may 17th is in the books on Wall Street
mit has been a bruisin day for stock
markets as reports that President Donald
Trump sought to interfere in an FBI
investigation were digested by investors
major indices all experienced their
biggest one-day decline since US
election and the CBO is VIX index a
measure of implied volatility in US
equity markets so its biggest one-day
rise in September 2016 defensive stocks
outperformed with utilities and real
estate
the only sectors in the S&P 500 to end
the day with gains financials trailed
the broader index weighed down by
declining longer-dated Treasury yield
the difference between the two year
Treasury yields and ten-year Treasury
yield fell to levels last seen since
before the US election a sign that the
prospect of a steeper yield curve
predicated on higher growth and
inflation expectations has abated the US
dollar fell sharply falling to
pre-election levels and gold soared
experiencing its best days since the UK
voted to leave the EU as investors
favored Haven Athens and that's the New
York minute