Recession worries recede 🌊

Plus a charted review of the macro crosscurrents 🔀

(Photo by Nick Fewings on Unsplash)

Stocks made new record highs, with the S&P 500 reaching a closing high of 5,026.61 and an intraday high of 5,030.06 on Friday. For the week, the S&P gained 1.4%. The index is now up 5.4% year to date and up 40.5% from its October 12, 2022 closing low of 3,577.03.

Coming into 2024, Deutsche Bank and Societe Generale were…