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Market Moment
Glen Eagle®: America’s Women-Owned Trading Desk®
3/9/2026
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Oil prices have risen amid the conflict in Iran. While that adds inflation pressure, the U.S. has been a net energy exporter since 2001. Europe, by contrast, imports more than half of its energy, and Japan imports nearly all of its fuel needs. 1
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Despite wars and geopolitical shocks, markets have historically recovered. The Dow rose 43% during WWI and 50% during WWII, while the S&P 500 posted double-digit gains in the 12 months following the Korean War, Cuban Missile Crisis, Gulf War, and Iraq invasion. *2
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New U.S. business formations have surged since COVID, rising from an average of 230k per month (2004–2019) to 435k per month since 2020, with 532k new businesses registered in January, the third-highest level ever. 3
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China’s manufacturing sector produces about one third of all global goods, more than the U.S., Germany, Japan, and South Korea combined, yet profit margins are only about 4.5%, less than half U.S. levels. 4
- Barron’s – “What the Iran War Really Means for the Stock Market”
- A Wealth of Common Sense – “Geopolitics vs. Markets”
- Bloomberg – “China’s AI Nightmare Is an Out-of-Control Welfare State”
- MFS – “Beyond the News”
*Past performance is not indicative of future performance
Economic Calendar
Monday:
None scheduled
Tuesday:
NFIB Small Business Optimism Index (Feb), Existing Home Sales (Feb)
Wednesday:
Consumer Price Index (Feb), CPI year over year, Core CPI (Feb), Core CPI year over year, Monthly U.S. Federal Budget (Feb)
Thursday:
Initial Jobless Claims (week of Mar 7), U.S. Trade Deficit (Jan), Housing Starts (Feb), Building Permits (Feb)
Friday:
GDP first revision (Q4), Personal Income (Jan), Personal Spending (Jan), PCE Price Index (Jan), PCE year over year, Core PCE Price Index (Jan), Core PCE year over year, Durable Goods Orders (Jan), Durable Goods Orders ex transportation (Jan), Job Openings JOLTS (Jan), Consumer Sentiment preliminary (Mar)
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US Markets*
S&P 6,688.95 -0.76%
DOW 46,952.51 -1.16%
NASDAQ 22,299.93
-0.39%
World Markets*
FTSE 10,191.89
-0.90%
NIKKEI 52,728.72 -5.20%
HANG SENG 25,408.46 -1.35%
*values as of 10:50 EST 3/9/2026
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Treasuries*
2 YR 3.579%
10YR 4.156%
30 YR 4.764%
Cryptocurrencies*
BTC-USD
69,273.77
+2.94%
ETH.CM
2,027.78
+4.27%
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Currencies*
Euro $1.1578
Pound $0.7475
Yen $158.4000
Commodities*
Gold 5,113.90
-0.87%
WTI Crude 99.88
+9.88%
Silver 84.46
+0.17%
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Upcoming Earnings Calls
Monday - HPE, CASY, KT, MTN, BETA
Tuesday - ORCL, FNV, BNTX, KEP, AVAV
Wednesday - KB, SBXD, NGD, CPB, PATH
Thursday - ADBE, WPM, DG, ULTA, LEN
Friday - AXIA, TEO, VEON, XXI, RLX
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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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