Markets didn’t know which direction to go last week as they tried to decide which had more weight: the good news or the not-so-good news.

Markets had their best January since 2019, and the upward momentum has spilled into a strong start to February thanks to the dovish Fed last week.Markets grappled with this information while also keeping a close eye on the release of the Fed minutes, which showed the Fed was nowhere close to considering a pause, let alone cuts.