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September 5, 2023 Market Moment Thumbnail

September 5, 2023 Market Moment

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Glen Eagle®: America’s Women-Owned Trading Desk®  


  • Stocks have far outperformed bonds since the start of the COVID pandemic in March 2020, with the S&P 500 gaining 80% while the US Aggregate Bond Index fell by -11% over the past 41 months. This marks a 90% gap, the largest since March 2000. 1
  • A July survey of 2,000 employers revealed that almost half of them reduced pay for recent job openings. Additionally, 35% of newly hired workers reported taking a pay cut at their new jobs. 1
  • Used car prices have surged by 30% to an average of $27,000 since the pandemic began. It now takes 42 months on average to pay off a new car, and the percentage of "severely delinquent" auto loans has risen to 5.37%, the highest level since 2006. 1
  • Emerging market economies (ex: China, India, Mexico, Taiwan, South Korea, Vietnam), which are home to over 4.3 billion people and account for around half of global GDP, are expected to grow by 4.1% in 2024 compared to just 1.4% in advanced economies. 2


  1. MFS - "Beyond the News"
  2. WSJ - "Is Now the Time to Invest in Emerging Markets?"

*Past performance is not indicative of future performance

Client Focused Trading® for large institutions, pensions, hedge funds, wealthy families, and private equity for over 30 years.

Glen Eagle Wealth, LLC is a member FINRA and SIPC

This desk commentary is for informational purposes only

Glen Eagle Wealth, LLC

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Kingston, NJ 08528

(609) 631-8231