Volatility Normalization_CBRE November 2018

Volatility Normalization_CBRE November 2018 Interest rate hikes, plunging oil prices, unresolved U.S.-China trade tensions and an uncertain Brexit outcome are all factors lifting market volatility from its doldrums of the past face years. However, even as the stock market works through its fourth major rout this year, the CBOE Volatility Index has remained in line with its long-term historical norm …