The stock market has fallen this year.

The easy-money era is over after the Federal Reserve hiked rates. Oil prices have gone up because of Russia's invasion of Ukraine. Red-hot inflation and slowing global growth are concerns for investors.

The S&P 500 had fallen from its recent highs. The tech-laden index had plummeted 26%.

It has been a car crash.

Some parts of the car have been destroyed while others have escaped unscathed.

Unprofitable and speculative tech companies and so-called meme stocks have taken the biggest hit.

The only sector that buyers are interested in is energy.

There are four charts that explain what is happening in stock markets. The changes are as of Wednesday.

Stock-market investors have been attracted to energy stocks this year as worries about growth have hurt the appeal of almost every other sector.

Russia is one of the world's most important producers of oil and natural gas.

The US benchmark oil price has risen around 50% this year. The energy sector of the S&P 500 has risen by the same amount as the other sectors.

It was one of the most dramatic drops in a year of big falls.

The crime warned that revenue is growing more slowly than expected due to the state of the economy.

Walmart fell the most since 1987 on May 17 after cutting its earnings predictions. On May 9 and May 10, Palantir and Peloton plummeted.

Ben Inker, of Jeremy Grantham's investment outfit, said this week that these firms are growth traps, which are firms that investors thought were growing quickly, but which turn out not to be.

The cheapest group of stocks in the US's Russell 3000 index performed better than the most expensive. According to John Authers, investors are abandoning expensive names like never before.

Governments and central banks pumped money into the economy.

The ratio of stock prices to company earnings became incredibly expensive for some corners of the market. Technology companies made no money.

The trend went into reverse in 2022. The pricier names have been dumped by investors and moved into cheaper ones in sectors that are more sensitive to the economy.

Retail investors love eme stocks.

They are popular for reasons other than their performance. There might be a load of short-sellers betting against the company, it might be invested in the company, or it might be just nostalgia.

In the year 2022, investors are focused on how well companies can weather economic storms. meme stocks have fallen.