Weekly Commentary | February 26, 2023
Macro Picture
Markets declined last week posting their largest drop in 10 weeks. It was a classic good news is bad news dynamic. By last Friday, the S&P 500 had given back approximately 35% of the rally that began in mid-October, but is still up 3.4% for 2023.
The driver has been inflation and what appears to be a reacceleration. Momentum has shifted a…
