What Sectors are Most Impacted by Surging Oil Prices?

With the recent surge in oil prices, the market is slowly beginning to accept the new logic of "long-term high interest rates replacing interest rate hikes".  

The impact on the market is mainly reflected in:

1. The sharp rise in oil prices has caused the differentiation of exchange rate trends between oil-importing and exporting countries. The US dollar is strong, and non-US currencies are weak across the board, especially the euro, yen, and Swedish krona. A few other oil-exporting countries such as Brazil and Canada may be able to withstand the test.

2. Airline stocks have been sold off, and the S & P Super Composite Aviation Index has fallen 20% since mid-July, making it the worst US stock sector in recent months, as rising fuel prices squeeze airline profits and the logistics industry suffers.

3. US and Euro Bond yields have been climbing, given that interest rates will remain high for longer.