Get defensive in stocks, yields could rise to 3.5 percent, says Peter Cardillo

S&P 500 posts worst week in nearly a month as rates pop
October 8, 2018
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October 8, 2018

Get defensive in stocks, yields could rise to 3.5 percent, says Peter Cardillo

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As the Nasdaq and S&P broke below some key technical levels Friday, the chief market economist of Spartan Capital Securities tells Reuters’ Fred Katayama the stock market could shed more as Treasury yields climb.