Is this a bull market since April 8 (I bought on that date heavily), or was this all a relief rally off of lows as the full extent of the TACO trade was impressed on investors?
I do believe that this is a long bull market since the start of 2023, with some disruptions. And that we ight be up 10-15% YTD, without the chaos of trade/tariffs. In a weaker market, we might be still down 20%. Just my opinion.

Dear Vanguard Client,
We're writing to inform you that Vanguard will be permanently discontinuing checkwriting services for your IRA account on Sept‍ember 2‍4,‍ 20‍25. This change is part of our ongoing efforts to enhance the security of your retirement savings. We've noticed that many clients have already transitioned to more secure and convenient options, such as electronic bank transfers.
What you need to know
= Checkbook orders will no longer be accepted after Ju‍ly 1, ‍202‍5. If you need new checks before the service ends, please place your order before this date.
= Checkwriting service will be fully removed on IRAs on Sept‍ember 2‍4, ‍20‍25. After this date, your checks will not be processed.
= Nonretirement accounts remain unaffected by this change.

When I looked at VWINX=Vanguard Wellesley at Schwab, the Schwab site says up to $74.95
I entered a buy for $10K for VWINX. The transaction says zero. Same for DODGX.
I haven't used VG or D&C for decades. I can't remember one fund I was interested in the last 20 years that I paid $74.95.

The verbiage clearly changed, otherwise the poster on the other forum would not have stated (somewhat erroneously) that some funds "now have Transaction Fees of $74.95, up from $49.95". You did correct that by saying that Schwab may charge fees up to $74.95.
Schwab charges different fees depending on its arrangements with fund families. I suppose the changed verbiage reduces its website maintenance effort if a fund family stops (or starts) paying for shelf space on Schwab's TF platform:

An increased transaction fee applies to purchases made by self-directed Retail clients of funds from certain fund families that do not pay Schwab for recordkeeping, shareholder, and other administrative services on fund shares held by self-directed Retail clients

To find the actual fee charged (e.g. $49.95 or $74.95), log in and look at the fund page. For example, for MWTIX (a TF fund), its customer page is here
Follow the "View availability and transaction fee" immediately beneath the "Fund Facts & Figures" heading on the fund page.
For MWTIX the fee reads: "Transaction Fee $49.95".
For DODGX, the fee reads: "Transaction Fee $74.95"
These are the fund-specific fees; no "up to's" here.
To see your personalized cost (some customers have TFs waived for some or all funds), enter a test transaction.

Yes, Vanguard and D&C mutual fund TFs have been $74.95 for a while.
TFs for other firms' mutual funds were listed as being $49.95.
This no longer seems to be the case.
I checked the Fund Facts & Fees section for several "other" funds and it stated:
Schwab Transaction Fee Up to $74.95.
Not sure if TFs increased or if the verbiage just changed.

I didn't find any recent Schwab announcements regarding TF increases
Nov 1, 2021:

The cost of buying any no-load fund that’s not on Schwab’s NTF list is $49.95.
At least that was the case until today. The $49.95 purchase-only transaction fee remains in place for most non-NTF funds. But retail investors who buy Vanguard, Dodge & Cox, or investor-class Fidelity funds via Schwab will pay more: $74.95.

https://soundmindinvesting.com/articles/schwab-increases-transaction-fees-for-vanguard-and-fidelity-funds

Someone posted on another forum: "Some of my favorite funds at Schwab now have Transaction Fees
of $74.95, up from $49.95."
I spot-checked several TF funds at Schwab.
The Fund Facts & Fees section states: Schwab Transaction Fee Up to $74.95.
The specified dollar amount was previously $49.95 for these particular funds.
I didn't find any recent Schwab announcements regarding TF increases but didn't conduct an exhaustive search.

@Larry - Didn’t someone from the administration call earlier today and tip you off about the pending ceasefire agreement?

https://www.sec.gov/Archives/edgar/data/1329954/000119312525143354/d947638d497.htm
into John Hancock U.S. Growth Fund

https://www.sec.gov/Archives/edgar/data/822977/000119312525143668/d857736d497.htm
Goldman Sachs Enhanced U.S. Equity Fund
Goldman Sachs Strategic Growth Fund
https://www.sec.gov/Archives/edgar/data/822977/000119312525143674/d66829d497.htm
Goldman Sachs Focused Value Fund
https://www.sec.gov/Archives/edgar/data/822977/000119312525143676/d93714d497.htm
Goldman Sachs Technology Opportunities Fund

https://www.yahoo.com/news/leading-ai-models-show-96-115311248.html

“Models didn’t stumble into misaligned behavior accidentally; they calculated it as the optimal path,” they wrote.

As far as I know, all of the well-known AI LLM's were tested. I should add that the AI's were threatened with being taken offline, or otherwise thwarted.

In the prospectus, pull up the 5/20/25 Supplement (from dropdown in upper right)
https://prospectus-express.broadridge.com/summary.asp?doctype=pros&clientid=trowepll&fundid=77954M105

In the Summary Prospectus and Section 1 of the Prospectus, the portfolio manager table under “Management” is supplemented as follows:
Effective June 30, 2025, Vivek Rajeswaran, Mike Signore, and Brian Solomon will become co-portfolio managers of the fund. David R. Giroux will remain as the fund’s portfolio manager and sole chair of the fund’s Investment Advisory Committee. Mr. Rajeswaran joined T. Rowe Price in 2012, Mr. Signore originally joined T. Rowe Price in 2015 and returned in 2020, and Mr. Solomon joined T. Rowe Price in 2015.

This isn't included in the manager information because it hasn't happened yet.
The real shock is that Shadow seems to have missed this (gasp!). That's about as unlikely as oil prices dropping after the US bombs Iran. Or to borrow from Ghostbusters, the next thing we'll have are dogs and cats living together.

My parents have a slug of american funds in a capital group 403b. if I take their 25 years of investing in it and compare that to a risk adjust index portfolio its basically cost them about 100bps a year. some of that is because they are in R2 shares which are i think the most expensive share class. (they don't pay much in 403b fees so I assume thats the reason) When I ran it with F1 it was much closer.

The Junk Bond Reckoning is Coming in 2023 by Jonathan Levin, 12/27/22 (link)
PHIYX made 12.75% in 2023.
=================
PHIYX made 3.2% in 2025.

Since the 80s, about 40 years, wars didn't influence the markets short-mid term, why would it happen now?
The period of 2000-10 SPY lost close to 10% in 10 years, nothing to do with war.
Several institutions suggest the next 10 year about 5-6% for stocks and 4-5% for bonds, that's great for my style of mostly unique bond funds. I will take 6% for the next 10 years.

As I said before, no need to complicate things, just invest based on your age, goals, and style.
The war started on June 13th, 10 days ago.
SPY is up over 1%
The iShares MSCI Israel ETF (EIS) is up 9.5%. Did anyone predict that?

Boeing makes the MOP. They appear to specialize in things that fall from the sky and result in destruction.

:-)
If one is looking for investment opportunity here, perhaps Northrup Grumman (B-2 manufacturer) is the better long term investment.

The Air Force awarded Northrop Grumman a [service] contract worth up to $7 billion ... set to run through 2029.
...
The Air Force is notionally planning to retire the dual-capable B-2 in the early 2030s — replacing it with the B-21 Raider, also a Northrop Grumman product ... Officials expect to buy at least 100 B-21s, which will replace both the B-2 and Boeing B-1 Lancer. The Air Force will then drop to a two-bomber fleet, [... the B-21s] and Boeing’s B-52 Stratofortress

https://breakingdefense.com/2024/05/northrop-wins-7-billion-air-force-contract-for-more-b-2-sustainment-upgrades/

I have been considering buying NOC for a long while. I have several friends that work there, actually. M* thinks they are well below FMV ($620). Currently up 7% YTD.
I do own RTX, as a spinoff of UTX. It has served me well and is up around 27% YTD. And a 5-yr return of ~20% annually.

https://www.sec.gov/Archives/edgar/data/80248/000199937125007852/nhf-497_061725.htm
497 1 nhf-497_061725.htm DEFINTIVE MATERIALS
T. Rowe Price New Horizons Fund
Supplement to Prospectus and Summary Prospectus dated March 1, 2025
In the Summary Prospectus and Section 1 of the Prospectus, the portfolio manager table under “Management” is supplemented as follows:
Effective July 21, 2025, Shaun Michael Currie will join Joshua K. Spencer as the fund’s co-portfolio manager and cochair of the fund’s Investment Advisory Committee. Effective September 30, 2025, Mr. Spencer will step down from his role on the fund and, effective October 1, 2025, Mr. Currie will become the fund’s sole portfolio manager and sole chair of the fund’s Investment Advisory Committee. Mr. Currie joined T. Rowe Price in 2016.
In Section 2 of the Prospectus, the disclosure under “Portfolio Management” is supplemented as follows:
Effective July 21, 2025, Shaun Michael Currie will join Joshua K. Spencer as the fund’s co-portfolio manager and cochair of the fund’s Investment Advisory Committee. Effective September 30, 2025, Mr. Spencer will step down from his role on the fund and, effective October 1, 2025, Mr. Currie will become the fund’s sole portfolio manager and sole chair of the fund’s Investment Advisory Committee. Mr. Currie joined the Firm in 2016, and his investment experience dates from 2010. During the past five years, he has served as an equity research analyst and, beginning in 2023, as a portfolio manager and associate portfolio manager.
The date of this supplement is June 17, 2025.
F42-041 6/17/25

@msf It's hard to believe there would be that much difference between Sunday night & Monday morning!! Last night VG showed 3 or 4 bank cd's. Seems I forgot to mention what I was looking at: 18 month non callable. That has remained.
Rechecked Schwab 18 month cds, list of4 or 5 banks cds now. I see NO zero coupon listed.
@Old_Joe Did you happen to check rates at Schwab last night. The page I was looking at had 20 or more cds listed.
Would bombing by US caused this list to vanish, be pulled.
I don't have an answers.

Boeing makes the MOP. They appear to specialize in things that fall from the sky and result in destruction.

:-)
If one is looking for investment opportunity here, perhaps Northrup Grumman (B-2 manufacturer) is the better long term investment.

The Air Force awarded Northrop Grumman a [service] contract worth up to $7 billion ... set to run through 2029.
...
The Air Force is notionally planning to retire the dual-capable B-2 in the early 2030s — replacing it with the B-21 Raider, also a Northrop Grumman product ... Officials expect to buy at least 100 B-21s, which will replace both the B-2 and Boeing B-1 Lancer. The Air Force will then drop to a two-bomber fleet, [... the B-21s] and Boeing’s B-52 Stratofortress

https://breakingdefense.com/2024/05/northrop-wins-7-billion-air-force-contract-for-more-b-2-sustainment-upgrades/