Good afternoon, everyone. My name is wayne abernathy, executive Vice President for Financial Institutions policy at the american bankers association. Here in the Federalist Society, i am the chairman of the Financial Services Practice Group, who is sponsoring this session today, financial administrationhe Administrative State. We very much appreciate you being here to listen from our very experienced, distinguished, and insightful panel. If you happen to be interested in the work of a Financial Services Practice Group at the Federalist Society please contact me or one of the officers and weekend at you involved, we love to have people involved. Now my important duty besides that is to introduce the moderator for today, judge carlos baya. He serves as a judge on the ninth circuit. He received his bachelors from stanford and his jd from stanford law. He was born in spain. He immigrated to cuba in 1939. Notice, you might not unless he stands up, of course you will, the judge served on the
Good afternoon, everyone. My name is wayne abernathy, executive Vice President for Financial Institutions policy at the american bankers association. Here in the Federalist Society, i am the chairman of the Financial Services Practice Group, who is sponsoring this session today, Financial Regulation of the Administration Administrative state. That is a longterm or a very topic. We very much appreciate you being here to listen from our very experienced, distinguished, and insightful panel. If you happen to be interested in the work of a Financial Services Practice Group at the Federalist Society please contact me or one of the officers and weekend at you involved, we love to have people involved. Now my important duty besides that is to introduce the moderator for today, judge carlos baya. He serves as a judge on the ninth circuit. He received his bachelors from stanford and his jd from stanford law. He was born in spain. He immigrated to cuba in 1939. In 1952, you might not notice unle
Youre getting ownership of a company, some are higherpriced, shorter duration. You may buy something at 85, if they refinance, everything trains up to par. We also have some securities that came out of distressed, become equities, but they have done really become darlings of the mutual fund world yet. That transition creates a value gap that is quite tangible and large. Erik what is the stupidest place to take risk today . Josh that is a hard one for me to say. Im not sure i can give you a good answer but i would avoid being in very longduration low coupon bonds of any sort, particularly of investment grade. There is not a lot of upside remaining in highgrade longduration bonds. Relationshipric between the upside and downside. How do you think things will evolve over the next couple of years . If you were to cast your mind for 12 months, where would you be deploying capital . Monthsver the next six it is hard for me to look out an entire year. You dont know what accident will happen in
Points, the nasdaq down 21, and the s p slipped by 4. Gold was up 6 dollars and oil 14 cents. Apple tops estimates the tech giant reported earnings and revenues that were better than expected after the close. Iphone sales reached a record, but ipad sales came in short. The sec is accusing a texas man of running a Bitcoin Ponzi scheme. He allegedly raised 4. 5 million from investors in multiple states. Whats tap in to the trading mind of Mark Sebastian of option pit mentoring. Good morning, mark. Good morning, angela. 1700 is within sight for this s p 500. What do you think . I think were going to trade there. Weve seen market volatility really fall off at the last 20, 30 points of this rally. That shows me that the market is starting to really buy into this. And were back into kind of the april, may, earlyjune portion of the market, where we had this slow crawl higher. A lowvolume market is one thats going to tend to creep higher, and i think thats what were seeing. Dont be surprised i