This year, the stock market witnessed a massive sell-off on concerns over the Fed’s continued interest rate hikes to tame the multi-decade high inflation and the consequences of the geopolitical issues. However, some sectors, such as energy, logistics, and consumer essentials, have remained resilient to market downturns because of their own dynamics.
While rising energy prices due to the geopolitical crisis benefitted the energy sector, surging demand for transportation amid supply-chain disruptions has helped the logistics sector. On the other hand, retailers offering consumer essentials witnessed resilience because of the inelastic demand for their products.
