Veteran fund manager who predicted stocks rally makes surprising move on China trade news
Here's what the stock market could do next.
The S&P 500 and Nasdaq indexes have rallied sharply since April 9, when President Trump announced a pause in his newly proposed reciprocal tariffs pending trade deals.
The double-digit gains were welcome news to investors who had been hit hard since February due to fears of a weakening U.S. economy, sticky inflation, job losses, and tariff threats. From its peak in mid-February to its low on April 8, the S&P 500 retreated 19%, nearly entering bear market territory before rebounding.
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