The answer is "no". At least in 2020, with reduced income and economic impact checks coming from the Treasury due to the pandemic, every state was a "winner". That doesn't mean states fared equally well, nor is this a situation that will persist.

For the 2020 federal fiscal year, all 50 states came out ahead. That included New York, which got a return of $1.59 for every tax dollar sent to Washington, a dramatic increase from the 91 cents it received in 2019...
Every state – and particularly hard-hit New York – received large sums of COVID-era relief at the height of the pandemic, buoyed by programs like the Payroll Protection Program for businesses and nonprofits. States also received a boost in unemployment benefits for out-of-work Americans. The extra federal funds contributed to a projected $5 billion surplus in New York’s budget this year.
It was a period that saw Congress and then-President Donald J. Trump pass the CARES Act, a $2.2 trillion package that authorized $1,200 direct stimulus payments to most Americans. ...
While New York netted $7,236 per resident on a per-capita basis, 39 states fared better. New Mexico ranked best at $16,999; New Jersey ranked last at $4,454.
... While various COVID relief programs have continued into 2021 and 2022 – helping bolster the state government’s financial footing – they will ultimately run out and return New York to its status as a “donor state.”

https://gothamist.com/news/new-york-is-no-longer-a-donor-state-at-least-for-now

Most in my neighborhood heat with propane. Nat gas just came in, but having it “piped” to homes is expensive. A lot of screaming here about the cost of heating this winter. Looks like petro-based heating costs are probably up more than 35% over previous winter. I supplement with wood. Even that is up anywhere from 50-150% over past year depending on source. One of the cheaper mills would sell all I could haul in a pickup for $15 two years ago. Last summer it had tripled to $45 per load. Of course the cost of fuel to haul it has also doubled.
Your Starbucks doesn’t hurt that much yet. But the guy or gal grinding the beans and brewing it needs to drive or take public transit to work, needs food and shelter, medical care, auto insurance, fuel, etc. So as these prices filter through the economy I’d expect your coffee to ratchet upward in price. Inflation ought to be viewed in total I suggest. Short term - yes it affects some more than others. But over many years / decades it impacts all of us in similar fashion - ISTM.

Energy/oil prices may not rise at the same rate but since they have risen substantially, I believe that affects every other commodity price, agriculture for example. raw materials, metals. I think you will see costs of finished consumer goods rise for quite a while, though predicting that rate is a guessing game. I also don't think the FED is doing what it takes to contain inflation. Another reason to own commodities.
Hence, my bet is still on commodities for at least this year but quite possibly for years to come. When I first started coming to Fund Alarm/MFO some 15 years ago, commodities was the daily discussion. It wouldn't surprise me we get to that cycle. again.
If I'm wrong I will edit-delete this post to erase all evidence of my stupidity :)

I drive 1-2K/year, so I'm relative impervious to rising gas prices. (Gasoline and used cars have gone up around 40% Y/Y, at least triple any other non-energy category.) But the Starbucks I walk to raised its prices twice in the past four months, adding up to about 20%. Now that hits me where it hurts!
Most staple prices seem to be rising fast enough that one does not need a stop action camera to observe them. They're changing in real time. As you wrote, though, what one sees is what one spends money on.
BLS table of Y/Y and M/M price increases by category, as of February.
https://www.bls.gov/news.release/cpi.t01.htm

“The rate of U.S. inflation rose again in February to 7.9% — a 40-year high — and Americans could face even more pain because of the Russian war on Ukraine. The consumer price index rose 0.8% in the month, spurred by the higher cost of gasoline, food and housing, the government said Thursday. The increase surpassed Wall Street’s forecast of a 0.7% gain. The surge in the cost of living in the past 12 months is the biggest since January 1982.”
Folks can slice & dice this any way they want. The war in Ukraine and resultant commodity shortages are partially to blame. So too is the ramp-up in activity following pandemic induced shutdowns. From an investment standpoint you might argue that this is a signal to buy commodities. But you could also argue that the news was widely expected and so commodities have already been bid up to unsustainable levels. Some will argue that this is just a temporary, abnormal or transient “blip” … that prices will come back down eventually - or will at least begin to rise at a slower pace. Additionally, you can fault the CPI index as overstating, understating, or simply not being relevant to the average consumer. Take your pick.
STORY

Crash +1

$80 may be a critical level for XLE, but its all-time high is higher. And if it cannot breakout beyond $80 this time, it may never. It may be a reversal today, or not.
M* XLE Price 1/1/07-
Stockcharts _XLE 1/1/07-

I thought this was an interesting post today:
Chart of the Day
Today’s Chart of the Day was shared by Shane Murphy (@murphycharts). It's a daily candlestick of the Energy sector over the past six years. The Energy sector is up more than 35% year-to-date, making it the best performing sector by a mile. It hit a seven-year high yesterday, before reversing hard today around $585 ($79 in $XLE). This level acted as resistance five times between 2016-2018. Will the sixth time be the charm? Or, will price continue to be rejected at this familiar level? Either way, this is a pretty important test for the best-performing sector in the S&P 500.

Yep, the markets may be a bit unstable here. Look at various "VIXs" and the related implied daily volatilities (most of the time; and 2x and 3x quite possible).
SP500 VIX 32.45, daily +/- 1.71%
Nasdaq-100 VXN 35.34, daily +/- 1.86%
Oil OVX 73.25, daily +/- 3.86%

Commodities are volatile. They have been red hot, but they don't just go up, and today they sank (temporary?). Many commodity indexes (and ETFs) are heavy in energy or some other sector. There are commodity ETFs that dynamically select commodities with best/better prospects; 3 such did TERRIBLE today, PDBC -7.87%, COMT -10.53%, USCI -10.88%.
https://finance.yahoo.com/quotes/PDBC,COMT,USCI/view/v1

Or just 36 of 1218.

HMEZX and PVCMX are both up YTD. Its nice to see a little green in there somewhere.

At one time I saw where you were a holder of RCTRX which was a good move. I had tried to purchase it awhile back but unable to do so. I wouldn’t necessarily advise buying it now though.

Funny, I just recently sold RCTRX. Decided the only way to hold bonds of any class will be via Allocation funds. I have ZERO feel for when debt will be a "good" investment again, whether that be HY, Munis, MBS, etc.

I am thinking when the fog lifts and momentum swings back to the upside that junk bonds will be the trade in Bondland. In the past they pretty much rose in tandem with equities. I am compiling a list of the junk funds for the next go around, But some people much smarter than me make a compelling case that the 10 year will normalize around 4%. If they finally get it right this time, unlike the past decade, not sure that bodes well for junk corporates. Could be a rough road for anything bond related especially if the Fed decides to actually take a stand against inflation.

You would have done very well today

I assume you mean shorting oil. Yes, it was off 10% at last look.
Shorting is fraught with danger. I suppose a tech savvy player would be able to employ some type of stops to limit damage. But, in theory, your losses can be unlimited. Unlike an asset’s price dropping to 0 and stopping, something’s price has no upside limit (as the nickel speculator found out).

Perhaps if prices rise sufficiently, lease and permit holders in the US might be encouraged to actually drill.
"Historically, the United States has been a net importer of petroleum. During 2020, COVID-19 mitigation efforts caused a drop in oil demand within the United States and internationally. International petroleum prices decreased in response to less consumption, which diminished incentives for key petroleum-exporting countries to increase production. This shift allowed the United States to export more petroleum in 2020 than it had in the past.
Also in 2020, the difference between U.S. crude oil imports and exports fell to its lowest point since at least 1985. Net crude oil imports subsequently rose by 19% in 2021 to an average of 3.2 million barrels per day (b/d) as crude oil consumption increased in response to rising economic activity. We forecast that the United States will continue to import more crude oil than it exports in 2022, reaching an estimated annual average of 3.9 million b/d. However, we expect net imports to fall to 3.4 million b/d in 2023 as domestic crude oil production increases to an all-time high of 12.6 million b/d.
Since 2010, the United States has exported more refined petroleum products, including distillate fuel oil, hydrocarbon gas liquids, and motor gasoline, among others, than it has imported. Net exports of refined petroleum products grew to 3.3 million b/d in 2020 and remained about the same in 2021. We expect petroleum product net exports will reach new highs of 3.6 million b/d in 2022 and 3.8 million b/d in 2023."
https://www.eia.gov/todayinenergy/detail.php?id=51338

The back of the envelope calculations produce a pretty fair approximation of costs, given some simplifying assumptions. It's worth knowing where the oil goes even if that doesn't significantly affect the final figures.
One gets only 19+ gallons of gasoline from a 42 gallon barrel of oil. Most of a barrel of crude is used to produce other refined products. In addition, the total volume of finished product produced from a barrel of crude is currently around 45 gallons. That is, one gallon of crude results in more than one gallon of product. It's a matter of density - dense crude is used to produce less dense final products.

https://www.eia.gov/energyexplained/oil-and-petroleum-products/refining-crude-oil.php

I think Ukraine will have a huge impact on the market and the world for months. As this is solely under Putin's control, I have been interested in learning how he got there and what his motives are.
This is 1 1/2 hours long 2018 Frontline interview with a Russian expert Masha Gessen

Well worth your time, but not reassuring.

Following is an excerpt from today's column by Matt Levine in Bloomberg's "Money Stuff".

Russia’s decision to block foreign owners from seizing hundreds of planes worth about $10 billion is roiling a market where aircraft leases are bundled into bonds and sold to investors.
European Union sanctions imposed on Russia because of its Ukraine invasion give plane owners until March 28 to retrieve the vehicles. But only a handful have been extracted, and hopes for more are dim.
And so some asset-backed securities in the aviation space are coming under duress as a result. Although these types of transactions are designed to survive cash flow problems at the airlines leasing the planes, fully losing access to planes under these circumstances almost guarantees that lease payments that feed these ABS deals will soon dry up, with recourse uncertain.
One fascinating thing here is that, if you are a lessor or lender, you have a lot of legal levers to pull to try to get your planes back, and the lessors are getting creative about pulling them. The lessor can for instance affect the insurance status of the plane, which can affect its official airworthiness, which can get it grounded:
Those able to react quickly have been able to salvage a handful of planes whose insurance and airworthiness certifications are being revoked one by one.
But on the other hand the lessee — the Russian airline — can just launch the plane into the sky and fly it to Russia, where you can't get it.

Today crude oil prices dropped to $108 with OPEC agreeing to increase production. Will gas price stabilize as well? Reading further that Russia is one of the player in the OPEC cartel.

Excerpt from The Financial Times (See link provided)
The London Metal Exchange suspended trading in one of its main contracts after a vicious “short squeeze” sent the price of nickel soaring and left a Chinese metals tycoon facing billions of dollars in potential losses. Nickel prices doubled on Tuesday and briefly rose above a record $100,000 a tonne as banks and brokers rushed to close part of a huge position amassed by Xiang Guangda, the billionaire founder of China’s leading stainless steel producer Tsingshan Holding Group. It later pulled back closer to $80,000.Xiang had bet that the price of nickel would fall, but when the market moved sharply the other way, he would have been required to either post more cash to cover his losses or buy back the position.
See first story on Google Search Page:
Shorting anything is wicked. I’ve been tempted to short the oil market in recent days (such funds exist) but withheld fire.
Music Anyone?

I bought most of my MAPOX shares in 2011, 12 and 15. I sold my 2015 shares in January. They were good about specific Id. I take all distributions as cash. I've felt it has always been a steady Eddy fund with no Maalox moments.
As a balanced mutual fund, I think they are good and I could recommend this fund to everyone.
I'm slowly moving away from balanced funds and moving towards equity ETFs for better tax efficiency. I'll sell more over the next years, but slowly. It is a good fund.