This podcast is produced by KPP Financial, Steve Peasley President,

KPP Financial, Independent thinking, shared success.

And now today's podcast.

Good afternoon fellow investors and welcome to Invest Talk. This is our Tuesday

August 11th 2020 edition of Invest Talk and we are well underway in the month of August to help everyone's staying cool and safe.

And today was kind of the first shot across the bow, shall we say, in the markets in a little

while where we saw a solid, really down day since July 23rd. So it's been about three weeks since we've

seen a little bit of volatility and this was driven in a different way today.

A lot of its sentiment positioning which is now become extreme on the optimistic side.

Doesn't mean you have to drop dramatically, but there likely needs to be some

humbleness for the bulls, right, to bring kind of the fear and greed index back to something more neutral. And it was just waiting for a catalyst. And the

catalyst today, although probably won't talk about it much on

CMBC or the other media outlets.

Or higher yields, higher treasury yields.

You saw the 10 yearyear, it 0.658 today up 8.5 basis points from yesterday.

That's a big move, 8 and half basis points on, from a basis of what 50 or 8 and 5. 57 basis points. It's pretty big.

About a 15% move, one day.

The big question is, what is the driver of that, right? You know that Fed wants to keep rates low.

Is it supply?

because there's massive supply coming on board.

Is it sellers, right? Now, it of maybe capitulating out of bonds and equities?

Well, if that was the case, well, they picked a bad time to do it right and higher yields mean

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