The New Netflix

May 1, 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.

Stock market volatility seems to be falling in 2023. Last year there were 46 days when the S&P 500 moved up or down over 2% compared to just two such days so far in 2023. ₁

Netflix has announced the closure of its DVD red-envelope delivery business. Its DVD business generated more than $1 billion in revenue a decade ago but made just $146 million last year (around 0.5% of Netflix’s total revenue). ₂

According to a Pew Research study, more women are earning equal or higher salaries than their husbands. The study revealed that only 55% of marriages now have men as the sole or primary earners, a significant decrease from more than 85% in 1972. ₃

The S&P 500 has been in a bear market for 221 days, down over 20% from its peak. This marks the longest bear market in nearly 50 years since 1973, surpassing the selloff periods that occurred during the dot-com bubble burst in 2001 and 2008 financial crisis. ₄

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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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