Another Bloodbath: Sector by Sector Carnage - No Hiding Places

Financials(Click on image to enlarge)

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

Materials

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Utilities 

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Technology 

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Industrials 

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Health Care 

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Real Estate 

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Financials 

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S&P 500 All Sectors 

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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.