The Volatility of the US Market

Jason Kuchins: Is it fair that markets should be a little bit surprised and continue to see this type of volatility? Or are we having smoother sailing ahead of us? He says the big question was really how much would inflation decline naturally from healing of supply chains. Then you have the failure of SVB, which I think has an SVB is very idiosyncratic. And so those signs were suggesting that inflation should come down naturally. It hasn't. That's the challenge.