-
Power prices in August were 31% higher than they were four years prior, compared with a 19% increase for overall prices. 1
-
The top 10% of earners accounted for 49.2% of consumer spending in Q2, up from 43.2% before COVID and 37.3% in 1995. 2
-
61% of baby boomer homeowners say they’ll never sell, up from 54% in 2024. Most reject blame for the housing crisis, favor protecting home values, and oppose more government aid for young buyers. 3
-
NVIDIA and Apple now make up 14% of the S&P 500, while the “Magnificent Seven” stocks account for nearly 30% of the index. *4
- WSJ - "Higher Electricity Prices Aren’t All Good for Utilities"
- MFS - "Beyond the News"
- Yahoo Finance - "61% of Boomers Never Plan to Sell Their Homes, While 76% Say They're Tired of Blame for Housing Crisis"
- A Wealth of Common Sense -"Animal Spirits: A Mania is Brewing"
*Past performance is not indicative of future performance
Economic Calendar
Monday:
Federal Reserve governor Christopher Waller speech, Cleveland Fed President Beth Hammack speech, Pending home sales (Aug), Atlanta Fed President Raphael Bostic speech
Tuesday:
Federal Reserve Vice Chair Philip Jefferson speech, S&P Case-Shiller home price index (20 cities) (Jul), Chicago Business Barometer (PMI) (Sep), Job openings (Aug), Consumer confidence (Sep), Chicago Fed President Austan Goolsbee speech
Wednesday:
ADP employment (Sep), Construction spending (Aug), S&P final U.S. manufacturing PMI (Sep), ISM manufacturing (Sep), Auto sales (Sep)
Thursday:
Initial jobless claims (Sep), Factory orders (Aug), Dallas Fed President Lorie Logan speech
Friday:
U.S. employment report (Sep), U.S. unemployment rate (Sep), U.S. hourly wages (Sep), Hourly wages year over year, S&P final U.S. services PMI (Sep), ISM services (Sep), Federal Reserve Vice Chair Philip Jefferson speech
| 
