The most important Latin phrase in investing 📜

Plus a charted review of the macro crosscurrents 🔀

📈The stock market rallied last week, with the S&P 500 rising 1.5% to close at 6,114.63. It’s now up 4% year to date and up 70.9% 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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Almost every day, we hear about economic data, financial news, a policy move, a geop…