Investor Insights: September 12, 2022

September 12, 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. If you would prefer not to receive these weekly updates, click the button below.

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The energy crunch in Europe escalated into a crisis this past week after Putin cut off the pipeline that supplies a third of the natural gas that Russia sends to Europe. Natural-gas prices soared 30% at one point, and analysts projected that Europeans would see their monthly energy bills triple this winter.₁

Many believe Europe is entering into a recession which will impact the US as well since 20%-25% of the revenue generated by companies in the S&P 500 comes from the region.₂

The S&P 500 has closed in the green (i.e. higher) on just 44.6% of days this year, the lowest number of positive days since 2002.₃

U.S. inflation has averaged more than 8% over the past year. Yet wages have advanced only 5.3%. Some believe this will increase workers' interest in joining unions for bargaining power. In 1983, one in five workers were in a union, but that steadily decreased over the next several decades.₄

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Barron's - "How Europe's Energy Crisis Could Play Out"
Barron's - "Pay Attention to Europe's Unfolding Crises. They Could Impact U.S Stocks"
Money Magazine - "Infographic"
Barron's - "With Inflation Hot, 2023 Looks Like a Prime Year for Labor Unrest"

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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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