What is volatunity?

The global economic cycle is apparently turning, with a modest upturn now likely. But this next phase is likely to be fraught with major risks that could threaten the recovery or at the very least crimp growth. Can investors protect their portfolios or even take advantage of renewed volatility? Financial markets are still primarily driven by the global macro environment and political backdrop. There is good news: the US appears to be leading the global economy out of this soft patch. Deleveraging has been considerable to date and bank balance sheets are in a much better position. Even...