The selloff in stocks has erased all of the gains on Wall Street this year as the S&P 500 Index dipped into the red for 2014.
In just a few short weeks, sellers have taken control of the momentum in equities and significantly altered the tone of the markets.
As a result of fear overtaking stocks, investors have been fleeing for another asset class that has shown tremendous resilience in the face of adversity.
Treasury and mortgage-related ETFs have been the recipients of a flight to quality that has pushed bond prices to new 2014 highs. The CBOE 10-Year Treasury Note Yield fell to an intra-day low of 1.868 percent on Wednesday as stocks continued their losing streak.
This marked ...
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