Financials

The Dow dropped over 1,000 points again today. Carnage is everywhere. Every S&P 500 sector is in a correction.

Materials

Utilities 

Technology 

Industrials 

Health Care 

Real Estate 

Financials 

S&P 500 All Sectors 

No Hiding Places

A correction, defined as a 10% decline from the top, is underway in every sector of the S&P 500. The Industrial sector went into correction three days ago and is just under the 10% threshold today.

Sector by Sector Analysis

  • S&P 500: Down 3.75% today, 10.2% from January high
  • XLB Materials: Down 3.51% today, 10.5% from January high
  • XLU Utilities: Down 1.12% today, 16.1% from November
  • XLK Technology: Down 4.14% today, 10.4% from January high
  • XLI Industrials: Down 3.86% today, 9.8% from January high
  • XLV Health Care: Down 3.47% today, 11.8% from January high
  • XLRE Real Estate: Down 3.13% today, 12.6% from November high
  • XLE Energy: Down 3.02% today, 14.9% from January high
  • XLF Financials: Down 4.40% today, 10.5% from January high

    • guys that were telling you to be fully invested 10 days ago are saying to buy the correction

    — StockCats (@StockCats) February 8, 2018

    Everything is correlated. There are no sector hiding spots.

    This is just a down payment on what’s likely ahead.

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