Why financial markets are so oddly calm
Indicators of market volatility have plunged
One thing nobody thinks of Donald Trump’s return to the White House is that it will herald four years of quiet, predictable government. Here, then, is a puzzle for readers interested in the more abstract bits of finance. Why was Mr Trump’s re-election greeted by resounding drops in volatility all across the world’s most important markets?
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This article appeared in the Finance & economics section of the print edition under the headline “Risk off”
From the November 16th 2024 edition
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