Detailed text transcripts for TV channel - CNN - 20180206:12:02:00
It's not even one of the top 20 perjury losses. that's important to note. 8.5%, that's just within what we call a market correction, about 10%. so what's going on here? a couple of things here. most notably the trigger i think was the friday's jobs report. strong and strong wage growth. wage inflation is good for workers but bad for profits. the federal reserve may need to raise interest rates faster than planned. the biggest thing to talk about is the bond yield. a selloff in the bond market. bond yields move opposite of price. they hit a four-year high on friday. bonds are much more attracti...