According to Reuters, US stock markets fell between 1.5-and-2 percent on Oct. 10th.
The Dow Jones and S&P dropped 1.5-percent during morning trading, while the Nasdaq fell 2.2-percent.
By the numbers, the Dow Jones Industrial Average lost 400-points, with the Nasdaq Composite dropping 169-points, while the S&P 500 fell 44-points.
The abrupt downturn for Wall Street’s stock markets is tied into the federal bond market.
Ten-year US Treasury notes are near a seven year high.
According to Jack Ablin, the chief investment officer for Cresset Wealth Advisors, US stocks and bonds have been in a tug-of-war over capital for a decade.
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US Stocks Are In Tug Of War With US Bonds Over Capital