Less-than-disastrous updates on the banking situation 🤷🏻♂️
Plus a charted review of the macro crosscurrents 🔀
Stocks closed modestly lower last week with the S&P 500 shedding 0.3%. The index is now up 7.4% year to date, up 15.2% from its October 12 closing low of 3,577.03, and down 14% from its January 3, 2022 record closing high of 4,796.56.
In the wake of the failure of Silicon Valley Bank in March, turmoil in the banking …
