The Big Ten -- Investor Insights from Glen Eagle

The Big Ten

December 11, 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.

The concentration in the S&P 500 continues to increase, and the ten largest stocks now make up 35% of the index, the highest level since the last tech bubble in 2000. ₁

In a recent survey, 26% of women agreed with the statement "I don't have enough saved for retirement," compared to 19% of men. Additionally, the survey revealed a contrast in emergency savings, with women holding a median of $2,400 (vs. a median of $9,000 in savings for men). ₂

Mega-cap tech stocks are heavily embracing artificial intelligence, as evident from the Q3 earnings calls of Apple, Alphabet, Amazon, Meta, Microsoft, and NVIDIA. The companies mentioned "AI" 418 times, a significant increase from just 109 mentions a year ago. ₂

November marked the 16th instance since 1979 when the S&P 500, Nasdaq, and Russell 2000 all surged at least 7.5% in the same month. Historically, after the previous 15 occurrences, median returns over the next year were +13.2% (S&P 500), +16.9% (Nasdaq), and +13.1% (Russell 2000). *₂

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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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