War or recession needed to break persistent low volatility - Goldman Sachs

According to Bloomberg, Goldman Sachs strategists Christian Mueller-Glissmann and Alessio Rizzi said periods of low volatility such as the current one have lasted on average as long as two years. They said it was unlikely fears of Federal Reserve tightening would cause increased volatility, despite swings in the VIX, or the Fear index, over past week. Last month at its latest FOMC meeting, the Fed hiked interest rates for the second time this year but also spoke about tightening its balance sheet towards the end of the year, effectively beginning to reverse the quantitative easing pro...