ChatGPT is Old News

July 12, 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 novelty of ChatGPT may have worn off. Desktop and mobile web traffic to the ChatGPT website dropped 9.7% from May to June. Despite this drop, ChatGPT still brings more worldwide visitors than Bing.com, Microsoft’s search engine. ₁

When public student loan payments resume in October, many borrowers will struggle. Only 29% of borrowers say they will have enough money to make those payments without adjusting spending, and 34% say they will not be able to make payments at all. ₂

As a result of the Federal Reserve’s interest rate hikes, the fed funds rate is now higher than inflation. Historically this bodes well for core bonds, which have had an average return of 7.5% when the fed funds rate is higher than inflation (vs. 3.2% when it is not).* ₃

Walmart has used the fact that 90% of Americans live within 10 miles of one of its stores to become a food giant. Grocery now makes up 60% of its sales, dwarfing Amazon in the space. This has not come at the cost of e-commerce sales, which grew 122% since 2020. ₄

If you would prefer not to receive these weekly updates, click the button below.

Opt-Out of Investor Insights Emails*

Other Glen Eagle Resources

Recent Newsletter

Webinar Recording

Please feel free to share this newsletter with your network

Your Glen Eagle Advisors

Susan Michel

Rob Michel

Carol Ann Fernandez

Schedule a Meeting with The Michel Team

Similar Web - "ChatGPT Drops About 10% in Traffic as the Novelty Wears Off"
MFS - "Beyond the News"
BlackRock - "Student of the Market"
Barrons - "Walmart Is Quietly Growing Into a Retail Tech Titan. The Stock Is a Buy.

*Based on data from 1955-2023, past performance is not indicative of future performance

*We will continue to keep you updated with our quarterly newsletters and webinar events. If you would like to update your email subscription, please click "Update Profile" at the bottom of this email.

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.

Glen Eagle Wealth, LLC is a member of FINRA, MSRB and SIPC

Glen Eagle Advisors, LLC is a SEC Registered Investment Advisor

Glen Eagle ADV Part 2A