Views on the economy have shifted dramatically over the past year 🪞

Plus a charted review of the macro crosscurrents 🔀

(Photo by Olga Nayda on Unsplash)

Stocks rallied last week, with the S&P 500 rising 2.5% to close at 4,719.19. The index is now up 22.9% year to date, up 31.9% from its October 12, 2022 closing low of 3,577.03, and down 1.6% from its January 3, 2022 record closing high of 4,796.56.

Inflation continues to dominate conversations about the markets and the ec…