CNBC Television published this video item, entitled “Mohamed El-Erian discusses what’s driving the market sell-off” – below is their description.
Mohamed El-Erian, former PIMCO CEO, says it’s not what Fed Chairman Jerome Powell said that’s causing concern, but it’s how he said it that’s causing a massive tech sell-off. “He said something that’s worrisome for the fixed income market, it’s worrisome for what I’ve been betting on for a long time,” El-Erian said. “Therefore it’s worrisome for stocks.”
CNBC Television YouTube Channel
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