This Gauge of Political Turmoil Stays Near Record High
- Washington turmoil is increasing, says Philadelphia Fed index
- So far, investors have been sanguine about Trump vs. everyone
JPMorgan's Craig on Why You Should Remain Invested
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Political turmoil in Washington has produced a reaction on Wall Street: yawns.
The Partisan Conflict Index, calculated by the Federal Reserve Bank of Philadelphia, stayed near record highs in August, while the VIX, a measure of expected stock volatility also known as the fear index, continued on its merry, upbeat way despite congressional battles over health care, taxes and a federal debt limit.