Volatility Will Continue to Drift Lower, Credit Suisse's Golub Says

The video discusses the trends in market volatility, noting a decrease since December. It highlights how volatility impacts market movements, not necessarily due to improved earnings or economic conditions. The effects of the government shutdown on the market, particularly the S&P 500, are examined, with a focus on its limited impact on long-term business valuations. The video concludes with a market outlook, suggesting that future trends may align with those seen in the early part of the previous year.

What does the speaker suggest about the value of large global businesses during a government shutdown?

What factors does the speaker mention that were present even when the stock market was performing well?