Warning of equity sell-off as investors lulled into 'false sense of security'

In a report entitled VIX and tax promises lulling investors into false sense of security, James Butterfill (pictured) head of research and investment strategy at ETF Securities, said there was little fear in the market, which is reflected in the CBOE Volatility index (VIX) remaining "exceptionally low", and equity markets such as the S&P 500 and Dow Jones hitting record levels.  This, he said, is a result of investors expecting President Trump to deliver on his controversial policies such as injecting a $1trn fiscal boost into the economy through infrastructure projects, cutting corporat...