Good news – the world’s largest central bank hit the pause button on rate hikes last week. After embarking on a rate hiking cycle in March of 2022, it would appear the Fed is done for now after hiking from 0.25 to 5.25%. Yay! And what did the market do? Not much of a celebration, it trended downward. Maybe after the recent rally, all the good news was priced in, or more likely, the re-flare up in U.S. regional bank woes, softening economic data and deteriorating earnings were the culprits. Any way you slice it, markets have soured a bit, even with a strong bounce following Friday’s labour report.

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