BlockBeats News, May 13th, as the easing of the US-China trade tensions has driven the resurgence of the "Buy America" trading, Goldman Sachs raised its U.S. stock market target. Goldman Sachs strategists expect the S&P 500 index to reach 6500 points in the next 12 months, up from the previous target of 6200 points, suggesting an 11% upside potential from Monday's closing price.

Following the temporary tariff reduction agreement between U.S. and Chinese negotiators, the U.S. stock market soared on Monday as traders bet on the resilience of the American economy to avoid a recession. However, Goldman Sachs remains cautious, noting the market's optimistic expectations for economic growth prospects, uncertainty over economic and corporate profit growth slowdown, which could limit the price-earnings ratio in the coming months. Additionally, despite the latest agreement easing some concerns, the 2025 tariff rates may be higher than those in 2024, putting pressure on profit margins. Investors are advised to focus on stocks of companies with high pricing power that can sustain profit margins.

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