Periods of uncertainty often come with volatility and, at times, even market panic.

While direct comparisons to past crises are rarely straightforward, historical analysis can provide valuable context and uncover recurring patterns.

Currently, the tariffs announced by President Trump have become a key topic shaping economic sentiment. Markets reacted swiftly, with partial corrections in the double-digit range observed as of April 6, 2025.

Market corrections are not unprecedented. What makes them particularly relevant is how different sectors respond in times of stress. While no two crises are identical—each marked by unique catalysts and environments—the study of sector behavior over time remains a valuable tool for investors seeking resilience.

At ADGREDIO, we begin each analysis by formulating a clear hypothesis that can be tested against real data. In this case, the hypothesis is as follows:

Some industries demonstrate greater crisis resilience than others.

The underlying reasons for this vary significantly. To support this analysis, ADGREDIO uses a proprietary framework to categorize sectors and examine their interdependencies. While ethical considerations are acknowledged, they are not within the scope of this current examination.

We differentiate between four broad categories:

• Essential Industries: Defense, pharmaceuticals, raw materials, telecommunications, utilities, and consumer staples.
  These sectors are consistently in demand. While not immune to fluctuations, their fundamental relevance supports long-term stability, even in volatile markets.
• Diversified Industries: Construction, materials processing, financial services.
  These sectors tend to show resilience as long as systemic disruptions—such as the 2007 financial crisis—are absent. Diversification allows key players to adapt more flexibly to shifting market conditions.
• Currently In-Demand Industries: Automotive, IT, software.
  Although innovation in these sectors drives interest and growth, many of their products and services are not essential for maintaining daily economic functions. Demand cycles can be short, and consumer preferences can shift rapidly.
• Speculative Segments: Individual companies or emerging trends.
  These are not tied to entire sectors but rather reflect investor sentiment and the pursuit of outsized returns through early or opportunistic market entry. They carry higher risk and reward potential but are less predictable in times of crisis.

The forthcoming analysis series will explore whether historical patterns support the hypothesis that certain industries outperform others during periods of economic stress.