Although children of the top 1% of American income earners have significant financial advantages over their peers, a full 40% of them fall out of the top fifth of income earners as adults. 1
U.S. data center construction spending reached a record $75.2 billion in July 2026, up 665% from just $9.5 billion in March 2020. Over the same period, office construction spending fell from its $72.2 billion peak to $44.8 billion. 1
Spending on basic necessities has steadily declined as a share of disposable personal income, falling from 53% in the late 1940s to 32% in 2024. Households are spending about 21 percentage points less of their income on the basics than they did after WWII. 1
$1 million in 1993 had the purchasing power of only about $475,000 by the end of 2024. At 3% inflation, purchasing power is cut in half roughly every 23 years, while at 4% it takes only about 17 years. 2
MFS - “Beyond the News”
A Wealth of Common Sense - “Millionaires Everywhere”
*Past performance is not indicative of future performance
Economic Calendar
Monday:
No events scheduled
Tuesday:
Empire State Manufacturing Survey (Sep.), FOMC Meeting
Wednesday:
Retail Sales (Aug.), Import Prices (Aug.), Manufacturing & Trade Inventories (Jul.), NAHB Housing Market Index (Sep.), Federal Reserve Economic Projections, U.S. Interest Rate Decision
Thursday:
Housing Starts (Aug.), Philadelphia Fed Business Outlook Survey (Sep.), Weekly Jobless Claims (Sep. 12), Pending Home Sales (Aug.)
Friday:
Industrial Production (Aug.), Capacity Utilization (Aug.), Leading Indicators (Aug.)
US Markets*
S&P 7,598.00 -0.80%
DOW 52,759.00 -0.46%
NASDAQ 28,835.50
-1.88%
World Markets*
FTSE 10,727.73
+0.73%
NIKKEI 63,492.99 -0.81%
HANG SENG 24,917.60 +0.45%
*values as of 9:45am EST 9/14/2026
Treasuries*
2 YR4.656%
10YR 4.990%
30 YR 5.363%
Cryptocurrencies*
BTC-USD
78,247.20
+1.86%
ETH.CM
2,510.87
+1.31%
Currencies*
Euro $1.1537
Pound $0.7421
Yen $154.8760
Commodities*
Gold 4,297.60
-2.52%
WTI Crude 103.55
+3.50%
Silver 63.44
-2.68%
Upcoming Earnings Calls
Monday - GRFS, CHRN, KMTS, CSHR, CURR
Tuesday - TCOM, FPS, AREC, ESP, ELME
Wednesday - LEN, SA, ANAB, LUXE, RZLT
Thursday - VFS, HUBG, ABAT, IPHA, DAVA
Friday - NB, HTLM, TRT, ZONE, PLCE
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
