The Globe and Mail reports in its Thursday edition that American stock markets experienced a strong rebound on Wednesday, marking one of the most intense rallies on record. The Globe's Darcy Keith writes that this surge was fuelled by investors' excitement following the announcement that President Donald Trump had enacted a 90-day pause on many of the tariffs imposed on trading partners. The rally set records for shares traded in a day, following Wall Street's largest four-day percentage loss since the pandemic. Mr. Trump announced a temporary pause on higher tariffs for many countries, but the White House maintained a 10-per-cent duty on nearly all U.S. imports. After Mr. Trump's pause announcement, Goldman Sachs said it was rescinding its recession forecast and reverting to its previous baseline estimate for the economy to grow in 2025. Charles Schwab analyst Kevin Gordon said the rally from oversold levels made sense but cautioned that "to have a high conviction call on anything right now is a fool's errand. ... We just have to wait and see what the ultimate policy is, but unfortunately the policy changes almost on a daily basis." He said it is hard to make spending and hiring decisions in such an environment.