S&P 500 Bleeds Like It's 2022 Again — And Only One Sector Is Winning

Benzinga_recent_news03:30

Every sector in the S&P 500 is in the red this month. Every sector except one: energy. Recall how, in 2022, it took Russia’s invasion of Ukraine to break the stock market. An energy shock. An ...

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Every sector except one: energy.\nRecall how, in 2022, it took Russia’s invasion of Ukraine to break the stock market. An energy shock. An ...</p>\n\n<a href=\"https://www.benzinga.com/news/26/03/51389679/sp500-worst-month-2022-energy-only-sector-rallying-iran-war\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VYM","symbol_name":"红利股ETF-Vanguard","start_time":0,"source_url":"https://www.benzinga.com/news/26/03/51389679/sp500-worst-month-2022-energy-only-sector-rallying-iran-war","article_id":"2621375967","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/03/20/Wall-Street-sinking.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/news/26/03/51389679/sp500-worst-month-2022-energy-only-sector-rallying-iran-war","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2621375967","pubTimestamp":1774035000,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"The equal-weight S&P 500 is down 7% in March — its worst month since September 2022. Every sector, except energy, is down.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"VYM":"红利股ETF-Vanguard","IVV":"标普500ETF-iShares","XDTE":"Roundhill S&P 500 0DTE Covered Call Strategy ETF","IVOO":"Vanguard S&P Mid-Cap 400 ETF","SPXL":"三倍做多标普500ETF-Direxion","GPIX":"GOLDMAN SACHS S&P 500 CORE PREMIUM INCOME ETF","XYLD":"Global X S&P 500 Covered Call ETF","SH":"做空标普500-Proshares","SPYG":"SPDR Portfolio S&P 500 Growth ETF","VUG":"成长股指数ETF-Vanguard MSCI","SDS":"两倍做空标普500 ETF-ProShares","BK4559":"巴菲特持仓","BK4504":"桥水持仓",".SPX":"S&P 500 Index","SPXS":"三倍做空标普500ETF-Direxion","SSO":"2倍做多标普500ETF-ProShares","OEF":"标普100指数ETF-iShares","BK4550":"红杉资本持仓","BK4588":"碎股","SPLV":"Invesco S&P 500 Low Volatility ETF","SPYI":"NEOS S&P 500 High Income ETF","BK4534":"瑞士信贷持仓","JEPI":"JPMorgan Equity Premium Income ETF","SPXU":"三倍做空标普500ETF-ProShares","VTI":"大盘指数ETF-Vanguard MSCI","SPYM":"投资组合标普500指数ETF-SPDR","SPDN":"Direxion Daily S&P 500 Bear 1X Shares","UPRO":"三倍做多标普500ETF-ProShares","SCHG":"Schwab U.S. Large -Cap Growth ET","IVW":"标普500成长股指数ETF-iShares","SPYV":"SPDR Portfolio S&P 500 Value ETF","SPMO":"Invesco S&P 500 Momentum ETF","VOOG":"Vanguard标普500成长ETF","BK4581":"高盛持仓","HIBL":"Direxion Daily S&P 500 High Beta Bull 3X Shares","SPY":"标普500ETF","RSP":"平均加权指数ETF-Rydex S&P","OEX":"标普100","VOO":"Vanguard标普500ETF","VTV":"Vanguard Value ETF","BK4585":"ETF&股票定投概念","BMAY":"Innovator U.S. Equity Buffer ETF - May"},"translate_title":"标普500再次流血，就像2022年一样——只有一个行业获胜","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JEPI":0.6,".SPX":1.5,"OEF":0.6,"SPMO":0.6,"SPYM":0.6,"SPXL":0.6,"BMAY":0.6,"XYLD":0.6,"UPRO":0.6,"SPYI":0.6,"RSP":0.6,"GPIX":0.6,"HIBL":0.6,"IVV":0.6,"SPYG":0.6,"XDTE":0.6,"VOOG":1.5,"VUG":1.5,"MESmain":0.6,"IVOO":0.6,"SPXS":0.6,"SDS":0.6,"SPDN":0.6,"SPY":1.5,"VOO":1.5,"ESmain":0.6,"VTV":0.6,"SCHG":1.5,"SPYV":0.6,"SPLV":0.6,"VYM":1.5,"SH":0.6,"SPXU":0.6,"SSO":0.6,"OEX":0.6,"VTI":0.6,"IVW":0.6},"content_text":"Every sector in the S&P 500 is in the red this month. Every sector except one: energy.\nRecall how, in 2022, it took Russia’s invasion of Ukraine to break the stock market. An energy shock. An inflation surge. A Federal Reserve that had no choice but to hike — and keep hiking.\nToday, the Iran war reproduced every ingredient of that playbook in 21 days. \nOil spiking above $100. Rate hike odds surging. And the same brutal lesson the market learned the hard way in 2022 is now visible in the charts again: when energy wins, everything else loses.\nThe most revealing read on where the stock market actually stands 21 days after the start of the is not the S&P 500 cap-weighted index — dominated by a handful of mega-cap tech stocks that can mask the decline underneath. \nIt is the equal-weight version, where every company counts equally.\nThe Invesco S&P 500 Equal Weight ETF (NYSE:RSP) is down 7% month-to-date through Mar. 20 — its worst monthly performance since September 2022. \nThat was the month the Federal Reserve raised rates by 75 basis points for the third consecutive time and signaled it would keep tightening until inflation was broken.\nWhen the RSP falls 7%, it means the average S&P 500 stock has lost nearly 7% this month.\nBoth episodes share the same anatomy: an energy supply shock that investors initially dismissed as transitory, a inflation print that proved them wrong, and a Federal Reserve that found itself caught between an inflation mandate and a slowing economy.\nThe only winner, then as now, was energy.\nThe rotation signal that paid off in 2022 is flashing again. \nThe month-to-date sector performance chart illustrates this divergence.\nWhen compared to the equal-weight S&P 500, there is a 14 percentage-point difference in the month-to-date performance — the widest gap since January 2022. \nInside the energy sector’s 7% monthly gain, 10 oil and gas stocks have posted double-digit returns since the war in Iran began.\nWhile APA Corporation leads the group with a 28.41% return month-to-date — refiners dominate the top of the leaderboard: Marathon Petroleum and Valero Energy, up 18.55% and 18.36% respectively, are capturing the widening spread between crude input costs and refined product prices as retail diesel approaches $5.10 nationally while gasoline nears $4 milestone. \nThe presence of both upstream producers and downstream refiners at the top of the leaderboard is significant. In early 2022, refiners initially lagged as investors bet on a quick resolution. \nThis time, the refiner rally is happening simultaneously with the upstream surge — a signal that the market is pricing a deeper and longer disruption from the outset.\nImage: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2621375967","isCrawlerRequest":true}