Though volatility in the market has been notably tame (perhaps even boring) this week, UBS is urging caution: That lull probably won’t last.

“Wall Street’s most prominent gauge of investor anxiety, the VIX index of
implied stock volatility, closed below 17 on Thursday for the first time since
the pandemic began last year,” UBS Global Wealth Management chief investment officer Mark Haefele pointed out in a Friday note. “But with