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https://jugglingdynamite.com/2025/04/14/rough-ride-exacting-a-toll/ Rough ride exacting a toll
Preliminary estimates show that the University of Michigan's consumer sentiment for the US plunged to 50.8 in April—below forecasts of 54.5—and the lowest level since June 2022. Consumer sentiment has fallen 40% since Nove...
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Canada’s housing market downturn grinds into year four
Market consensus pegs a 58% probability that the Bank of Canada will hold its overnight rate at 2.75% tomorrow, with a 42% chance of a 25-bp cut to 2.50%. This morning’s milder-than-expected Canadian inflation news, CPI of 2.3% year-over-year in … Continue reading
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Rough ride exacting a toll
Preliminary estimates show that the University of Michigan’s consumer sentiment for the US plunged to 50.8 in April—below forecasts of 54.5—and the lowest level since June 2022. Consumer sentiment has fallen 40% since November 2024 (below since 1970, courtesy of … Continue reading
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Bouncing downhill
Yesterday afternoon, news of a 90-day US trade tariff pause sparked jubilation in stock markets. The 9.5% bounce in the S&P 500 was the third-best day since 1950, and other indices followed suit. Lest we lack perspective, the other two … Continue reading
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