Stock Ownership Soars -- Investor Insights from Glen Eagle

Stock Ownership Soars

December 26, 2023

Enjoy this week's "Investor Insights," a weekly newsletter highlighting the financial news you need and providing tips and tricks to help you make better investment decisions.

The percentage of Americans owning stocks has reached a record high of 58%, up from 53% in 2019. This marks the highest household stock ownership rate recorded. ₁

Houthi rebels are disrupting Red Sea shipping, leading four of the world's five largest container shipping companies to halt transit through the Red Sea. Over 10% of oil and 20% of container traffic was shipped through the Red Sea prior to the conflict. ₂

Apple's value is approaching that of France's entire stock market, concentrating investor reliance on a smaller number of companies. The top 10 companies in the S&P 500 now equal the combined value of the bottom 415. *₃

Americans over 70 control over 30% of the country's wealth, with a net worth increase of $14 trillion since 2019. This growth is attributed to the aging population and rising home values, particularly among older baby boomers. ₄

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WSJ - "More Americans Than Ever Own Stocks"
Advisorpedia - "Will The Red Sea Blockade Reignite Inflation Fears?"
Advisor Hub - "Forget the top 5, These stocks were the biggest movers in the S&P 500 in 2023"
Bloomberg - "Americans Over 70 Hold More Than 30% of the Country's Wealth"

*Past performance is not indicative of future performance

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Disclosure: This information is furnished for the use of Glen Eagle Advisors, LLC, Glen Eagle Wealth, LLC, and their clients and/or contacts. It does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific objectives, financial situation, or particular needs of any specific person. Investors reading this commentary should consult with their Glen Eagle representative/financial advisor regarding the appropriateness of investing in any securities or adapting any investment strategies discussed or recommended in this newsletter.

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