Summer Heat Drulard Family Capital Fund Fortnightly Macro View JD Straight Up: S&P 500 at 7477 – flat from 7456 two weeks ago VIX at 18 – down 5% from 19 two weeks ago 10yr Treasury yielding 4.51% (down 1% from 4.55% two weeks ago) Agg (US Aggregate Bond Index) at 98.60 – flat from 98.23 two weeks ago Gold at 4224 per oz (down 3% from 4353 two weeks ago) Silver at 66.26 per ounce (down 3% from 68.16 two weeks ago) Crude Oil (WTI) at 77 per barrel (down 16% from 92 two weeks