State of the trenches

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The market is making history:

On Friday, the S&P 500 closed at an all-time high for the first time since February, marking a +24% rebound from its April low.

It took 89 trading days to recover between record highs, the fastest rebound following a -15% drop in history.

This breaks the previous record of 90 trading days set in 1998.

By comparison, in 2020, it took ~125 days for the S&P 500 to reach a new all-time high.

Furthermore, the S&P 500 has returned +10.0% so far in Q2, and is on track for its best quarterly performance since Q1 2024.

We are witnessing history.

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🇺🇸 NYC TO DEPLOY NET-FIRING DRONES TO HUNT DOWN “HOSTILE” DRONES IN MID-AIR

The NYPD is in talks to buy drone defense tech that intercepts suspect drones mid-flight, then shoots a mesh net to tangle their rotors and force a safe landing.

The $200K Iron Drone Raider System could be stationed at parades and major events to stop surveillance or attack attempts.

Deputy Mayor Daughtry:

“It will detect a hostile drone… the net will go around the drone and it will safely land."

The system’s creators say it’s already being tested abroad, including in the UAE.

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Meanwhile, in England and Wales:

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The United States is over $37 trillion in debt.

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State of the trenches

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BREAKING: Polish patriots are now patrolling the border after reports that Germany is dumping “future engineers and doctors” they no longer want into Poland.

The Poles aren’t playing around.

Niech żyje Polska 🇵🇱

Long live Poland 🇵🇱

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Federal Spending vs Revenue along with the Net Deficit/Surplus.

The last time we had a surplus was in the early 2000s.

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New wave of “ambulance chasers” is now advertising legal services to immigrants detained by ICE — in both English and Spanish — on NYC subways.

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