Everyone is running around like a chicken with their heads cut off trying to find out why the market is selling off.
This started when Trump nominated Warsh because Warsh wants to end QE. This pulls liquidity out of the markets and demand for dollars goes up.
When this happens you want to own stocks that produce tons of free cash and give it as dividends. Think Kraft, Conagra, Flowers Foods, etc. and sell the companies that need dollars to operate rather than being able to give it to the investors.
If the market demands more oil own the oil companies, right now the market is demanding dollars. Own the dollar generating companies.