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Tax Loss Harvesting Opportunities Abound Amid Equity Declines 

  • The S&P 500 is on pace to record its third-highest percentage of down days of 1% or more in the past 35 years. 
  • Declines of 1% or more have occurred on over one-quarter (27%) of all trading days so far this year, well above the long-term average of 12%. 
Source: Bloomberg and S&P. Data as of 9/30/22. S&P 500 Index is an unmanaged index of 500 common stocks of large U.S. companies, weighted by market capitalization. Indices are unmanaged and are provided for informational purposes only. Investors cannot directly invest in an index. Past performance does not guarantee future results.
This year's high volatility and falling stock prices continue to generate strong tax loss harvesting opportunities.
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Bonds Now Offer Investors a Viable Alternative to Stocks

Bonds Now Offer Investors a Viable Alternative to Stocks

Sep 28, 2022

Rising rates give investors who use dividend stocks to generate higher income a compelling reason to consider fixed income assets now.

SPOTLIGHT | On the Markets

SPOTLIGHT | On the Markets

Data illustrating current market conditions and trends—and what they mean for investors

Growth Stocks Become Attractive as Market Earnings Growth Declines

Growth Stocks Become Attractive as Market Earnings Growth Declines

Sep 14, 2022

As overall growth normalizes, companies able to deliver consistently strong growth will likely be in high demand.

Steep Discounts In SMID Caps May Signal Strong Future Returns

Steep Discounts In SMID Caps May Signal Strong Future Returns

Aug 17, 2022

Discounted valuations leave SMID caps at their cheapest prices vs. large caps since the dot-com era, presenting a potentially compelling entry point.

Short-duration high yield can mitigate rate, credit, and equity risks

Short-duration high yield can mitigate rate, credit, and equity risks

Aug 3, 2022

Short-duration HY bonds can help mitigate interest and credit risk while providing strong, less volatile, return potential than equities and broad HY bonds.

Investing involves risks. Some investments are riskier than others. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost. Diversification and asset allocation do not guarantee profit or protect against loss. 

The views expressed herein are those of PGIM Investments professionals at the time the comments were made and may not be reflective of their current opinions and are subject to change without notice. Neither the information contained herein nor any opinion expressed shall be construed to constitute investment advice or an offer to sell or a solicitation to buy any securities mentioned herein. This commentary does not purport to provide any legal, tax, or accounting advice.  

Certain information in this commentary has been obtained from sources believed to be reliable as of the date presented; however, we cannot guarantee the accuracy of such information, assure its completeness, or warrant such information will not be changed. The information contained herein is current as of the date of issuance (or such earlier date as referenced herein) and is subject to change without notice.  

Any projections or forecasts presented herein are subject to change without notice. Actual data will vary and may not be reflected here. Projections and forecasts are subject to high levels of uncertainty. Accordingly, any projections or forecasts should be viewed as merely representative of a broad range of possible outcomes. Projections or forecasts are estimated, based on assumptions, and are subject to significant revision and may change materially as economic and market conditions change. 

© 2023 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The Global Industry Classification Standard (GICS) was developed by and is the exclusive property and a service mark of MSCI, Inc. (MSCI) and Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. (S&P). GICS classifications and related GICS information are provided “as is” with no express or implied warranties. The presentation may contain confidential information and unauthorized use, disclosure, copying, dissemination, or redistribution is strictly prohibited. This is a presentation of the S&P 500 Index data. S&P is not responsible for the formatting or configuration of this material or for any inaccuracy in presentations thereof. This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients.  The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact their financial professional. 

Jennison Associates and PGIM, Inc. (PGIM) are registered investment advisors and Prudential Financial companies. PGIM Quantitative Solutions is the primary business name of PGIM Quantitative Solutions LLC, a wholly owned subsidiary of PGIM. PGIM Fixed Income and PGIM Real Estate are units of PGIM. © 2023 Prudential Financial, Inc. and its related entities. Jennison Associates, Jennison, PGIM Real Estate, PGIM, and the PGIM logo are service marks of Prudential. 

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