Read the highlights of this week’s commentary from Helios:
- Markets rebounded as easing trade tensions boosted sentiment. The S&P 500 rose 3.9%, led by tech gains, the dollar posted its first weekly increase since March, and bond yields retreated from recent highs. President Trump said he expected to finalize trade deals, including with China, within weeks, though tariffs would start for countries without trade agreements after a 90-day pause earlier this month. Overall, investors welcomed signs of progress and stability.
- Existing home sales fell 5.9% in March, the sharpest monthly drop since 2022 and the slowest sales pace for any March since 2009. Median home prices climbed to a record $403,700, while inventory jumped nearly 20% year-over-year. In contrast, new home sales rose 7.4%, supported by builder incentives targeting affordability and entry-level buyers.
- Consumer sentiment fell sharply in April, with the index dropping to 52.2, its lowest since mid-2022. Inflation expectations surged to the highest level in over 40 years, and concerns about rising unemployment and slower income growth intensified. Worries about new tariffs also grew, pointing to weaker consumer spending ahead.
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