• The U.S. buys about 80% of Mexico’s and Canada’s exports, while each country makes up around 15% of U.S. imports. This includes Canadian oil, which supplies nearly 20% of U.S. oil due to an established cross-border refining infrastructure. 1
• A study led by an MIT management professor found that the average founder of a U.S. startup (from 2007-2014) was nearly 42 years old—not in their 20s or 30s. Contrary to common belief, age turned out to be a strong predictor of success. 2
• Tech stocks now make up 31% of the S&P 500’s market value. Yet, this is not the first time the market has been overconcentrated. In 1812, financial stocks (banks & insurers) dominated at 71%. By 1900, railroads led at 63% of the market’s overall value. *3
• Crypto investors tend to be younger and male. Among those 18–29 years old, 42% of men and 17% of women have used crypto. However, only 17% of U.S. adults have invested in or used cryptocurrency. 4

1. Capital Group - "Tariffs Don't Change U.S. Economic Outlook"
2. NBER - "Age and High Growth Entrepreneurship"
3. WSJ- "What You Should Do About the Stock Market’s Giant Problem"
4. Barrons - "Younger Investors Like Options and Crypto. They Might Be Sorry."

*Past performance is not indicative of future performance

Economic Calendar

Monday:

None scheduled

Tuesday:

NFIB optimism index (Jan), Cleveland Fed President Beth Hammack speaks, Fed Chairman Jerome Powell testifies to Congress, San Francisco Fed President Daly speaks, New York Fed President Williams speaks, Fed Governor Michelle Bowman speaks

Wednesday:

Consumer price index (Jan), CPI year over year, Core CPI (Jan), Core CPI year over year, Fed Chairman Jerome Powell testifies to Congress, New York Fed President Williams speaks, Atlanta Fed President Bostic speaks, Monthly U.S. federal budget (Jan), Fed Governor Christopher Waller speaks

Thursday:

Initial jobless claims (Feb), Producer price index (Jan), Core PPI (Jan), PPI year over year, Core PPI year over year

Friday:

Import price index (Jan), Import price index minus fuel (Jan), U.S. retail sales (Jan), Retail sales minus autos (Jan), Industrial production (Jan), Capacity utilization (Jan), Business inventories (Dec), Dallas Fed President Lorie Logan speaks

Upcoming Earnings Calls

Monday - MCD, VRTX, ACGL, ROK, IX

Tuesday - KO, SPGI, SHOP, GILD, WELL

Wednesday - CSCO, APP, EQIX, CME, WMB

Thursday- AMAT, UL, SONY, DE, PANW

Friday - ENB, TRP, HMC, TU, FTS

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