Reason for the sell offs :With all the current 'chaos' in the media, I have to complete my thought and tell you what I am convinced is going on. The People's Republic of China has three major objectives right now: 1) Hurt the USA, 2) Prop-up their currency, and 3) Obtain cash to stimulate their economy. Therefore, given the fact that U.S. Treasuries are getting clocked, but utilities are rallying, I am convinced the jump in interest rates is due to the Chinese selling vast amounts of their Treasury holdings. By selling them they, 1) push U.S. interest rates higher, which hurts the U.S. consumer and possibly President Trump's approval rating right before an election, 2) They get billions of U.S. dollars, allowing them make open market purchases of the renminbi, which supports its value in international markets, and 3) with all those renminbi they can now freely spend inside the country of China to stimulate their economy. With one transaction they accomplish three major objectives. This is the only thing that makes sense to me. And if I am right, once that selling subsides, we are in for one major rally in the U.S. financial markets."