'Check yourself' as the data zig zags ↯

Plus a charted review of the macro crosscurrents 🔀

Stocks made new record highs, with the S&P 500 setting an intraday high of 5,264.85 and a closing high of 5,254.35 on Thursday. For the week, the S&P increased 0.4%. The index is now up 10.2% year to date and up 46.9% from its October 12, 2022 closing low of 3,577.03.

Believe it or not, the chart below is real. It reflects monthly developments in a major…