CBS News – Friday's rebounding stocks are not enough to make up for the steep losses earlier in the week. The hit comes after retail giants Walmart and Target reported lower than expected earnings. Nancy Davis, chief investment officer for Quadratic Capital Management, spoke with CBS News anchors Nancy Chen and Tanya Rivero about how the recent market volatility affects Americans.

The attached video represents the opinion of the manager about the markets. It should not be regarded as investment advice or recommendation of specific securities.

For IVOL standard performance and top 10 holdings please click here. Past performance is no guarantee of future results. Diversification does not protect against market risk.

For BNDD standard performance and top 10 holdings please click here. Past performance is no guarantee of future results. Diversification does not protect against market risk.