Does Economic Volatility Affect Stock Market Volatility?

We finally had some volatility in the markets this year after an extraordinarily calm 2017. Investors seem to worry under both scenarios. When volatility is low, the worry is that it will pick up in the future. And when volatility spikes, the worry is that it will continue. The truth is both periods of subdued volatility and craziness in the markets are both perfectly normal. This is how markets function over time. The fo…