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September 23, 2024 Investor Insights Thumbnail

September 23, 2024 Investor Insights

Investor Insights

China: All in on Renewables

September 23, 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. 

 

  • Since WWII, the S&P 500 has performed best in the fourth quarter (Q4), averaging a 4.2% gain and rising 79% of the time. This is double the performance of the next best quarter, Q1, which averages a 2.1% gain and rises 62% of the time. *1
  • China, the world’s largest carbon emitter, is heavily investing in renewables. In July, 50% of vehicles sold in the country were EVs. Additionally, in 2023, China installed 62% of the world’s non-hydro renewables, building more solar in one year than the US has in its history. 2
  • Since 1970, the S&P 500 has averaged a 21% rise in the year following the first rate cut in an easing cycle, provided there’s no recession. Yet, eight of the last nine easing cycles saw profits decelerating, but currently, profits are expanding. *3
  • In 2023, the US median real household income rose by 4.0%, the first significant annual increase since 2019. The female-to-male earnings ratio, however, dropped to 82.7% from 84.0% in 2022, the first decline since 2003. 1

Sources:

  1. MFS - "Beyond the News"
  2. Barrons - "Why China Went From Climate Laggard to Leader of the Energy Transition"
  3. Bloomberg - "Traders Need a New Stock Market Playbook for These Rate Cuts"

*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. 

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