Less-than-great updates on the banking situation 😬

Plus a charted review of the macro crosscurrents 🔀

An AI-generated image of a bank.

Stocks climbed last week, with the S&P 500 rising 0.8%. The index is now up 7.8% year to date, up 15.7% from its October 12 closing low of 3,577.03, and down 13.7% from its January 3, 2022 closing high of 4,796.56.

Concerns about the banking system have been top of mind in recent weeks.

The worries specifically pertain to w…