The markets sold off yet again today as investors continue to run as fast as they can away from this market. The Dow 30 sold off another 464 today. The index has now fallen 5 days in a row losing over 7% in that time period. The S&P 500 sold off 39 in it's sixth straight day of losses, and the Nasdaq 100 lost 108, falling into a bear market.

Sector News

Oil continued it's crash today, making new 52-week lows once again. From September when oil hit a new 52-week high prices have fallen almost 70%. It has also been the fastest move on record for oil to move from 52-week highs to 52 week lows.

Gold saw it's most significant bullish day in over a month as investors raced to the thought of buying up the precious metal. Though returns have underperformed almost every other asset class over the long term, somehow investors feel this is the safety trade against the dollar still.

Semiconductors fell to new 52 week lows again today as investors continue to run from anything tech related, likely locking in capital losses for any positions going into the end of the year. The sector has lost over 35% since hitting a high back in February.

Stock News

Altria (MO  ) shares fall to new, 52 week lows on news that they will pay about $13 billion for a 35% stake in the electronic cigarette maker Juul. This gives Juul a valuation of $38 billion which is more than double it's valuation back in July. Shares of Altria are lower by over 20% since hitting a high back in November.

Tilray (TLRY  ) shares got another boost today on news of a research partnership with Budwieser beer brewer, AB InBev (BUD  ) which would research non-alcoholic beverages that contained THC and CBD. The initial partnership will take place in Canada and includes an equal investment totalling about $100 million. Tilray's subsidiary High Park will make the contribution.

Walgreens Boots Alliance (WBA  ) shares sold off today as the company reported earnings. Though earnings and revenue came in better than expected and the company announced a $1 billion cost cutting plan investors continued to sell the stock all the way back to the 200 day moving average. In addition to the earnings announcement the company announced a partnership with Verily which is owned by Alphabet (GOOGL  ) to help lower the cost of healthcare.