And with it, investors are capping a holiday shortening trading week.

The broadest S&P 500 skidded about 1% since last Friday,

with the Dow Jones Industrial average shed about 200 points.

The action is more intense in the bond market,

where treasury is put to the sharpest rally since the start of 2016 as yields fell for the 5th week in a row.

Meanwhile, the Vix, often called Wall Street's "fear gauge"

climbed the most since before the election of Donald Trump.

A separate measure by Credit Suisse that tracks how much upside investors are willing to give up to hedge against downside risks,

near its highest level on record.

All these indicators are pointing to growing anxiety across trading desk about rising geopolitical and economic risks.

In the last week alone, the US has launched missile strikes in Syria,

step-up redirect* against North Korea and used strongest conventional weapon in Afganistan.

This all come less than two weeks before the first round of the French election,

that is expected to be closely watched by market participants

and a pick up* in a quarter earlier report from US companies.

And that's the New York Minute.