From the editor...
Author: Andrew Van Sickle
Parents of young children, and pet owners, often start to worry when they have been enjoying an unusually long period of silence. Investors are experiencing a similar sensation. Markets seem calm, with equities at record peaks; US stocks, which dictate sentiment in world markets, are historically expensive. Global stockmarket volatility is low compared with historic norms, says Omid Shakernia of Research Affiliates, but “volatility’s tendency to revert towards a long-term average is well establi...