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April 13th is in the books.
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And with it, investors are capping a holiday shortening trading week.
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The broadest S&P 500 skidded about 1% since last Friday,
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with the Dow Jones Industrial average shed about 200 points.
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The action is more intense in the bond market,
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where treasury is put to the sharpest rally since the start of 2016 as yields fell for the 5th week in a row.
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Meanwhile, the Vix, often called Wall Street's "fear gauge"
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climbed the most since before the election of Donald Trump.
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A separate measure by Credit Suisse that tracks how much upside investors are willing to give up to hedge against downside risks,
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near its highest level on record.
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All these indicators are pointing to growing anxiety across trading desk about rising geopolitical and economic risks.
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In the last week alone, the US has launched missile strikes in Syria,
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step-up redirect* against North Korea and used strongest conventional weapon in Afganistan.
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This all come less than two weeks before the first round of the French election,
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that is expected to be closely watched by market participants
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and a pick up* in a quarter earlier report from US companies.
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And that's the New York Minute.