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Market Moment
Glen Eagle®: America’s Women-Owned Trading Desk®
3/17/2025
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Apple, Microsoft, Nvidia, Amazon, Google, Meta, and Tesla drove over half of the S&P 500's 23% gain in 2024, rising an average of 60%. This year, their 15% average decline accounts for 95% of the index's 6% drop. *1
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US employers announced 172K job cuts in February, the highest since July 2020 and the highest February since 2009. Year-to-date layoffs total nearly 222K, the most since 2009. 2
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The average market loss during a correction is 13%, typically recovered in about four months. After the last 15 corrections since 2008, the S&P 500 rose over 15% on average in the next 12 months. *3
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12% of Americans borrowed money for health care last year. Those under 50 were twice as likely (20%) to borrow compared to those aged 50-64 (9%). Of those who borrowed, 58% borrowed at least $500. 2
- Barrons- "The Mag 7 Stocks Have Gotten Crushed. Buy These 4 Now."
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MFS - "Beyond the News"
- Barrons - "The S&P 500 Is in a Correction. What History Says Happens Next."
*Past performance is not indicative of future performance
Economic Calendar
Monday:
U.S. retail sales (Feb), Retail sales minus autos (Feb), Empire State manufacturing survey (Mar), Business inventories (Jan), Home builder confidence index (Mar)
Tuesday:
Housing starts (Feb), Building permits (Feb), Import price index (Feb), Import price index minus fuel (Feb), Industrial production (Feb), Capacity utilization (Feb)
Wednesday:
FOMC interest-rate decision, Fed Chair Powell press conference
Thursday:
Initial jobless claims (Mar), Philadelphia Fed manufacturing survey (Mar), Existing home sales (Feb), U.S. leading economic indicators (Feb)
Friday:
None scheduled
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US Markets*
S&P 5,637.75 -0.04%
DOW 41,441.00 -0.17%
NASDAQ 19,729.25
+0.09%
World Markets*
FTSE 8,654.52
+0.26%
NIKKEI 37,396.52
+0.93%
HANG SENG 24,145.57 +0.77%
*values as of 9:30am EST 3/17/2025
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Treasuries*
2 YR 4.036%
10YR 4.293%
30 YR 4.588%
Cryptocurrencies*
BTC-USD
82,840.23
-0.11%
ETH.CM
1,900.26
+0.68%
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Currencies*
Euro $1.0904
Pound $0.7708
Yen $148.8470
Commodities*
Gold 2,996.20
-0.16%
WTI Crude 67.89
+1.06%
Silver 34.09
-1.00%
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Upcoming Earnings Calls
Monday - QFIN, SAIC, TBBB, FINV, BLTE
Tuesday - BEKE, XPEV, TME, ESLT, ZTO
Wednesday - GIS, PUK, WSM, GDS, OLLI
Thursday- ACN, PDD, NKE, MU, FDX
Friday - CCL, CUK, NIO, MNSO, SHCO
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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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