The Uncertainty of the Stock Market

When you look at a VIX that during the week, I don't know if it's close below 13 or it was certainly during the week below 13. You think, wow, that is a low level of uncertainty priced into those markets. It is surprising. And I think this is again why I think what we do in our world is pretty robust because often when people make these calls about, oh, yeah, we're going to have this and this environment over the next six months and often it just doesn't pan out.

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