doug butler from rockland trust joins us, welcome, doug, nice to have you here. >> nice being on. >> you say that there's more uncertainty in the market, you think, than is currently indicated by the volatility index, commonly known as the vix. >> the vix is indicating low volatility in the market but that doesn't mean there's low uncertainty. i think the markets have gotten a touch complacent. and there's enough events out there that could cause problems down the road. but to be fair, it's been pretty smooth sailing thus far this year. >> is complacent another way of saying that the market is anticipating that everything is going to go pretty much as planned, and is discounting or dismissing the possibility that things could go wrong? >> i think you saw it today with facebook, for example. they had a monstrous number and delivered great results. but they weren't good enough results to really move the meter for that stock. and it came back a bit. i think really the markets are pricing in corporate profits continuing to grow at a very fast pace. i think it's 13 or 14% for this past qu

ashley: doug butler, rockland trust portfolio manager. doug, what is the best thing to do here? is settle or is this a buying opportune even? >> i don't think we're right yet at the buying opportunity level. ashley: yeah. a time to stand pat and not panic sell either. both the threes, economy, employment and earnings are still very strong. ashley: heather what areas do you like in the market given the so tilt that there is rising but are there still areas you like? >> as you mentioned gold is rising on back of people wanting a safe haven trade as well as treasurys are catching a bit down 2.3% on the 10-year. i'm not necessarily saying i like them but i will keep an eye on them as indicator if the markets sell off even more from where we are today this will continue. keep an eye on financials and technology that led the market higher and financials are pulling back the most today so i will be watching that sector. ashley: bill, heather brought that up and financials doing so well. look at numbers, b-of-a down 6%, goldman sachs down five 1/2, morgan stanley down nearly 6%, are you

doug to see is next. this is 10 minutes. [applause] gov. ducey: thank you president butler, and good morning eagles. [applause] [cheers] gov. ducey: to all the faculty, students, family and friends, and of course the 2017 riddle graduates, congratulations on arriving at such a monumental moment. [applause] gov. ducey: and while you are still living in this monumental moment, i encourage each of you to savor it, soak it in, cherish it. because it signifies the closing of a very significant chapter in each of your lives. chapter in each of your lives. and the opening of the next chapter, where countless opportunity awaits you. believe it or not, i was once a college student too. but i did not study aviation or space physics, like some of you. i mean, i am good with math, but not that good. so i studied finance. seattheless, i sat in a very similar to the one that you are sitting in right now, wondering what the world had in store for me. 1986, probably before you were born, yet i still remember the feelings of joy and excitement. wondering remember when our commencement speakers would finally stopped