- Things are calm now, with the VIX near its lowest levels this year, and the S&P 500 not having moved more than 1% in either direction for more than a month.
- A "vortex of negative headlines," coming in June could change things, says Bank of America's Head of U.S. Equity & Quantitative Strategy Savita Subramanian. Among those: the Brexit vote, the June Fed decision, and the U.S. election. "One of the things we've noticed is that about six months ahead of November in an election year, the market typically peaks and trends downward."
- She also notes the curiosity of the Fed being in tightening mode during a corporate profits recession.
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