Don’t confuse your relatives with your absolutes 🤔

Plus a charted review of the macro crosscurrents 🔀

(Photo by Greg Jewett on Unsplash)

Stocks made new record highs, with the S&P 500 reaching a closing high of 4,958.61 and an intraday high of 4,975.29 on Friday. For the week, the S&P rose 1.4%. The index is now up 4% year to date and up 40% from its October 12, 2022 closing low of 3,577.03.

Various aspects of the markets and the economy can be worse and …