1/3 the economic policy uncertainty index (EPU) has almost reached historical peaks in dec'21 and jan'22. it is compiled based on newspaper articles and searches them for frequency of certain trigger words. fred.stlouisfed.org/series/USEPUIN…
2/3 it has peaked near tight presidential elections, wars, the financial crisis and fiscal battles such as debt ceiling debates. Check out the details from its creators here: policyuncertainty.com/media/BakerBlo…
3/3 have spikes historically been good for stock market returns? the table below shows the highest EPU levels since 1985 and what the next 12 months $spx returns were. 
they also have done the analysis on a long term horizon. note that 1965 was pretty much the worst time in the 20th century to buy the s&p. uncertainty is the friend of the long term investor.
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