Visualizing S&P 500 Performance in 2022, by Sector
Tracking indexes over the course of a year reveals a lot about market trends and sentiment. The S&P 500’s performance over the course of 2022 is a great example.
Throughout the year, inflation rates have remained high and interest rates have likewise been climbing around the world. Accompanied by the looming threat of a recession, some sectors have been hit harder than others.
The above visualization from Jan Varsava shows U.S. dividend-adjusted stock performance for each company in the S&P 500 index in 2022, from the start of the year through the end of September.
S&P 500 Performance (Jan 1 to Sep 30, 2022)
In 2022, the S&P 500 index dropped -23.9% through the end of September. Let’s take a look at some of the major trends from this year’s stock market.
|S&P 500 Sector Performance||2022 Q1–Q3|
The energy sector has been the noticeable standout and performed significantly well since the beginning of the year, as sanctions surrounding Russia impacted oil and gas supplies resulting in sharp price increases.
Top performing energy stocks as of September 30th, 2022 included Occidental Petroleum (OXY) up 112% year to date (YTD), and Marathon Petroleum (MPC) which rose 52% YTD.
Traditional defensive sectors such as healthcare, consumer staples, and utilities, although down for the year, also performed better than the overall index.
Growth stocks in both technology and communication services underperformed since the beginning of this year, as the value of future earnings were impacted by rising interest rates increasing the cost of capital.
Real estate, consumer cyclical (or consumer discretionary), and materials also underperformed compared to the overall index.
The trends are reflective of the fact that value stocks like energy and healthcare historically outperform growth stocks during periods of rising rates, though there are many varying factors that can alter performance.
Major Shifts in Q4
But as October has shown, the market is far from settled.
Lower-than-expected earnings and overspending caused Meta Platforms, Inc. (META) to drop 24% over five days and Amazon to drop 13%.
And the final impact of rising interest rates have yet to be fully felt, though indexes generally fare well in the year following. Since 1927, the average S&P 500 return sits at around 11.5% in the 12 months following peak inflation.
This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.
Mapped: The Migration of the World’s Millionaires in 2023
Where do the world’s wealthiest people want to live? This map tracks the migration of the world’s High Net Worth Individuals (HNWIs).
Mapping the Migration of the World’s Millionaires 2023
Just like everyone else, High Net Worth Individuals (HNWIs) traveled less than usual during the pandemic, and as a result their migration numbers trended downwards. But millionaires and billionaires are on the move again and it is anticipated that 122,000 HNWIs will move to a new country by the end of the year.
Henley & Partners’ Private Wealth Migration Report has tracked the countries HNWIs have moved from and to over the last 10 years; this map showcases the 2023 forecasts.
In this context, HNWIs are defined as individuals with a net worth of at least $1 million USD.
The Countries Welcoming New Millionaires
The top 10 countries which are likely to become home to the highest number of millionaires and billionaires in 2023 are scattered across the globe, with Australia reclaiming its top spot this year from the UAE.
Here’s a closer look at the data:
|Rank||Country||Projected HNWI Inflow 2023|
|10||🇳🇿 New Zealand||700|
Only two Asian countries make the top 10, with the rest spread across Europe, North America, and Oceania.
Despite historic economic challenges, Greece is projected to gain 1,200 High Net Worth Individuals this year. One reason could be the country’s golden visa program, wherein wealthy individuals can easily obtain residence and eventually EU passports for the right price—currently a minimum real estate investment cost of 250,000 euros is all that’s required.
Many of the leading millionaire destinations are attractive for wealthy individuals because of higher levels of economic freedom, allowing for laxer tax burdens or ease of investment. Singapore, which expects to gain 3,200 millionaires, is the most economically free market in the world.
The Countries Losing the Most Millionaires
China is anticipated to lose 13,500 High Net Worth Individuals this year, more than double as many as the second place country, India (6,500).
Here’s a closer look at the bottom 10:
|Rank||Country||Projected HNWI Outflow 2023|
|6||🇭🇰 Hong Kong SAR||-1,000|
|7||🇰🇷 South Korea||-800|
|9||🇿🇦 South Africa||-500|
In a number of these countries, strict regulatory bodies and corrupt governments can hinder the ease with which HNWIs can manage their own money.
In Russia, many wealthy individuals are facing personal tariffs and trade restrictions from Western countries due to the war in Ukraine. China’s crackdowns on Hong Kong have made it a less attractive place for business. And finally, the UK’s exit from the EU has caused many businesses and individuals to lose the easy movement of labor, finances, and investment that made operations across European borders seamless.
Some of these countries may still be adding homegrown millionaires and billionaires, but losing thousands of HNWIs to net migration does have a considerable economic impact.
Overall, millionaires are increasingly on the move. In the 10 years of reporting—despite a dip during the pandemic—the number of HNWIs moving away from their countries of origin has been growing every year.
Here’s a look at the numbers:
|Year||Projected HNWI Migration|
In a geopolitically fragile but more connected world, it’s no surprise to see millionaires voting with their feet. As a result, governments are increasingly in competition to win the hearts and minds of the world’s economic elite to their side.
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