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?
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
moved up 3.67%, and back above 20.