Mohamed El-Erian on what's driving the market sell-off

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Mohamed El-Erian, former PIMCO CEO, says it's not what Fed Chairman Jerome Powell said that's causing concern, but it's how he said it that's causing a massive tech sell-off. "He said something that's worrisome for the fixed income market, it's worrisome for what I've been betting on for a long time," El-Erian said. "Therefore it's worrisome for stocks." To see more of the interview with El-Erian sign up for a free trial to CNBC Pro:

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