April 13th is in the books and with it
investors are capping a holiday
shortened trading week the broad S&P 500
skidded about 1% since last Friday well
the Dow Jones Industrial Average shed
about 200 points the action was more
intense in the bond market where
Treasury exposed to the sharpest rally
since the start of 2016 as you fell for
the fifth week in a row meanwhile the
VIX Walton claw streets 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 the hedge against downside risks
neared its highest level on a record all
these indicators are pointing to growing
anxiety across trading desk about rising
geopolitical and economic of risk in the
last two weeks alone the US has launched
missile strikes in Syria stepped up
rhetoric against North Korea and use the
strongest conventional weapon in
Afghanistan this all comes less in two
weeks before the first round of the
French election that is expected to be
closely watched by market participants
and a pickup in quarterly earnings
reports from US companies and that's the
New York minute