We are seeing traders take risk off before the long weekend with the geopolitical risk that we currently have, says Kevin Nicholson, CIO of Riverfront Investment Group. He thinks this will just be a short term response and we'll still see yields move up. They expect equities to be range bound with pressure to the downside near-term. They prefer domestic equities over international markets. He thinks the Fed will raise rates slow and see how inflation comes in from there. Kevin likes investing in the UK and points out the UK equity market is up this year.