VIX has spent the whole of August below 14, and remains – at time of writing – close to its lowest levels in two years. But the present calm may be dependent on a short-term seasonal effect; and we are approaching the traditional period where it ends. August is traditionally a quiet month for U.S….
The world’s equity markets have encountered a rocky introduction to 2016; including the worst ever start for the Dow Jones Industrial Average (against a record that stretches back to 1897) and steep falls across developed and emerging markets. Equity markets are down more or less everywhere, and in many cases materially so. What difference does…