Another Market Anomaly Emerges

More than a few (hundred) commentators have taken a stab at explaining why volatility has remained glued to the flatline over the past several months and to be sure, I've flagged suppressed vol as a warning sign that markets are too complacent on more than a few occasions in these very pages. For those who might have missed it last month, consider that January was the 3rd calmest month to start the year in history as measured by average VIX level and the 5th calmest opening 31-day salvo on reco