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Market Moment
Glen Eagle®: America’s Women-Owned Trading Desk®
12/9/2024
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Only 21% of Baby Boomers with at least $1 million in investable assets want to share their wealth with the next generation while they're still alive. In contrast, 53% of Millennials and 44% of Gen Xers with similar assets are willing to do so. 1
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Home prices continue to push would-be home buyers out of the market. Only 24% of homes are being purchased by first-time homebuyers, the lowest level ever recorded. 2
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Since the November 5th election, the S&P SmallCap 600 Index has increased by nearly 8%, compared to a roughly 5% gain for the S&P 500. Despite this recent rise, the S&P 600 still lags behind the S&P 500 by more than ten percentage points for 2024 and nearly 40 points since the end of 2019. *3
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According to a new survey conducted by CreditCards.com, 34% of Americans said they are stockpiling daily necessities, including toilet paper, non-perishable food, and medical supplies, out of fear of increasing prices from proposed tariffs on imported goods. 4
- Apollo- "Too Good to be True?"
- Apollo - "Housing Becoming Unaffordable for First-Time Homebuyers"
- WSJ - "For Small Cap Stocks, Look Past the 'Trump Trade'"
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Bloomberg- "Fear Over Trump Tariffs Sending Americans Into Debt, Study Shows"
*Past performance is not indicative of future performance
Economic Calendar
Monday:
Wholesale inventories (Oct)
Tuesday:
NFIB optimism index (Nov), U.S. productivity (revision) (Q3)
Wednesday:
Consumer price index (Nov), CPI year over year, Core CPI (Nov), Core CPI year over year, Monthly U.S. federal budget
Thursday:
Initial jobless claims (Dec), Producer price index (Nov), Core PPI (Nov), PPI year over year, Core PPI year over year
Friday:
Import price index (Nov), Import price index minus fuel (Nov)
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US Markets*
S&P 6,087.07 -0.05%
DOW 44,687.01 +0.10%
NASDAQ 19,855.45
-0.02%
World Markets*
FTSE 8,357.89
+0.59%
NIKKEI 39,160.50
+0.18%
HANG SENG 20,419.09 +2.76%
*values as of 10am EST 12/9/2024
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Treasuries*
2 YR 4.122%
10YR 4.184%
30 YR 4.371%
Cryptocurrencies*
BTC-USD
99,270.70
-0.94%
ETH.CM
3,888.98
-2.62%
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Currencies*
Euro $1.0579
Pound $0.7825
Yen $150.9430
Commodities*
Gold 2,687.40
+1.05%
WTI Crude 68.25
+1.56%
Silver 32.76
+3.71%
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Upcoming Earnings Calls
Monday - ORCL, BHP, MDB, CASY, TOL
Tuesday - AZO, FERG, GME OLLI, CIG
Wednesday - ADBE, NDSN, BZ, PLAB, REVG
Thursday- AVGO, COST, LEN, CIEN, RH
Friday - NBIS, SHCO, AMBI, VIRC, EVTL
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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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