Not a Bad Decade

January 30, 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.

Even after the S&P 500 fell 20% in 2022, its annualized return over the last decade is still 11.7%. To put this in perspective, if the S&P 500 did not grow at all this year, the annualized gain over the ten years through December would still be 9.4%. ₁

In the 1990s, 15% of small-cap companies (i.e., the Russell 2000 index) were unprofitable. Today that number has ballooned, with 40% of companies in the index having negative earnings this year.₂

India is now the world's most populous country. Yet, unemployment for young people in the country is at nearly 40%. More than half of the 900 million people of legal working age in India have given up looking for jobs. ₃

The pandemic led to a substantial increase in entrepreneurship. New business applications rose 44% from 2019 to 2022, and over 5 million businesses were created in the US last year alone. ₄

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Bloomberg - "Stock Gains Whipped up in Pandemic Bubble Resist Being Popped"
Apollo Chief Economist - "40% of Companies in Russell 2000 have Negative Earnings"
Bloomberg - "India Elbows China to Become World's Most Populous Nation"
Bloomberg - "Over 5 Million New US Startups Show Covid-Era Boom Has Legs"

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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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