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Uneasy calm

STATISTICS don’t lie. The US stock market is hitting new highs, just like many other exchanges around the world. The volatility index, also known as the fear index, is at a low.

But somehow, it does not seem like the markets are poised for a bull run. Instead, fund managers generally agree that this is a period of “uneasy calm”.

Aberdeen Asset Management Sdn Bhd managing director Gerald Ambrose describes the situation as the calm before the storm.

“The market is currently in an odd situation, where it doesn’t really feel like a bull market, but no one seems to be very bearish on it,” he tells Star…
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