Stocks face a growing list of threats — so why are investors staying so calm?
Why now
Thesis: Calm markets despite risks raise repricing asymmetry.
Catalyst to watch: Unexpected event forcing volatility repricing.
Main risk: Sudden sharp drawdown when calm breaks.
Why it matters
Low realized volatility despite known risks can persist until a catalyst forces repricing, raising asymmetry.
Details
Investors are well aware of the risks, but they have simply decided none are significant enough to force them out of the market.
Related assets & topics
S&P 500 ETF · SPYSources
- marketwatch · 2026-09-19 11:30 UTC