Loading ...stawks should go down…VOL has collapsed to pre-virus levels=conclusion=time to buy some VXX calls…they are free…maybe buy an ole 200 on the close…maybe…
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This means that the cumulative deficit for the first four months of the year has surged to $389BN, some 25% higher than the $310BN for the comparable period a year ago.
It also means that with a third of fiscal 2020 down, the US deficit was the widest going back all the way to 2011, when the nation was still spending like a drunken sailor under President Obama in response to the financial crisis, and when the final deficit for the full year soared to $1.3 trillion.