The Big Stock Market Losers Today Are Just Plain Weird

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The market is slumping and bond yields are falling, so that can only mean one thing—its risk-off in the stock market. So why are consumer staples and other “safe” stocks the market’s worst performers?

The


S&P 500


has dropped 1.6%, while the


Dow Jones Industrial Average


has dropped 1.3%. Classic risk off. The 10-year Treasury yield has fallen 0.162 percentage point to 3.373%, another sign that investors are looking for safety. Even the


VIX


moved up 3.67%, and back above 20.