Capex: Artificial or Intelligent? Drulard Family Capital Fund Fortnightly Macro View JD Straight Up: S&P 500 at 7500 – flat from 7533 two weeks ago VIX at 18 – up 9% from 16 two weeks ago 10yr Treasury yielding 4.56% (up 2% from 4.49% two weeks ago) Agg (US Aggregate Bond Index) at 98.11 – down 1% from 98.56 two weeks ago Gold at 4015 per oz (down 4% from 4166 two weeks ago) Silver at 57.14 per ounce (down 9% from 62.50 two weeks ago) Crude Oil (WTI) at 81 per barrel (up 16