If you spend enough time on our site, you will hear us talk about. Today, Frank joins the set to offer up a small twist on this idea with mode reverting volatility. Here, rather volatility returning to its average over some previous period of time, it reverts back to its most frequently occurring value over that time window. This type of clustering shows us that it is indeed very difficult to , but it also begs the question – is this the new normal? We ask Frank that very question.