The market beatings continue amid an 'unusually murky' outlook 🥊

Plus a review of the macro crosscurrents 🔀

It was a rough week in the stock market as the Federal Reserve renewed its commitment to do whatever it takes to bring down inflation, even if it means pain in the economy.

The S&P 500 fell 4.6% to close the week at 3,693.23. The index is now down 23.0% from its January 3 closing high of 4,796.56 and up just 0.7% from its June 16 closing low of 3,666.77.

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