Losing Streak

October 3, 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 Dollar Index, which measures the dollar against 16 currencies, is up more than 16% so far this year. The dollar also had its best quarterly performance since 2016.₁

The stock market has sustained deep losses this year as the Federal Reserve raises interest rates. The S&P 500, Dow Jones, and Nasdaq all recorded their worst first nine months of a calendar year since 2002 and have fallen for three consecutive quarters.₂

The S&P 500 has seen a September decline of 7% or more 11 times, according to data going back to 1928. During these times, the S&P 500 rose an average of 0.53% in the following October.₃

Some wonder if the real estate market is poised to fall as it did during the Great Financial Crisis. However, analysts point out that in 2007, 26% of mortgage originations went to people with credit scores below 660. However, that number is closer to 5% today.₄

If you would prefer not to receive these weekly updates, click the button below.

Opt-Out of Investor Insights Emails*

Other Glen Eagle Resources

Recent Newsletter

Webinar Recording

Please feel free to share this newsletter with your network

Your Glen Eagle Advisors

Susan Michel

Rob Michel

Carol Ann Fernandez

Schedule a Meeting with The Michel Team

WSJ - "For Corporate America, Strong U.S. Dollar Cuts Both Ways"
WSJ - "Stocks Finish a Losing Week, Month and Quarter"
Barron's - "Stocks Just Suffered Their Worst September Since 2002. What That Means for October."
The Irrelevant Investor - "This is Not 2008"

*We will continue to keep you updated with our quarterly newsletters and webinar events. If you would like to update your email subscription, please click "Update Profile" at the bottom of this email.

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.

Glen Eagle Wealth, LLC is a member of FINRA, MSRB and SIPC

Glen Eagle Advisors, LLC is a SEC Registered Investment Advisor

Glen Eagle ADV Part 2A