Market Plunge Continues

September 26, 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 S&P 500 is down 23% so far in 2022, on track for its biggest annual decline since 2008. Yet, history shows that this type of drop is not unprecedented. Over the 50 years from 1970-2019, there were 7 recessions, 10 bear markets, and 4 legitimate market crashes with losses of over 30% for the U.S. stock market.₁

Airfare prices are set to surge due to pent-up demand plus higher costs for jet fuel and labor. Flights over the Christmas holiday are forecasted to be up 39% since last year.₂

Recent data shows that as more investors have crowded into private equity, its returns have fallen. In fact, over the past 10 years, the return of PE investments failed to outperform the stock market as the average return was nearly the same as the S&P 500, 14.8%.₃

2022 has been the worst year for “buying the dip” since the 1930s. Instead of rebounding, stocks have continued to fall. After any one-day loss of at least 1%, the S&P 500 has dropped an average of 1.2% over the following week.₄

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A Wealth of Common Sense - "Navigating the Pain of Your First Bear Market"
Barron's - "Holiday Flight Prices Are Already Sky High"
WSJ - "Pensions Brace for Private-Equity Losses"
WSJ - "Buying the Stock-Market Dip Is Backfiring This Year"

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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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