What a month!
World War III broke out on Feb 28th and the S&P dropped 10% into the end of March but it's only taken two weeks to recover (mostly) as Trump's cease-fire gapped us up last week. Oil is still $97.34 - up more than 50% from where we started and the Dollar is at 98, down 2% from where we started (which was already down 10% from where Trump started his second term) yet the market is flat - as if those things don't matter anymore.
Even the VIX is back to 18.50 and 16 has been the low of Trump's second term and 30 was the high (in March) - so I guess we can call that a win. AI is still taking everyone's jobs and now it's also going to crush the software sector but it will also be creating huge growth in the Ransomware Sector but none of that really matters as the planet is boiling us away - so let's have fun while we can, right?
We SHOULD be spending $2Tn a year addressing Climate Change but we can't afford that (though we can afford $1Tn for AI AND $1.5Tn for the Department of War) because AI can kiss your ass in 200 languages and God loves war (says Pete Hegseth, our Secretary of War) and all the Earth can do is give our children a place to live but aren't children just another group of future migrants looking for a handout? F them!
In the first half of fiscal 2026 the Government spent $3.65 TRILLION ($519 BILLION on Interest alone!) and we collected $2.5Tn for a $1.15Tn shortfall which just so happens to be 100% more than we collect in Income Taxes. The US Military has already asked for $500 BILLION more for the 2nd half of 2026 (to fight the war that is supposedly ending) so the only way we could POSSIBLY close that gap would be to DOUBLE the tax rate or 10x the Corporate tax rate and, since neither of those things will happen - just accept the fact that we are completely F'd and enjoy the ride!
