The Big Get Bigger

May 22, 2023


Enjoy this week's "Investor Insights," a weekly newsletter highlighting the financial news you need and providing tips and tricks to help you make better investment decisions. 

  • The banking crisis has only led J.P. Morgan Chase, the largest bank in the nation, to get even bigger. JPM now accounts for more than 13% of all bank deposits. Additionally, the bank holds a substantial 21% share of all credit-card spending. 1


  • Investor excitement over artificial intelligence has driven the S&P 500's 9% gain this year. An analysis revealed that excluding 20 AI-related stocks, the index would have a -10% return so far in 2023. 2


  • Berkshire Hathaway's $116 billion stake in Apple represents 38% of its public equity holdings, surpassing the market caps of all but 64 stocks in the S&P 500. 3


  • Lumber futures, which surged 545% from April 2020 to May 2021, have now declined by 25% compared to pre-COVID prices. This drop in lumber prices has led to the S&P 500 Homebuilder group's 44% increase over the past year, with the group nearing all-time highs. 3

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  1. WSJ - "America’s Biggest Bank Is Everywhere—and It Isn’t Done Growing"
  2. Reuters - "Wall Street Week Ahead: Artificial intelligence gives real boost to US stock market"
  3. MFS - "Beyond the News"


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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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