Escalating U.S.-China trade tensions drove the stock market lower this week, with the Dow Jones Industrial Average seeing its longest losing streak since 2011. The U.S. 10-year Treasury yield also fell to its lowest level since 2017 . The main reason for the forecast cut, which is still cautiously bullish versus Wall Street consensus, was that the firm felt it was being overly optimistic in its previous outlook, Cabana told CNBC's "Futures Now" on Thursday.