The bond selloff is rattling investors, but here’s why they shouldn’t expect a deeper stock downturn

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The bond market selloff has unnerved some investors, but it likely does not represent a crisis moment for a stock market that was just beginning to recover after the summer selloff driven by chip stocks. This is the analysis from strategist Mark Newton, head technical analyst at Fundstrat, who presents technical evidence in a note to clients showing that a lengthy selloff is not underway. According to him, the stock market is displaying technical resilience in the face of this bond market pressure.

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