• September has historically been the S&P 500’s weakest month. Over the last 25 years, September has had an average decline of 1.5%, with gains just 48% of the time. *1

• NVIDIA’s market cap reached $4.4T on 8/28—equal to 6 Walmarts, 38 Nikes, or 94 Fords—and larger than the stock markets of five G7 countries. *1

• Financial stability seems to be weakening recently. 53% of Americans say their finances worsened in the past six months; 13% missed minimum credit card payments in August (up from 8% in the spring). 1

• The U.S. dollar is down 7% this year, which has lifted foreign asset values. Yet, U.S. investors still hold 81% of their equity in domestic stocks, even though U.S. stocks make up just 65% of the global market value. *2

1. MFS - "Beyond the News"
2. Barrons - "American Exceptionalism May Be Dying. How to Make the Best of It."

*Past performance is not indicative of future performance

Economic Calendar

Monday:

Consumer credit (Jul)

Tuesday:

NFIB optimism index (Aug)



Wednesday:

Producer price index (Aug), Core PPI (Aug), PPI year over year, Core PPI year over year, Wholesale inventories (Jul)

Thursday:

Consumer price index (Aug), CPI year over year, Core CPI (Aug), Core CPI year over year, Initial jobless claims (Aug), Monthly U.S. federal budget (Aug)

Friday:

Consumer sentiment (prelim) (Sep)

Upcoming Earnings Calls

Monday - CASY, KEP, KT, PL, PACS

Tuesday - ORCL, SNPS, RBRK, NBIS, CNM

Wednesday - CHWY, MANU, LU, YEXT, DAKT

Thursday- ADBE, KR, CMCM, RH, AACT

Friday - JKS, NFE, OPT, VALU, AMBI

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