Defensive Sectors Offer no Safety and Lead the Way Lower
The stock market peaked on May 22 and all sectors are down since then. The S&P 500 is down 4.09%, but the Consumer Staples SPDR (XLP), Healthcare SPDR (XLV) and Utilities SPDR (XLU) are down more and showing relative weakness. XLU is down a whopping 7.79% as rising interest rates hurt this debt-laden sector. Note: chartists can double click the slider to enter a number and set an exact date range.

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