Costly College

May 15, 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 belief among Americans that the benefits of a college education are not worth its cost has greatly increased over the past decade, with 56% of respondents expressing this view in a recent survey, compared to 40% ten years ago. ₁

Job openings in the U.S. experienced a decline in March down to 9.59 million, following a previous record high of 12.03 million job openings a year ago. This decline was also 2.44 million fewer openings than in February, the second-largest decline in job openings since 2001. ₁

Since 1980, the small-cap companies (i.e. Russell 2000 Index) have typically underperformed the large-cap S&P 500 by 4% in the six months after the economic cycle has peaked before a recession. This data increases the view that small-cap stocks tend to perform poorly ahead of economic weakness. ₂

According to a survey, public confidence in Federal Reserve Chairman Jerome Powell's leadership has significantly declined. As the Fed combats inflation, the poll shows that only 36% of US adults have a "fair amount" of confidence in Powell's ability to make the right decisions for the economy. ₃

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MFS - "Beyond the News"
Reuters - "Wall St Week Ahead Amid Banking Woes, Faltering US Small-Caps Offer Ominous Economic Sign"
Bloomberg - "Jerome Powell Faces Lowest Public Confidence for Fed Chairman on Record, Gallup Says"

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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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