Correctly positioning investments just became more complicated, Josh Brown of Fusion Analytics said Thursday.
"This is a Rubik's Cube," he said. "You try to solve one side, and you say, 'Well, this is good for stocks, bad for bonds, great for interest rates, employment.' Then you look at the other five sides of the cube, and they're all messed up. There really is no clear-cut answer. So, I think the right thing to do is allow this selloff to run its course."
U.S. Treasury 10-year yields headed lower midday toward 2 percent. Meanwhile, the S&P 500 and the Dow Jones Industrial Average both crossed their 50-day moving averages, a negative technical indicator.