You know how this goes—we can’t just pull back after something like this. People start saying it has to be answered or it was all for nothing. Just another level of mission creep.
It never hits all at once like a tidal wave. It creeps in like a rising tide—fuel surcharges, baggage fees, mortgage rates ticking up, farmers paying more for fertilizer. We saw it after 2020… once prices go up, they don’t really come back down.
War follows the same pattern. It starts as “military targets,” then shifts to anything that supports the fight. Bridges yesterday, infrastructure next—eventually everything becomes fair game. We’ve seen that playbook before. It has been over 80 years since we have fought a total war.
This isn’t winding down—it’s building. And my gut says something bigger hits after the markets close going into the weekend.