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Today's Market
March 11, 2025 at 2:15 p.m. EST
Even some nicer weather here in NYC is not enough to trigger a Turnaround Tuesday (at least yet). There was a tepid bounce in futures overnight which began to fade ahead of the open. At 10:00 there was another tariff tape bomb with President Trump doubling the tariffs on imported Canadian steel and aluminum to 50% in response to the duty placed on electricity coming into the US. This took equities to fresh lows and there hasn’t been much of a bounce until I was wrapping up today’s note. There have been some headlines that Ukraine has agreed to a 30-day ceasefire which is helping markets come off the lows.
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