Deutsche Bank Upgrades U.S. Stock Rating On Trump's Tariff ‘Relents'—As 'TACO' Trump Gains Popularity
1. Deutsche Bank raised S&P 500 target to 6,550, expecting a 10% increase. 2. Market optimism stems from expectations of reduced tariff aggression from Trump. 3. Escalations in trade lead to market pullbacks, but relents trigger rallies. 4. The TACO theme reflects Trump's historical tendency to back down from tariffs. 5. S&P is up 20% since April amid perceived tariff easing.