‘Uncharted’ sell-off in U.S. stocks has investors wondering when the pain stops

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Many are bracing for more pain ahead

A week of heavy selling has brought U.S. stocks and bonds to fresh bear market lows, with many investors bracing for more pain ahead.

A rout in bond markets added to the pressure on stocks -- yields on the benchmark 10-year Treasury, which move inversely to prices, recently stood at 3.67%, their highest level since 2010. Michael Hartnett, chief investment strategist at BofA Global Research, believes high inflation will likely push U.S. Treasury yields as high as 5% over the next five months, exacerbating the selloff in both stocks and bonds.

Investors, meanwhile, are looking for signs of a capitulation point that would indicate a bottom is near.

 

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