joining us is dean curnutt. risk?hat happened if we do an inverse correlation of yields in the s&p? dean: it is something the market has not had to grapple with for some time. years.egimes can last the precrisis period -- you have to go back to the 1990's, the old days when a fed-tightening cycle was the signal stock prices would fall. rates up, stock prices down. risk-offrisk on, phase. the correlation was very dominant. blend of a had some 60 efrin 40 or 70-30 stock-bond exposure. or 70-30 stock-bond exposure. right now we are in one of these testing phases where the market is grappling with, are we comfortable with higher yields? yields the cell signal because you have the discount earnings at higher prices? it reminds me of what we grappled with in january, the precursor to the vix knocked down in february was the same dynamic. the market is being tested right now. we will see. some would argue the selloff in higher yields is passed us. alix: when you look at volatility implied at the highest level since april 201

john curnutt/asst.alerrt: the department of justice started looking at programs that they could partner with to try to enhance training capabilities for response to school violence like sandy hook."nat popalerrt studies mass shootings to help identify different types of contributing factors and response tactics that can be improved.the idea was to match that áresearch based áapproach with the fbi's áreach... to not only train agents...but also state and álocal law enforcement.gordon johnson/ special agent in charge, fbi baltimore field office: it puts everyone on the same standard. you could be from one agency and arrive at a scene and end up with someone from a different agency but if you've both been through that training then automatically you know what to dobut according to alerrt áanother reason the partnership has become so critical....it's arming officers with more than just guns...but information. and átraining that helps bridge the gap between áresearch and the real thing. john curnutt/asst. di