how he was able to win his first major after nearly two decades in so many near misses. have a look at where european equities trading. where 30 minutes away from the end of the tuesday session. stocks were up and then down. they are both down by 1%. market, although rising against the u.s. dollar today. i m not going to say were let currency. we are going to talk to jeremy and just a second. yields are increasing in spain. as you can see, haven trades are benefiting. we have a wonderful chart today showing the volatility and how it s increasing. have a fewr one, we weeks to go before the french election. avestors are preparing for shock in swings. there been rallies for 10 consecutive days. that is the longest since 2011. it overshadows the increase. vix, itease and in the is half as much. we have a volatility index. it s increasing before the french election. market complacency is given way to extreme cautiousness. the spread between one month implies volatility closing at