Wall Street traders are increasingly focusing on economic risks, with the Federal Reserve’s rate hikes and recession fears topping their concerns. The CBOE Volatility Index, a measure of market anxiety, has surged to its highest level since 2020. Traders are also monitoring geopolitical tensions, including the war in Ukraine and the U.S.-China trade relationship. Some are positioning for a potential market downturn, while others are seeking opportunities in sectors that could benefit from economic uncertainty.