US stocks are heading into the final two months before the midterm elections with an unusual sense of calm, but beneath the surface, market positioning suggests investors may be ill-prepared for a shock, according to a Reuters analysis.
Stocks remain near record highs despite recent bond market volatility, while the Cboe Volatility Index, Wall Street's main fear gauge, is hovering near its lows for the year. At around 15, the VIX is below its long-term median of 17.6.
