The Bank of America (BAC) Merrill Lynch Global Financial Stress indicator has spiked above zero for the first time in over two months, according to Bloomberg data.
The indicator measures market stress by weighing cross-asset risk, hedging demand and investment flows. Any reading higher than zero hints there is more stress in the equities market than usual.
The Global Financial Stress indicator had previously spent the last 78 days below zero as investors continued to snap up stocks. It's recent spike comes as tensions between the U.S. and North Korea escalate.
The Bank of America Merrill Lynch reading follows a surge in Wall Street's favorite fear gauge the VIX.
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