• In 2024, it cost 3.7 cents to make a penny, up from 3.07 cents in 2023. The U.S. Mint lost $85.3 million last year, producing nearly 3.2 billion pennies. 1
• From 1996 to 2024, dog-owning households in the U.S. nearly doubled, and cat-owning households increased by 56%. Almost half of U.S. households now own a dog, and one-third own a cat. The pet care industry grew 66% in the past six years, reaching $151 billion in 2024. 2
• Disney's theme parks division, "Experiences," made up 70% of Disney's operating income in 2023, up from 41% in 2019. In 2024, a typical four-day visit to Walt Disney World for a family of four cost $4,266, up from $3,230 five years earlier. 3
• Gold futures rose 11% in 2025 after a 27% increase in 2024. Central banks, including those in China, Turkey, Russia, and Poland, have been buying gold to diversify away from the dollar. Global investment demand for gold increased by 25% in 2024. *4

1. WSJ - "What Trump’s Plan to Stop Minting Pennies Means for Consumers"
2. Barrons - "Americans Are Spoiling Their Pets. Buy This Gourmet Meal Maker’s Stock."
3. WSJ- "Even Disney Is Worried About the High Cost of a Disney Vacation"
4. Barrons - "Gold Has Surged. Why Gold Mining Stocks Are a Better Bet."

*Past performance is not indicative of future performance

Economic Calendar

Monday:

President's Day holiday, Philadelphia Fed President Patrick Harker speaks, Fed Governor Michelle Bowman speaks, Fed Governor Christopher Waller speaks

Tuesday:

Empire State manufacturing survey (Feb), Home builder confidence index (Feb), San Francisco Fed President Daly speaks, Fed Vice Chair for Supervision Michael Barr speaks

Wednesday:

Housing starts (Jan), Building permits (Jan), Minutes of Fed's January FOMC meeting, Fed Vice Chair Philip Jefferson speaks

Thursday:

Initial jobless claims (Feb), Philadelphia Fed manufacturing survey (Feb), Chicago Fed President Austan Goolsbee speaks, U.S. leading economic indicators (Jan), Fed Vice Chair for Supervision Michael Barr speaks, Fed Governor Adriana Kugler speaks

Friday:

S&P flash U.S. services PMI (Feb), S&P flash U.S. manufacturing PMI (Feb), Consumer sentiment (final) (Feb), Existing home sales (Jan), Fed Vice Chairman Philip Jefferson speaks, San Francisco Fed President Mary Daly opening remarks

Upcoming Earnings Calls

Monday - BHP, UFPI, NE, OTTR, RIG

Tuesday - ANET, MDT, CEG, CDNS, OXY

Wednesday - HSBC, ADI, CVNA, MFC, E

Thursday- WMT, BABA, BKNG, MELI, SO

Friday - VIPS, USM, BCPC, TDS, TXNM

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