The share of homebuyers receiving down payment assistance has increased from 35% in 2023 to 40% in 2026, with nearly 80% of Gen Z homeowners receiving help and 33% saying they could not have purchased their home without it. 1
Emerging market stocks have outperformed this year, with the MSCI Emerging Markets Index up 22%. Yet the index is not as diversified as many investors assume. Companies from China, South Korea, and Taiwan together represent roughly 70% of its allocation. *2
Spain’s soccer team, the 2026 World Cup winner, will earn a $50 million prize. However, the players will owe both US federal and state income tax on the portion of their compensation attributable to “services” performed here. 3
U.S. gasoline prices climbed above $4.00 per gallon for the first time since mid-June, reaching $4.003, even as Brent crude fell 0.2% to $87.94 per barrel and WTI crude declined 0.6% to $81.29. 4
LendingTree - "Nearly 80% of Gen Z Homeowners Had Down Payment Help on Their Current Home, and 33% of Them Say They Couldn't Have Bought Without It"
Bloomberg - "Time to Rethink Emerging Market Winners. Why a Broad Index Won't Cut It."
MarketWatch - "The World Cup-Winning Side Will Make $50 Million — and the IRS Gets a Cut"
Bloomberg - "Gas Prices Top $4 a Gallon Again After U.S. and Iran Trade More Strikes"
*Past performance is not indicative of future performance
Economic Calendar
Monday:
Leading Indicators (Jun), Federal Reserve Board of Governors closed meeting
Tuesday:
Federal Reserve Board of Governors closed meeting
Wednesday:
No events scheduled
Thursday:
Weekly Jobless Claims (Jul 18), Kansas City Fed Survey (Jul)
Friday:
US Flash Manufacturing PMI (Jul), US Flash Services PMI (Jul), New Home Sales (Jun)
US Markets*
S&P 7,510.79 +0.70%
DOW 52,208.20 +0.12%
NASDAQ 25,808.85
+1.13%
World Markets*
FTSE 10,561.13
-0.37%
NIKKEI 61,141.12 -4.03%
HANG SENG 25,143.05 +2.36%
*values as of 9:50am EST 7/20/2026
Treasuries*
2 YR4.206%
10YR 4.570%
30 YR 5.088%
Cryptocurrencies*
BTC-USD
64,505.34
+0.11%
ETH.CM
1,868.66
-0.10%
Currencies*
Euro $1.1417
Pound $0.7437
Yen $162.4000
Commodities*
Gold 4,016.10
-0.07%
WTI Crude 81.21
-0.70%
Silver 57.14
+1.44%
Upcoming Earnings Calls
Monday - STLD, RYAAY, WRB, AGNC, CCK
Tuesday - NVS, SCHW, IBKR, DHR, CB
Wednesday - GOOG, GOOGL, TSLA, PM, GEV
Thursday - INTC, RTX, TMUS, TMO, SAP
Friday - AXP, NEE, VZ, HCA, CNI
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
