Car Problems

February 21, 2023

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.

In the S&P 500 index, there are just 20 stocks that had a higher dividend yield than the yield on the 2-year treasury, which was at 4.45%*. This is a massive difference compared to just two years ago when there were 382 stocks in the S&P 500 with higher yields than the 0.11% the 2-year treasury was yielding at the time. ₁

With a gain of 8.5% in the first 25 days of trading in 2023, the S&P 500 has had its 6th best start to a year since 1953. There have been 16 other years where the S&P gained 5% or more in the first 25 days, and the median rest of-year performance was 17.6%, with gains occurring 15 out of 16 times. ₁

The average monthly payment on a new car has soared to a record $777, nearly double the average payment from 2019. That accounts for nearly 1/6th of the median after-tax income for US households.₂

Shares of fast-growing companies are leading the 2023 stock rally. The last time growth stocks were beating value stocks by as large of a margin was in 2020. Companies leading the rally include Apple (up 18%), Tesla (up 69%), and Nvidia (up 46%). ₃

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*Figures based on: MFS - "Beyond the News" data from 2/7/23

MFS - "Beyond the News"
Businessweek - "New Car Prices are so High that Only Rich Americans can Afford Them
"WSJ - "‘Growth Stocks Are Trumping Value Once Again"

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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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