Economic forecasts are getting revised up, and people aren't thrilled about it π
Plus a charted review of the macro crosscurrents π
Stocks inched lower, with the S&P 500 declining 0.3% last week. The index is now up 6.2% year to date, up 14% from its October 12 closing low of 3,577.03, and down 15% from its January 3, 2022 closing high of 4,796.56.
βThe bear market is over, but it is not the great reflation,β Chris Harvey, head of equity strategy at Wells Fargo Secuβ¦
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