As much as we try to discourage the discussion of politics here (although some people are simply too ill-mannered to follow the rules), it is unavoidable to mention that the runoff race in Georgia today is the centerpiece of market observation. It’s a truly singular occurrence to have a single state hold such a binary event in its hands. Runoff elections typically receive almost no national attention, whereas this one is garnering as much fixation as the real race we have early in November. Thus, the VIX is showing a pulse: