Market volatility has taken a huge leap over the last couple of days, and it looks set to continue this morning. Over last Friday and yesterday, the S&P 500 index lost over 6% of its value. This came as a shock to many since the S&P 500 has gone over 300 days since the last 3% decline. For context, corrections in the stock market of 10% have historically occurred about once per year, although we haven’t seen such a decline since early 2016. In an environment that is absent of otherwise normal volatility, investors can become complacent to risks that are not recently observed. This, in turn, can bring on a stronger reaction when routine market declines finally do return.