It's tempting to point to Europe for market troubles, but a look at sector performance today...

|By:, SA News Editor

It's tempting to point to Europe for market troubles, but a look at sector performance today paints a more conventional picture of economic gloom: Among the 10 S&P sectors, cyclical ETFs were worst (XLB, -3.7%; XLI, -3.3%; XLF, -3.5%), while defensives did best (meaning, less poorly: XLV, -1.3%; XLP, -1%; XLU, -1.1%).