That was then, this is now

Putting aside the narrowness of the rally, it's quite impressive to see the S&P 500 at the highest level since April 20th, 2022. At lot has changed since then though and let's go through what has.

1)In April 2022 the fed funds rate was .375% and the Fed at the time was forecasting a 2.8% rate by yr end 2023. Today we're at 5.125% and a forecast of 5.6% b…