Of course when stock traders notice the rise in bond yields, they will sell stocks. The question is how low will stock prices have to fall before bonds catch a bid? Then how high will stock prices have to rebound before the bond bid is lost?

Of course when stock traders notice the rise in bond yields, they will sell stocks. The question is how low will stock prices have to fall before bonds catch a bid? Then how high will stock prices have to rebound before the bond bid is lost?

— Peter Schiff (@PeterSchiff) February 14, 2018