• Over the past 50 years, the S&P 500 has gained an average of 1.1% in July, rising 54% of the time. It’s the fifth-best month overall and the only one from May to October with 1%+ average gains. *1

• Since 1935, when social security was signed into law, life expectancy has increased by 17 years, but the age of full Social Security benefits only increased by two years (to age 67), leading the program to add more financial strain on the country. 1

• President Trump has now said BRICS countries (Brazil, Russia, India, China, South Africa) will face an extra 10% tariff. BRICS has grown from a concept into a powerful group representing 40% of the global economy and half the population. 2 

• Recent studies show S&P 500 dividend-paying stocks returned 9.2% annually over the past 50 years—more than double the 4.3% return of non-dividend payers, with lower volatility. *3 

1. MFS- "Beyond the News"
2. Bloomberg - "What Is BRICS, the G-7 Alternative Being Pushed by China?"
3. WSJ - "Why Investors Are Right to Love Dividends"

*Past performance is not indicative of future performance

Economic Calendar

Monday:

None scheduled

Tuesday:

NFIB optimism index (Jun), Consumer credit (May)

Wednesday:

Wholesale inventories, Minutes of Fed's May FOMC meeting

Thursday:

Initial jobless claims (Jul), St. Louis Fed President Alberto Musalem speech, San Francisco Fed President Mary Daly speech

Friday:

Monthly U.S. federal budget

Upcoming Earnings Calls

Monday - GL, LU, SVA, CODI, MSBI

Tuesday - KRUS, AEHR, SAR, PENG, KRUS

Wednesday - AZZ, PCYO, TMQ, BSET, THTX

Thursday- DAL, CAG, LEVI, PSMT, SMPL

Friday - VIST, HIFS, UNTY, GLDG, FNGR

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