I de seneste årtier har den globale politiske usikkerhed ikke været så stor som nu, viser en opgørelse fra Goldman Sachs, men det har alligevel ikke ført til en større volatilitet på markederne.
Uddrag fra Goldman Sachs:
Split Decision
Elevated economic policy uncertainty (EPU) has become standard across the globe, though implied volatility (VIX) has not followed suit. Many investors expect volatility to rise as it converges to higher EPU, but in our view this trend may persist. Broad expectations for contained global inflation and central bank responsiveness appear to be holding volatility down, while the unrelenting volume of headline risk elevates EPU. In other words, few signals, plenty of noise.
