The economy has gone from very hot to pretty good 😎

Plus a charted review of the macro crosscurrents 🔀

Job gains continue at a healthy pace, but they have cooled significantly. (Source: @WhiteHouseCEA)

Stocks ticked higher last week, with the S&P 500 rising 0.2% to close at 4,604.37. The index is now up 19.9% year to date, up 28.7% from its October 12, 2022 closing low of 3,577.03, and down 4% from its January 3, 2022 record closing high of 4,796.56.

It’s …