Professor Menachem Brenner is interviewed by Wall Street Journal

Volatility Is Low But Ambiguity Is Sky High

Prof. Menachem Brenner said ambiguity looks a lot like it did between 2004 and 2006, when the measure was on the rise alongside stocks. The main difference, however, is that ambiguity is a lot higher now.

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(Original article: Wall Street Journal, Dec 11, 2017)

Excerpt: "Two academics are rolling out a new measure of market fear that suggests investors aren’t nearly as complacent as they seem. The gauge of so-called ambiguity, meant to chronicle the degree..."