One of the most misunderstood moments in stock market cycles ⏱️

Plus a charted review of the macro crosscurrents 🔀

📉 The stock market fell, with the S&P 500 shedding 2.3% last week to close at 5,638.94. It’s now down 9.2% from its February 19 closing high of 6144.15 and up 57.6% from its October 12, 2022 closing low of 3,577.03. For more on market moves, read: Investing in the stock market is an unpleasant process 📉

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The stock market is a discounting mechanism, whi…