Guggenheim's Minerd Says Coronavirus Will Cause Stocks to Fall 3%-5%

The transcript discusses the market's reaction to a recent two-day sell-off and the role of coronavirus headlines in influencing investor behavior. It examines whether the news served as an excuse for selling stocks and highlights the market's quick rebound, indicating complacency. The discussion also covers market trends since December 2018 and predicts potential future market movements, including a possible 3-5% stock pullback and a decrease in the 10-year note interest rate to around 1.3.

According to the text, what might be the reason for traders selling stocks?

What is the expected movement of the 10-year note as mentioned in the text?