• Americans are living longer than many plan for: a healthy 65-year-old married couple has a 50% chance one spouse reaches 94 and a 25% chance one reaches 98, yet 52% do not adequately factor longevity into retirement planning. 1

• U.S. households lead the world in stock ownership at 55%. This is higher than both developed countries, such as the United Kingdom (33%) and Japan (15%), as well as developing nations, such as China (7%) and India (6%). 2

• Spirit Airlines’ collapse continues to reshape an airline industry already pressured by higher fuel costs. Domestic airfares are up 36% this year, but the largest carriers (Delta, American, Southwest, and United) still dominate the market with a combined 69% share. 3

• The S&P 500’s rally approached record highs again last week. Since 1960, the index has historically gained ~12% in the year following a record high. *4

1. Capital Group – “Longevity: Don’t plan for an average retirement”
2. Paul Kedrosky – “Chart of the Day: The U.S. Leads the World in Stock Ownership”
3. Barron’s – “Farewell, Ultra-Cheap Flights. What Spirit’s Demise Means for You—and Airline Stocks.”
4. Barron’s – “Why the S&P 500 Is Heading to 8000”

*Past performance is not indicative of future performance

Economic Calendar

Monday:

Existing Home Sales (April)

Tuesday:

New York Fed President John Williams speaks, NFIB Optimism Index (April), Consumer Price Index (April), CPI Year over Year, Core CPI, Core CPI Year over Year, Chicago Fed President Austan Goolsbee speaks, Monthly U.S. Federal Budget (April)

Wednesday:

Producer Price Index (April), Core PPI, PPI Year over Year, Core PPI Year over Year, Boston Fed President Susan Collins speaks

Thursday:

U.S. Retail Sales (April), Retail Sales Minus Autos, Initial Jobless Claims (May 9), Import Price Index (April), Import Price Index ex Fuel, Business Inventories (March), Cleveland Fed President Beth Hammack speaks, New York Fed President John Williams speaks, Federal Reserve Governor Michael Barr speaks

Friday:

Empire State Manufacturing Survey (May), Industrial Production (April), Capacity Utilization (April)

Upcoming Earnings Calls

Monday - PBR, CEG, B, SPG, VIV

Tuesday - NU, SE, FNV, JD, HMC

Wednesday - CSCO, BABA, SMF, MFC, TAK

Thursday - AMAT, BN, VIK, BAP, NVMI

Friday - RBC, HTHT, SBSW, BRC, RLX

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

Carol Ann Fernandez

Rob Michel

Grier Vacek

Glen Eagle Wealth, LLC

4422C Route 27

PO Box 399

Kingston, NJ 08528

(609) 631-8231