Faculty Publications

Title

What, Me Worry?

Document Type

Article

Publication Date

5-22-2017

Abstract

After falling dramatically on Wednesday in reaction to concerns about political setbacks and controversies in the nascent Trump administration, the equity markets rebounded nicely on Thursday and Friday and all the major domestic indexes are near all-time highs. While volatility briefly spiked, the widely followed VIX index (a measure of expected future short-term volatility) is trading near the low end of its historical range.