• Since 1983, college tuition has increased by 899%, far outpacing inflation, which rose 225%. The one silver lining is that since 2020, private and public school tuition has fallen by –5.8% and –9.8%, respectively. 1

• Although gold is up around 30% this year, investors may want to remember that the metal does not shine through all market cycles. In fact, at a price of $3,300, gold has still not exceeded its 1980 high when adjusted for inflation. *2

• Zillow economists now project a 1.7% drop in U.S. home prices from March 2025 to March 2026.  There are fewer buyers since home prices rose an astounding 40% during the pandemic, and 30-year mortgage rates remain above 6%. 3

• Import volumes at the Port of Los Angeles show a significant slowdown in international trade. During the week of May 4-10, only 77,097 TEU (twenty-foot equivalent units) were imported, which is down 30.81% from last year. 4

1. MFS- "Beyond the News"
2. WSJ - "The Mistake You’re Making in Today’s Stock Market—Without Even Knowing It"
3. Fast Company - "Zillow turns full-blown housing market bear—just look at its new forecast"
4. Apollo - "Port of Los Angeles Import Volumes"

*Past performance is not indicative of future performance

Economic Calendar

Monday:

None scheduled

Tuesday:

Advanced U.S. trade balance in goods (Mar), Advanced retail inventories (Mar), Advanced wholesale inventories (Mar), S&P Case-Shiller home price index (20 cities) (Feb), Consumer confidence (Apr), Job openings (Mar)

Wednesday:

ADP employment (Apr), GDP (Q1), Employment cost index (Q1), Chicago Business Barometer (PMI) (Apr), Consumer spending (Mar), Personal income (Mar), PCE index (Mar), PCE (year-over-year), Core PCE index (Mar), Core PCE (year-over-year), Pending home sales (Mar)

Thursday:

Initial jobless claims, S&P final U.S. manufacturing PMI (Apr), ISM Manufacturing (Apr), Construction spending (Mar), Auto sales (Apr)

Friday:

U.S. nonfarm payrolls (Apr), U.S. unemployment rate (Apr), U.S. hourly wages (Apr), Hourly wages year over year, Factory orders (Mar)

Upcoming Earnings Calls

Monday - FMX, WELL, WM, CDNS, ROP

Tuesday - V, KO, NVS, AZN, HSBC

Wednesday - MSFT, META, QCOM, CAT, TTE

Thursday- AAPL, AMZN, LLY, MA, MCD

Friday - BRK.B, XOM, CVX, ETN, CI

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