Most recent articles by Melissa Brown, CFA
Right-tail risk swings to the left
For months, we have been writing about the unusual and unexpected low level of market risk. Risk for large-cap US stocks has skimmed historically low levels, and most other markets have seen risk far closer to historical lows than to highs. After the market drop on May 17, in the immortal words of Inspector Clouseau, “Not any more”.
VIX – which ...