When two popular recession indicators failed 👎
Plus a charted review of the macro crosscurrents 🔀
Stocks made new record highs, with the S&P 500 setting an intraday high of 5,261.10 and a closing high of 5,241.53 on Thursday. For the week, the S&P increased 2.3% to close at 5,234.18. The index is now up 9.7% year to date and up 46.3% from its October 12, 2022 closing low of 3,577.03.
Just because something happens …
