Daring Dollar

October 10, 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.

The U.S. dollar is up 15% this year against the euro, 20% on the British pound, and 25% on the yen. The strong dollar is starting to negatively impact American exporters as Goldman says they underperformed by 18% this year.₁

A majority of investment professionals are saying the country is already in a recession or will be in one soon. At the same time, 72% picked the U.S. as the best investment opportunity in the next three years.₂

The stock market this year has dropped 24%. Since 1950 the stock market has dropped 25% 9 times. All except one resulted in positive returns one year later with average returns of 22%.₃

Many believe the market will be volatile this week as inflation data will be reported Thursday. 7 out of the 9 times inflation data was reported this year, the market dropped.₄

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Barron's - "The US Dollar is Super Strong. 8 Ways to Invest Abroad. "
Barron's - "Alt Pros Predict Recession. Where They're Putting Their Money."
The Irrelevant Investor - "Was That the Bottom?"
Bloomberg - "Investors on Guard as Stocks Rally Sputters Ahead of Data Deluge"

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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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