Irritating Inflation

October 17, 2022

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

Market corrections tend to correlate with lower inflation over time. Between 1957 and last year, the S&P 500 had 15 corrections of 19% or more. In 10 of the cases, inflation was lower 12 months later, declining an average of 2.3%.₁

Social Security benefits will increase 8.7% in 2023, the biggest cost-of-living increase since 1981. 70 million Americans, or about 25% of the US population, are Social Security beneficiaries.₂

Europe is preparing for a world without Russian energy. It has filled storage sites to more than 90% of capacity. Russian gas arriving via pipeline accounts for just 6% of the continent’s gas supply, down from almost 30% before the war.₃

In the first half of 2022, the Dow had a loss of 15%, ranking in the top 10% of the worst six-month stretches ever going back to 1896. After almost every 6-month span with a similar loss, the Dow was higher 3 years later by an average of 23%.₄

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Bloomberg- "Torched Stocks Are About the Only Thing Working in Fed's Favor"
Bloomberg- "Social Security Bump Is Rare Good News for Retirees Battling Inflation"
WSJ- "Winter's Approach Raises Stakes in European Energy Crisis"
Barrons "It's Time for Bargain Hunting, Say U.S. Money Managers"

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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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