This Industry’s Stocks Are Up 100% in 2022, Despite Catastrophic Bear Market

The S&P 500, widely regarded as a bellwether of the overall stock market, is down almost 25% as of September 2022.

This drop marks a swift reversal from the meteoric rise of stock prices in the post-pandemic bull market of 2020 and 2021.

The first two quarters of the year were met with social unrest due to various global issues, including the conflict between Ukraine and Russia, fuel shortages, and a cost of living crisis.

Energy Stocks a Surprising Benefactor of World Conflict

After the pandemic boom, many tech companies struggled to get out of the slump since life returned to normal.

Tech Stocks Lead Worst Performers in 2022

Michael Hewson, Chief Market Analyst at CMC Markets, said: “After a few turbulent years in the market due to COVID-19, many stocks on the market were negatively impacted, whilst others thrived during periods of social unrest.

Return to ‘Normal' in Daily Life Underlies Stock Market Upheaval

“It's clear that these energy stocks are performing really well, as a direct result of what has been happening around the world over the last eight months.

“On the other side of the coin, tech companies like Netflix that flourished during the pandemic are starting to see the effects of dwindling demand.

Swipe up to learn more!