Down Goes Inflation

July 19, 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 rate of inflation is now declining rapidly. In June, the Consumer Price Index only rose by 3%, representing the smallest increase since March 2021. Over the past 12 months, inflation has dropped by 6.1 percentage points, marking the largest decline since 2009. ₁

14% of women in the US ages 25-54 don't work because they are full-time caregivers, a percentage that has been unchanged since 2003. In contrast, only 1.5% of men in the same age group are full-time caregivers, but this number has doubled since 2003. ₂

After a 20% decline in the first half of 2022, the S&P 500 rebounded with a gain of 15% in the first half of 2023. The technology sector accounted for more than 60% of the index's overall performance, with Apple alone contributing 18%. ₂

Usage of Home equity lines of credit (HELOC) rose by 34% in 2022 (the highest level since 2008). “Tappable equity” (the amount available to borrow against while keeping 20% equity) has grown to $9.3 trillion, a 56% increase over the span of three years. ₃

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Barrons - "Inflation Rarely Falls This Fast. That’s Good News for the Stock Market."
MFS - "Beyond the News"
Bloomberg - "US Homeowners Are Tapping $9 Trillion in Real Estate Wealth"

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