• Among Americans over 60, wealth strongly impacts longevity: the top 10% have about $2.5M in net worth and live to around 85, while the bottom 20% live to just 76. 1

• Average new-vehicle prices hit $50,080 in September, up 3.6% year-over-year. Prices have jumped from around $40,000 five years ago, driven by chip shortages and new 25% tariffs on imported cars. 2

• In an Oct. 14 filing, Jeff Bezos disclosed owning 9% of Amazon (AMZN), dropping below 10% for the first time. He owned over 43% when Amazon went public in 1997. 3

• In 2024, just 1.1 million Americans bought their first home—about half the historical average and the lowest in over 20 years. Only 16% of Gen Z owns a home, but 37% have investment accounts, up from 6% in 2015. 3

1. A Wealth of Common Sense - "3 Charts that Caught My Eye"
2. Forbes - "Average U.S. New Car Price Surpasses $50,000—An All-Time High Amid Surging EV Sales"
3. MFS - "Beyond the News"

*Past performance is not indicative of future performance

Economic Calendar

Monday:

Durable-goods orders (Sep), Durable-goods minus transportation (Sep)

Tuesday:

S&P Case-Shiller home price index (20 cities) (Aug), Consumer confidence (Oct)



Wednesday:

Advanced U.S. trade balance in goods (Sep), Advanced retail inventories (Sep), Advanced wholesale inventories (Sep), Pending home sales (Sep), FOMC interest-rate decision, Fed Chair Powell press conference

Thursday:

Initial jobless claims (Oct), Fed Vice Chair for Supervision Michelle Bowman speaks

Friday:

Personal income (Sep), Consumer spending (Sep), PCE index (Sep), PCE (year-over-year), Core PCE index (Sep), Core PCE (year-over-year), Employment cost index (Q3), Chicago Business Barometer (PMI) (Oct), Dallas Fed President Lorie Logan welcoming remarks, Cleveland Fed President Hammack and Atlanta Fed President Bostic speak

Upcoming Earnings Calls

Monday - WELL, CDNS, WM, NXPI, HIG

Tuesday - V, UNH, NVS, NEE, BKNG

Wednesday - MSFT, GOOG, GOOGL, META, CAT

Thursday - AAPL, AMZN, LLY, MA, MRK

Friday - XOM, ABBV, CVX, LIN, AON

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