Markets fell on Thusday.
The S&P 500 fell 0.9 percent, the STOXX Europe 600 fell 0.7 percent and the Nikkei 225 fell 0.4 percent.
“Traders are sensing a shift in central banker’s policies,” said David Madden, market analyst at CMC Markets.
“People are nervous about bond yields going up and you can see that in exaggerated moves in technology stocks and financials,” said Ian Winer, head of the equities division at Wedbush Securities.
Not all analysts are concerned though.
“The market is not getting too panicky just yet,” noted Chris Beauchamp, senior market analyst at IG.
“The Fed has raised rates three times in the last seven months. The markets haven't squeaked,” said Credit Suisse International Wealth Management CIO Michael O'Sullivan.
Mike Antonelli, equity sales trader at Robert W Baird & Co, said: “People should not mistake rotation for volatility, and I am not terribly freaked out as investors are not selling everything equally.”
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