Economic Fears The S&P 500 had its worst monthly decline since March 2020 as economic fears increased recently – particularly as the FOMC is set to meet next week and possibly arrive at a 50bps hike of the Fed funds rate. Back in January and February, it was mostly unfathomable that a double hike was in the cards. In April, and as we wrote last week, basing off of speeches and public comments from Fed officials, the rhetoric has shifted to how “it is appropriate” in Powell’s view “to be moving a little more quickly”.  A severe lockdown in China that has dragged into its second month for some and Russia’s invasion of Ukraine added to global supply disruptions. Earnings from some large technology companies were better than expected and the labor market and data on consumption continue to demonstrate resilience.  We covered key market moves here.  All Eyes on...