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.footer .iOSLink a { color: #666666 !important; text-decoration: none !important; } @media only screen and (max-device-width: 480px) { body { padding: 10px !important; } .one-column p, .one-column li { font-size: 19px !important; line-height: 29px !important; } }A daily digest of opinions and analysisThe Populist Wave Hasn't Crested YetThink the next generation of voters is more liberal? Think again. Mihir Sharma explains why that collective gasp of relief over Emmanuel Macron may have been premature, and why young voters across the globe remain drawn to extremes.France's Young President Has a Youth ProblemOn a related note, the 39-year-old centrist Macron won a disappointingly low share of the youth vote for a man who is now France's youngest-ever president. Therese Raphael notes that unless he can find a way to boost employment and create opportunity, Macron will be facing youth protests of his own.The Age of Trump Is 'Defining Deviancy Down'When the president seems inept or corrupt, we shrug. If he ever fumbles through adequately, we praise. Albert R. Hunt considers the Trump presidency in light of the great politician-intellectual Daniel Patrick Moynihan's warning of "defining deviancy down," in which worse and worse behavior comes to be accepted as the norm.Unusually Low Volatility Can Be Dangerous for MarketsExcessive stability breeds instability down the road, and the recent decline in measures of volatility — including a VIX that recently touched levels not seen for more than two decades — increases the likelihood of an future accident for both traders and investors, Mohamed El-Erian warns.Before it’s here, it’s on the Bloomberg Terminal. Find out how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.Ritholtz’s ReadsThe perfect monster ETF trade just played out (ETF.com)Meet the woman who turned Anthony Bourdain into a TV star (Vice)The Danish politician who makes corporate America tremble (Bloomberg Businessweek)(Read Barry Ritholtz’s full daily news roundup here.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe

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