Curious about what's happening in the stock market? Every month, the alooola® team summarizes the key takeaways in a quick, easy-to-understand article!
What Do I Need to Know?
Get Those Gains
•In the first 25 days of trading in 2023, the S&P 500 was up 8.5% - the 6th best start to a year since 1953.
•There have been 16 other years where the S&P 500 gained 5% or more in the first 25 days.
•Historically, the median rest-of-year performance was 17.6%, with gains occurring in 15 out of the 16 years... I like those odds!
ESG Explosion
•Environmental, social, and governance (ESG) is a relatively new investment strategy that attempts to invest money in companies that will help society and the wider world.
•Over the past five years, investors added an estimated $64.6 billion to funds using ESG strategies to invest in U.S. stocks.
•Yet investors are starting to see the downside of ESG funds which on average only have 2.6% invested in energy (for example, oil and gas companies).
•As a result, last year, ESG funds lost 19.7%, which is worse than the overall stock market.
Want more details?
Watch our 2-minute video on what else is happening in the stock market!
Cocktail Party Facts
•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. It might be time to start walking to work...
Financial Wellbeing
Savings Accounts
•Now may be a good time to consider changing where you put your extra savings.
•Since 2019, Americans have lost out on $291 billion in interest by keeping their savings in the five biggest banks.
•The average interest rate on a bank savings account is just 0.268%, whereas the yield on a 1-year treasury is now over 4.5%.
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Disclosure: alooola® is a branded investment advisory service provided by Glen Eagle Advisors, LLC, an SEC Registered Investment Adviser. The Glen Eagle Advisors brochure provides an explanation of the service and its fee structure. Material presented is for informational purposes only, and is not meant to be advice to any individual. Talk with alooola® to see how this information may apply to you. Consider your current financial situation, tolerance for risk, and investment objectives before you invest funds in securities through alooola®. For a more complete explanation of the alooola® service, please visit www.alooola.com. This email includes factual data based on articles published by Reuters, Wall Street Journal, Barrons Magazine, Apollo Chief Economist Research, BofA Global Research, MFS Research "By the Numbers", and Bloomberg.