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July 1, 2024 Investor Insights Thumbnail

July 1, 2024 Investor Insights

Investor Insights

Shipping Costs Add to Inflation

July 1, 2024

Enjoy this week's "Investor Insights," a weekly newsletter that highlights the financial news you need and provides tips and tricks for making better investment decisions. 

  • Global shipping costs are now five times higher than in 2023, with Asia-Europe container rates at $8,000 per 40-foot container, up from $1,500. Houthi attacks in the Red Sea, a container shortage, and a potential US dockworker strike have all contributed to the price increase. 1
  • In 2014, the US made up about 36% of the world stock market. Today, that percentage has grown to an astounding 48% despite the fact that the US is only responsible for about 25% of global GDP. 2
  • AI has continued to drive the stock market higher in 2024. In fact, AI-related S&P 500 companies gained 14.7% in market value in the second quarter, while non-AI stocks lost 1.2%. 3*
  • The average interest rate on a used car in Q4 2023 was 11.9%, varying widely by credit score. Super prime borrowers (780+ credit score) saw 7.7%, near prime (600-660) had 14.1%, and subprime (500-600) faced 18.9%. 4

Sources:

  1. Barrons - "Shipping Rates Spike, Triggering Inflationary Fears"
  2. Bespoke - "This Week's Can't-Miss Analysis + Bespoke 50 Update"
  3. WSJ - "The Quarter That Split the Market, in Six Charts"
  4. MFS - "Beyond the News"

*Past performance is not indicative of future performance

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 

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