Answer:
It is an arctic double breasted formal wear.
I am the hole in the night, the ever watchful eye. I return in a cycle, to enlighten the sky.
I cut through evil like a double edged sword, and chaos flees at my approach. Balance I single-handedly upraise, through battles fought with heart and mind, instead of with my gaze.
I cannot be felt, seen or touched. Yet I can be found in everybody. My existence is always in debate. Yet I have my own style of music.
I can ruin your day, or darken your life. And while I'm expected, I'm never alright. I'm bad for business, and worse for your hair. Wherever I am, there's something not there.
I can only be played on a windy day