Selling Pressure Is Kicking Back Up

Selling pressure is kicking back in after a brief reprieve yesterday, notes Liz Ann Sonders. She mentions that yields are ticking up again is not helping. She and Cooper Howard break down today's action in treasury yields. He highlights that all eyes are on Powell's speech tomorrow, but don't anticipate any dramatic changes during the first day of Jackson Hole. He also notes that higher yields present an opportunity for fixed income investors. Liz Suggests that yield volatility matters more to the stock market than yield level and higher yields puts downward pressure on elevated valuations. Tune in to find out more about the stock market today.