In a turbulent year for financial markets, US equities and real estate investment trusts are still bearing the brunt of the selling so far in 2025, based on a set of ETFs through Friday’s close (Apr. 25). By contrast, the rest of the major asset classes are still posting gains year to date.

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US consumer inflation expectations “remain elevated,” according to revised data for this month’s poll published by the Unviersity of Michigan. “Consumers perceived risks to multiple aspects of the economy, in large part due to ongoing uncertainty around trade policy and the potential for a resurgence of inflation looming ahead.” The update also shows consumer sentiment fell for the fourth straight month, tumbling 8% from March.

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