FYI: At first glance, the burst of volatility in 2018 is difficult to square with propitious micro and macro fundamentals. The backdrop is one of steady economic growth; strong corporate earnings; and low rates of unemployment, inflation and default. None of these is a departure from 2017, a year when the S&P 500 Index experienced the lowest level of realized volatility in more than 50 years. Why, then, were the daily swings in the index during the first quarter more than three times what they were during the fourth quarter?
Regards,
Ted
https://www.bloomberg.com/view/articles/2018-04-26/markets-today-have-much-in-common-with-2007?srnd=etfcenter
