"The stock market's selling off because the bond market is rallying like crazy," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago. "There's a flight to safety and there are multiple silos of political uncertainty.""People are starting to give up and buy treasuries to wait it out," Battle said. "Gold is a beneficiary too."
NEWS & COMMENTARY
Wall Street falls on geopolitical tensions, recession fears Rate-sensitive financials weigh on S&P 500, Dow
August 12, 2019