Leo Kelly Quoted on CNBC

Leo Kelly in the News: Market Volatility Commentary

CNBC featured comments from Leo Kelly, founder and CEO of Verdence Capital Advisors, in coverage of Friday’s market rebound following a Treasury-yield-driven sell-off. The S&P 500 and Nasdaq each gained 0.5% while the Dow rose 0.8%, even as all three indexes remained on pace for weekly losses.

Leo weighed in on where he sees markets heading next, suggesting stocks could face further downside, potentially sliding into correction territory this fall, if Treasury yields keep climbing and Middle East tensions continue. He noted markets have grown comfortable with the 10-year yield sitting in the 4-5% range, but a jump toward 6-7% would likely trigger a sharp negative reaction.

The piece also looked ahead to Fed Chair Kevin Warsh’s upcoming Jackson Hole speech, which investors are watching for signals on rate policy and central bank independence.

Read the piece at https://www.cnbc.com/2026/08/20/stock-market-today-live-updates.html.