the peak of the recent tariff escalation.

In a research note on Sunday, Wilson detailed in a chart that when revisions to earnings estimates are inflecting higher, as they are right now, the S&P 500 has typically increased by 13% in the next 12 months.'s "big, beautiful bill", arguing that those who

will do so by personal choiceDuring an appearance on NBC's Meet the Press, Johnson was asked about projections that 4.8 million people could lose Medicaid coverage under the new spending bill.

https://dims.apnews.com/dims4/default/465d421/2147483647/strip/false/crop/2000x1333+0+0/resize/1486x990!/quality/90/?url=https%3A%2F%2Fassets.apnews.com%2Fd5%2F47%2F6e5d6ad4da92a5a22f207b81001c%2F4285971ad2c44aba9c0471f9baddfe78"You're telling me that you're going to require the able-bodied — these young men, for example, OK — to only work or volunteer in their community for 20 hours a week, and that's too cumbersome for them? I'm not buying it. The American people are not buying it," Johnson said.