An Equity Chief at one of Wall Street's Biggest Firms Breaks Down the Hottest Story in Markets Right Now
The equity market is quiet — some might say too quiet.
For evidence of that, look no further than the CBOE Volatility Index, or VIX, which serves as stock market fear gauge and on Monday closed at its lowest level since 1993.
It's a development that has confounded Wall Street traders and strategists alike for weeks. They have debated whether the environment is as calm as it seems or whether the depressed VIX is masking a stock market shock brewing under the surface...