A chart market skeptics will find frustrating 📉📈

Plus a charted review of the macro crosscurrents 🔀

Stocks made new record highs, with the S&P 500 setting a closing high of 5,175.27 on Tuesday. For the week, the S&P declined 0.1% to close at 5,117.09. The index is now up 7.3% year to date and up 43.1% from its October 12, 2022 closing low of 3,577.03.

One of the more controversial developments in the markets is the persistent rally in stocks as the num…