• The S&P 500 has gained 20%+ for two straight years. Only three times in history has it done so for a third: 1935-36 (followed by a 39% plunge in 1937), 1954-55 (a 2.6% rise in 1956), and 1995-98 (nearly 20% in 1999). *1
• In the U.S., more than 4.1 million people will turn 65 each year from 2024 to 2027. 2
• 75% of Baby Boomer homeowners plan to leave their homes or sale proceeds to their children, benefiting Gen X and Millennials with an estimated $17 trillion in home equity. 3
• The median age of homes in the U.S. is now 40 years, up from just 31 years in 2005. 4

1. Barrons - "Why the Stock Market Could Gain Another 20% in 2025"
2. WSJ- "What the Record Wave of New 65-Year-Olds Means for Wall Street"
3. 401k Specialist - "Silver Tsunami Likely to Bring Wave of Wealth to Children of Boomers"
4. The Daily Spark - "The Median US Home is 40 Years Old"

*Past performance is not indicative of future performance

Economic Calendar

Monday:

Chicago Business Barometer (PMI) (Dec), Pending home sales (Nov)

Tuesday:

S&P Case-Shiller home price index (20 cities) (Nov)

Wednesday:

New Year's holiday

Thursday:

Initial jobless claims (Dec), Construction spending (Nov)

Friday:

ISM manufacturing (Dec), Richmond Fed President Tom Barkin speaks, Auto sales (Dec)

Upcoming Earnings Calls

Monday - BHP, AVAL, AVXL, ZEO, EM

Tuesday - PROC, SJT, RFAC, SCLX, LUNA

Wednesday - New Year's holiday

Thursday- PSNY, UVV, EVLV, LZM, MLEC

Friday - NBIS, GBX, AMBI, HURC, NRT

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