Records for the three last week. We settle back once again. The gains we have seen were not dramatic ones. It has been slow and incremental progress. Volatility continues to be very low as well. Take a look at the bloomberg. We have vix and yellow and a correlation between stocks in the s p 500. This is something that has been a part of the conversation about low volatility that we were not seeing much correlation between stocks. That was one of the things that was tied in with volatility being low. Correlation appears to have bottomed, at least for the short term, and is going back up to stock movements are a little more tightly correlated we will see if that is indeed a precursor to the vix rebounding at all. In terms of what is moving, to some extent we have strength and financials. Not a future amount, but enough to offset some of the losses we are seeing in drugmakers, for example. Jpmorgan, citigroup, and bank of america are trading higher, along with a bump up in rights, after a
Records for the three last week. We settle back once again. The gains we have seen were not dramatic ones. It has been slow and incremental progress. Volatility continues to be very low as well. Take a look at the bloomberg. We have vix and yellow and a correlation between stocks in the s p 500. This is something that has been a part of the conversation about low volatility that we were not seeing much correlation between stocks. That was one of the things that was tied in with volatility being low. Correlation appears to have bottomed, at least for the short term, and is going back up to stock movements are a little more tightly correlated we will see if that is indeed a precursor to the vix rebounding at all. In terms of what is moving, to some extent we have strength and financials. Not a future amount, but enough to offset some of the losses we are seeing in drugmakers, for example. Jpmorgan, citigroup, and bank of america are trading higher, along with a bump up in rights, after a
Records for the three last week. We settle back once again. The gains we have seen were not dramatic ones. It has been slow and incremental progress. Volatility continues to be very low as well. Take a look at the bloomberg. We have vix and yellow and a correlation between stocks in the s p 500. This is something that has been a part of the conversation about low volatility that we were not seeing much correlation between stocks. That was one of the things that was tied in with volatility being low. Correlation appears to have bottomed, at least for the short term, and is going back up to stock movements are a little more tightly correlated we will see if that is indeed a precursor to the vix rebounding at all. In terms of what is moving, to some extent we have strength and financials. Not a future amount, but enough to offset some of the losses we are seeing in drugmakers, for example. Jpmorgan, citigroup, and bank of america are trading higher, along with a bump up in rights, after a
I am a fellow, prod to have you all here, and also i am one of your two cohosts from representing the school of Public Policy and Public Administration, where we prepare lots and lots of wonderful students for federal service as well as service in a variety of part of the public and nonprofit sector. Im delighted to be here for several reasons. Good to see a lot of my old friends. With 12 of our faculty are not the fellows. At least a couple of us are here at this sort of midsummer, a lot of people at the beach and its great you all are you. Its an important topic, and we are delighted to be here to invite you to host, and also its wonderful always to see gene dodaro. Just a couple months ago i was up on this stage giving, being part of the arthur awards commission to give gene a Lifetime Achievement award. I dont know if you know that but he was an Arthur Flemming award winner very early in his career. Its an award that goes to federal leaders early in their career, and as i said it w
Environment. This is a little more than two hours. Thank you, kathy. Thank you all of you for joining us on an august when state for not being on recess. And instead coming to join us for what we think is a very timely event. I would also like to thank kathy barbara and the American University school of Public Administration for sponsoring the event. For those of you may not be familiar with the academy, we are a nonpartisan, nonprofit chartered organization. Charged with identifying emerging issues of governance to help federal, state, and local governments improve. The academys mission is to provide advice. Advice that is timely, actionable, and objective on Public Management issues. Sellers who are current and former cabinet officials, members of congress, governors, mayors, legislators, jurors, business executives, public managers, and scholars. They are elected fellows because contribution through called scholarship and government service. This year we are celebrating our 50th ann