2023 Looks Different

April 10, 2023

Enjoy this week's "Investor Insights," a weekly newsletter highlighting the financial news you need and providing tips and tricks to help you make better investment decisions.

The S&P 500 had a positive return of around 7% in the first three months of the year. Since World War II, when the S&P 500 posted a gain in the 1st quarter, it has averaged a rest-of-year gain of 8.9%.₁

In 2022, the three worst-performing sectors in the S&P 500 were communication, consumer discretionary, and technology, all of which were down over 28%. In the 1st quarter of 2023, these three sectors were the top performers, rallying more than 15% each. ₁

The top 10% of households now own 84% of the stock market, up from 77% in the early 2000s. ₂

Banks are becoming more risk averse after the failure of Silicon Valley Bank. Commercial bank lending dropped nearly $105 billion in the last two weeks of March, the most in Federal Reserve data back to 1973. ₃

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Disclosure: This information is furnished for the use of Glen Eagle Advisors, LLC, Glen Eagle Wealth, LLC, and their clients and/or contacts. It does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific objectives, financial situation, or particular needs of any specific person. Investors reading this commentary should consult with their Glen Eagle representative/financial advisor regarding the appropriateness of investing in any securities or adapting any investment strategies discussed or recommended in this newsletter.

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