Investment insights from Capital Group
The inverted yield curve warns of recession risk
Sources: Capital Group, Bloomberg Index Services Ltd., National Bureau of Economic Research, Refinitiv Datastream. As of March 31, 2023.
Consumers are in better shape than they have been ahead of past recessions
Sources: Capital Group, Board of Governors of the U.S. Federal Reserve System, Bureau of Labor Statistics, National Bureau of Economic Research. Unemployment rate reflects the seasonally adjusted total unemployment rate. Household debt service payments as a percentage of total disposable income are seasonally adjusted, and the debt service component includes both mortgage payments and scheduled consumer debt payments. Data is quarterly, as of 12/31/2022.
After large declines, markets have rebounded relatively quickly
Sources: Capital Group, RIMES, Standard & Poor's. As of 12/31/2022. Market downturns are based on the five largest declines in the value of the S&P 500 Index (excluding dividends and/or distributions) with 100% recovery after each decline. The return of each of the five years after a low is a 12-month return based on the date of the low. The percentage decline is based on the index value of the unmanaged S&P 500, excluding dividends and/or distributions. The average annual total returns include reinvested dividends and/or distributions but do not reflect the effect of sales charges, commissions, account fees, expenses, or taxes. Past results are not predictive of results in future periods.
Market Volatility
European Equity
U.S. Equities
Past results are not predictive of results in future periods. It is not possible to invest directly in an index, which is unmanaged. The value of investments and income from them can go down as well as up and you may lose some or all of your initial investment. This information is not intended to provide investment, tax or other advice, or to be a solicitation to buy or sell any securities.
Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. All information is as at the date indicated unless otherwise stated. Some information may have been obtained from third parties, and as such the reliability of that information is not guaranteed.
Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.