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Market Moment
Glen Eagle®: America’s Women-Owned Trading Desk®
9/8/2026
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The richest 1% of U.S. households now control 31.6% of U.S. wealth, up from 22.9% in 1989. Meanwhile, the middle-class share of wealth fell from 35.7% to 29.6%, and the bottom 50% fell from 3.4% to 2.5%. *1
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72% of U.S. adults feel at least some guilt when spending on fun instead of financial goals, including 20% who report high guilt. Despite this emotional struggle, 68% say they spend the right amount on enjoyment. 2
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95.7% of businesses using AI reported no change in employment, while 2.3% increased and 2.0% decreased employment. Among AI users, 44% say AI enhances existing work, while only 10% say it performs tasks previously done by employees. 3
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38.3% of 28-year-old Gen Zers owned a home in 2025, compared with 42.5% of Gen Xers and 44.4% of baby boomers at the same age. At age 36, homeownership was 57.2% for Millennials, compared with 61.2% for Gen Xers and 63.7% for boomers, highlighting the affordability challenges younger generations face. 4
- Barron’s – “Unions Help Build the Middle Class. They Have Been Losing Strength for Decades.”
- Bloomberg – “Americans Say They Feel Guilty About Spending Money on Fun”
- Marginal Revolution – “AI and Employment: So Far, So Good”
- Redfin – “More Gen Zers are Buying Homes. But It’s a Trickle, Not a Flood.”
*Past performance is not indicative of future performance
Economic Calendar
Monday:
No events scheduled
Tuesday:
NFIB Small Business Optimism, Consumer Credit
Wednesday:
No events scheduled
Thursday:
Weekly Jobless Claims, PPI, Core PPI, Wholesale Trade, Existing Home Sales
Friday:
CPI, Core CPI, Michigan Consumer Sentiment, Treasury Balance
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US Markets*
S&P 7,690.22 -0.37%
DOW 52,848.61 -0.65%
NASDAQ 26,288.46
-1.06%
World Markets*
FTSE 10,811.16
-0.10%
NIKKEI 65,269.33 -1.70%
HANG SENG 25,317.18 -0.38%
*values as of 11:35am EST 9/8/2026
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Treasuries*
2 YR 4.389%
10YR 4.788%
30 YR 5.245%
Cryptocurrencies*
BTC-USD
78,747.76
-0.09%
ETH.CM
2,494.95
-0.97%
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Currencies*
Euro $1.1628
Pound $0.7384
Yen $154.1930
Commodities*
Gold 4,448.30
-0.63%
WTI Crude 92.74
+1.38%
Silver 66.99
+0.36%
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Upcoming Earnings Calls
Monday - Labor Day Holiday
Tuesday - CASY, GME, TTAN, BRZE, ABM
Wednesday - SUNB, COO, SAIL, CHWY, CNM
Thursday - ORCL, ADBE, CRPT, VFS, DSGX
Friday - KR, KT, NB, IMPP, HTLM
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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
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