Some worry that a lack of volatility will continue to haunt...

Some worry that a lack of volatility will continue to haunt various markets, perhaps until the Federal Reserve signals higher interest rates are imminent following a long period with benchmark rates near zero.

“I actually find myself daydreaming about winning ‘Dancing With the Stars’ on some days in the office,” Mr. Jones, of Tudor, joked at an investment conference this spring. “It’s gotten to be very difficult, when you depend on price movement to make a living, and there is none.”

sort of know how he feels