Lucky March

March 6, 2023

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.

The average monthly return in the S&P 500 for March has been a gain of 1.13%, with positive returns occurring 64% of the time. The worst March since 1945 was in 2020, with a decline of -12.5%, while the best March ever was in 2000, with a gain of 9.67%. ₁

Investors that buy emerging market funds are inadvertently overexposing themselves to China. Chinese stocks currently make up 33.5% of the MSCI Emerging Market Stock index, while Chinese bonds make up 43% of the JPMorgan Asia Credit Index. ₂

The IRS recently hired 5,000 staffers. Despite this, the agency is still under-equipped to service the 170 million individual tax returns. Only 13% of callers were able to get a person on the line to answer their questions last year, up from 11% in 2021. ₃

Over the past 50 years, there have been 7 recessions. During those recessions, fixed income (ex: bonds) performed best with an annualized return of 7.7%, while international stocks performed the worst with an annualized return of -10.6%. ₄

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MFS - "Beyond the News"
WSJ - "China’s Power in Emerging Markets Creates Headache for Global Investors"
Barron's - "5 Tips to Make Filing Your Taxes Easier This Year"
WSJ - "Which Investments Do Best—and Worst—in a Recession"

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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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