India's Gain is China's Loss -- Investor Insights from Glen Eagle

India's Gain is China's Loss

June 3, 2024

Enjoy this week's "Investor Insights," a weekly newsletter that highlights the financial news you need and provides tips and tricks for making better investment decisions.

Since 2020, India has become a standout among emerging country markets. Its weight in the MSCI Emerging Markets Stock Index has doubled from 9% to 18%, while China's has decreased from 43% to 25%. _*1

Over the past 50 years, the S&P 500 has averaged a 1.8% gain (median: 3.27%) from Memorial Day to Labor Day, with gains occurring 70% of the time. In the last ten years, however, the average gain increased to 3.8% (median: 4.6%). _*2

More than half of Gen Z and Millennial investors rely on social media for investment information. However, a study by the Swiss Finance Institute found that 56% of 'fin-fluencers' underperform their peers by 2.3% monthly, indicating "negative skill." ₂

American Cities have not fully recovered from the pandemic, which is weighing on the office and retail sectors. Cellphone activity data shows that downtown San Francisco is at 57% of pre-pandemic levels, while Las Vegas is at 97%, and Miami is at 82% of 2019 levels. ₃

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Sources:

Capital Group - "Economic Outlook: U.S. Powers Global Growth"
MFS - "Beyond the News"
Apollo Chief Economist – “Four Years After Covid: Downtown Recovery Remains Weak"

*Past performance is not indicative of future performance

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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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