World Cup Coming as Traders Seek Rescue From Market Mayhem
- Adage says summer lull starts early in World Cup years
- Volatility fell during four out of the last five tournaments
Photographer: Michael Steele/Getty Images
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There may be hope in sight for traders reeling from the recent market swoons and it comes from an unlikely source - Russia.
An adage among the soccer faithful has it that the summer lull in markets kicks off early whenever the World Cup takes place. A look at historical volatility data suggests they may -- just -- have a point.