A philosophical question about the Fed's 'mistake' 🤔

Plus a charted review of the macro crosscurrents 🔀

(Source: Wikimedia Commons)

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Stocks rallied last week, with the S&P 500 rising 3.5%. The index is now up 7% year to date, up 14.9% from its October 12 closing low of 3,577.03, and down 14.3% from its January 3, 2022 closing high of 4,796.56.

Much of the market …