Hot Links: Budget BloodbathPosted March 16, 2017 by Joshua M Brown What I'm reading this morning: "America First: A Budget Blueprint to Make America Great Again," would increase defense spending by $54 billion and then offset that by stripping money from more than 18 other agencies. (Washington Post) Donald Trump Budget Slashes Funds for E.P.A. and State Department (New York Times) President Trump’s budget calls for a seismic disruption in government-funded medical and scientific research. (Washington Post) Chart: Winners and losers in Trump’s budget (Reuters) Goldman Sachs Goes on Buying Binge for Delinquent Mortgages (Wall Street Journal) A custom tailored swamp for Icahn (Bloomberg) Does the Stock Market Care Who the President Is? (A Wealth Of Common Sense) "History shows that Treasury bonds are a better hedge against a market crash. Gold is financialized to a large extent and may also drop during a rapid stock decline." (Price Action Lab) Why don't IBM shares command the typical cloud stock multiple? (Barron's) Dutch voters say no to white nationalism (WSJ City) Follow Ritholtz Wealth on Facebook! (Facebook) Now go talk about it. facebook twitter linkedin Read this next.October 7, 2014 Hot Links: Trying Really HardMay 12, 2017 Hot Links: It Always Ends BadlyMay 3, 2017 Hot Links: Backfire!