No Cheap Way to Hedge Against Upcoming Volatility, Says Lombard Odier's Monier

The video discusses the anticipated market volatility due to the upcoming November vote, highlighting that the options market has already priced in this volatility for October and November. Despite the political debate lacking substantial economic insights, the speaker remains optimistic about economic recovery, supported by potential vaccine development by the end of the year and a vaccination campaign in 2021.

What factors contribute to the belief in economic recovery mentioned in the text?

What role does the potential discovery of a vaccine play in the economic outlook?