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"Calm Before The Storm?" UBS Warns Of Stock Market Turbulence As Midterms Loom
"Calm Before The Storm?" UBS Warns Of Stock Market Turbulence As Midterms Loom
"This may be the calm before the storm," UBS chief economist Arend Kapteyn wrote in a note on Wednesday morning.
Kapteyn is referring to a historically turbulent stretch for equity markets ahead of midterm elections, which threatens to amplify the seasonal rise in market volatility.
"Indeed, since 1928, these have been the most volatile months of the calendar, with volatility increasing in both election and non-election years before falling sharply thereafter," Kapteyn continued.
Since 1950, the president's party has lost...
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