Thomas Thornton, founder of Hedge Fund Telemetry LLC: “This isn't good for the entire US market. This is different from when Standard & Poor's downgraded America's AAA rating in 2011, which was a shocking event and the market was already in shaky hands. The yield in the bond market rose at the end of the session. For me, rising yield, acceleration, and amplitude have always been the primary risk.”

Thomas Thornton, founder of Hedge Fund Telemetry LLC: “This isn't good for the entire US market. This is different from when Standard & Poor's downgraded America's AAA rating in 2011, which was a shocking event and the market was already in shaky hands. The yield in the bond market rose at the end of the session. For me, rising yield, acceleration, and amplitude have always been the primary risk.”