Vanguard's Economic and Market Overview
The struggle for all sectors continues
•
Consumer Discretionary continues its 3-month positive performance, but returns are still down -31% YTD on recession expectations and a decline in public markets.
•
Energy continues to remain the highest performing sector YTD due to surging oil prices and supply shocks stemming from the Russian-Ukraine conflict.
.
Utilities continue to fair better than most sectors, although rising interest rates weigh on this highly leveraged industry.
U.S. equity sector returns as of September 30, 2022 (%)
3.3
43.1
34.5
5.6
3.4
-5.7 -6.8
-6.6
-1.2
-3.2
-6.6
-4.5
-2.9
-12.3
-12.5
-9.4 -11.0
-5.9
-15.5
-15.6
-18.7
-23.4
-21.9
-21.7-17.9
-29.2
-12.0
-23.2
-24.6
-32.7
-31.4
-39.8 -40.5
Energy
Utilities
Consumer
Staples
Materials
Industrials
Health Care
Real Estate
Financials
Information
Consumer Communication
Technology Discretionary
Services
3 months
YTD
1-year
Past performance is no guarantee of future returns. The performance of an index is not an exact representation of any particular investment, as you cannot invest directly in an index.
Source: FactSet.
U.S. markets measured by CRSP U.S. Total Market Index.
For institutional use only. Not for distribution to retail investors.
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