Even the best companies in the world go through cycles. Some ups and downs are related to internal factors, but often they're the result of external headwinds. Many great companies are experiencing this now, with one economic shakeup after the next. 

The market looks like it's weary of the continued volatility, and investors are showing that they're confident in the future. The S&P 500 is up more than 16% this year as of this writing.

Estee Lauder (NYSE: EL) is a top company that's struggling with the impact of the pandemic, inflation, and economic policy. The beauty industry has its own qualities, and Estee Lauder's position in this industry is adding to its problems right now. Let's take a look at what's going on.

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Source Fool.com