But impending partisan fiscal debates could cause short term volatility write Hofschire and Emsbo-Mattingly. From the report:

"While policy risks continue to populate the headlines, the overall trend during the past 18 months has been the gradual receding of systemic risk. In the U.S., the ongoing fiscal debate is still creating uncertainty—a headwind for business investment—and the potential for rancorous discussions may trigger headline and market volatility over the next three months."