#MarketPullback The recent market pullback is attributed to several factors ¹:

- *Weak Labor Market Data*: A jobs report showed signs of a weakening economy, with jobless claims at their highest level in a year and weak manufacturing data.

- *Federal Reserve's Interest Rate Decision*: The Fed's decision not to reduce interest rates, with Chairman Powell indicating that rates will remain high for longer, contributed to market volatility.

- *Bank of Japan's Rate Hike*: A surprise rate hike by the Bank of Japan led to a surge in the yen, triggering a global market sell-off as investors unwound carry trades.

- *Tech Sector Concerns*: Tech stocks were under pressure due to concerns about AI investment returns and a potential delay in Nvidia's next-generation AI chips.

This pullback is considered normal market volatility, with historical data showing that the S&P 500 experiences a 10% correction at least once per calendar year. Investors are advised to stay focused on long-term goals and strategies rather than reacting to short-term market fluctuations.