Same destination, but now a more treacherous path 🚧

Plus a charted review of the macro crosscurrents 🔀

An AI-generated image of a dangerous path.

After an incredibly volatile couple of days, stocks ended higher last week, with the S&P 500 rising 1.4%. The index is now up 2.0% year to date, up 9.5% from its October 12 closing low of 3,577.03, and down 18.3% from its January 3, 2022 closing high of 4,796.56.

For a moment, sentiment toward the economy began t…