One part no one thinks of Donald Trump’s return to the White Dwelling is that it can per chance well herald four years of peaceable, predictable government. Right here, then, is a puzzle for readers attracted to the more abstract bits of finance. Why used to be Mr Trump’s re-election greeted by resounding drops in volatility all internationally’s most critical markets?

This text seemed in the Finance & economics allotment of the print edition below the headline “Threat off”