Some people are never happy.
Increased market volatility as part of the “new normal” is the subject of countless debates, an immeasurable amount of news stories and largely the reason for the rise in popularity of alternative investments. But concern doesn’t dissipate when markets calm, as the relative stability experienced in recent weeks is simply dismissed as the calm before the storm, egged on by the possibility of reaching the fiscal cliff and other concerning economic data.
But is something else at play which might explain the eerie market silence?
Yes, says a new research paper from risk management firm Axioma; a little thing called a presidential election.