Taiwan Dependent

August 7, 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.

Taiwan produces over 90% of advanced semiconductors and 60% of chips globally. A war there would cost the global economy $2.5 trillion annually, making the recent $52 billion of investments in US chip making reasonable insurance. ₁

The average price of a gallon of gas in the US currently stands at $3.82, an amount that has only been higher on a meager 6% of days since 2005. ₂

The Federal Reserve raised the fed funds rate to 5.25-5.5%, the highest since 2001. Despite this, the average savings account has a yield of just 0.42%, and 68% of middle-income Americans have not moved their money to higher-yielding accounts. ₃

The S&P 500 is up by 17% so far this year. However, history shows September is the worst-performing month, with an average loss of 1.1% dating back to 1928, with the market rising less than 45% of the time during that period.* ₄

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Bloomberg Opinion - "Most of the World's Chips are Made in Taiwan. What Happens if there is a War?"
Bespoke Investment Group - "Gas Prices"
MFS - "Beyond the News"
WSJ - "Stocks Have Had a Great Year. Cue the September Effect"

*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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