April looks set to be the worst month since August 2015 (when China devalued and turmoil spread across the world) for global financial stress.
As Bloomberg reports, rising geopolitical concerns are pushing a gauge of anxiety for global asset classes to this year’s high.
Bank of America Merrill Lynch’s Global Financial Stress Index climbed to 0.24 last week, meeting the peak reached in February and rebounding from a low at the end of March. A positive reading indicates more financial-market stress than normal.
This signal suggests more possible downside to US equities…