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Why are stocks selling off? Cyclicals and staples

Monday’s sell-off was focused on economically sensitive stocks and for Brenda Kelly, Chief Market Strategist at IG Markets, it comes as no surprise.

In Business Insider’s tremendously useful post “Wall Street’s Brightest Minds Reveal THE MOST IMPORTANT CHARTS IN THE WORLD,” Ms. Kelly observes that the ratio of economically cyclical stocks to consumer staples has reached highs where previous corrections have occurred.