As noted earlier this week, the market hit a new high (or is that low) in complacency earlier this week when we reported that August has seen the least volatility since 1995. Goldman’s David Kostin picks up on this theme in his latest letter and writes that “the current streak of market stability represents the longest period without a 1%+/- daily move since the summer of 2014. Volatility has been similarly subdued with the VIX at 14.”