‘Freak Out’ Indicator Soars to Record With War Sparking Trader Anxiety

(Bloomberg) -- Investors wary of being wrong-footed by twists and turns in the Iran war are trading stocks at a record intensity, one market measure shows. Wall Street traders have been on edge, hanging on every development in the Middle East and the often unpredictable missives of President Donald Trump. One technical metric, the daily turnover in the State Street SPDR S&P 500 ETF Trust, has breached $60 billion — a reading seen as a “freak out” indicator by Bloomberg Intelligence strategists —