Market Moment
Glen Eagle®: America’s Women-Owned Trading Desk®
7/11/2022
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- The typical monthly mortgage payment for a 30-year fixed mortgage with a 20% down payment rose to $1,842 in May…up from $1,220 a year ago.
- During periods of market declines, dividend stocks tend to be more stable and decline less than stocks that don’t pay dividends. During the 12 U.S. recessions since World War II, the median decline in dividends paid by companies was just 1%. In five of those recessions—1949, 1974, 1980, 1981, and 1990—there was no decline.
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The average price of regular gasoline dipped to $4.68 a gallon on Sunday, down about 12 cents from a week ago and down 6% since a high of $5.02 in June.
- Large US companies have continued to diversify their boards in response to social and investor pressure. A McKinsey study found that companies with the most ethnically diverse leadership teams were 36% more likely to experience higher profits than the least gender-diverse companies.
WSJ- "Housing-Affordability Index Drops to Lowest Level Since 2006"
Barrons- "Dividend Stocks Can Help During Recession. Here's What to Look For."
WSJ- "Gas Station Owners, Blamed When Prices Rose, Face Risks as Prices Fall"
Barrons- "Even the Best Leaders Need Diverse Oversight"
Economic Calendar
Monday: 3-year inflation expectations (Jun)
Tuesday: NFIB small-business index (Jun)
Wednesday:
Consumer price index (monthly) (Jun), Core CPI (monthly) (Jun), Federal budget (comparison vs. year-ago) (Jun)
Thursday:
Producer price index final demand (monthly) (Jun), Initial jobless claims (Jul), Continuing jobless claims (Jul)
Friday: Retail sales (Jun), Import price index (Jun), Empire state manufacturing index (Jul), Industrial production index (Jun), Capacity utilization (Jun), UMich consumer sentiment index (preliminary) (Jul), UMich 5-year inflation expectations (preliminary) (Jul), Business inventories (May)
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US Futures*
S&P 3,873.25 -0.72%
DOW 31,117 -0.62%
NASDAQ 12,055.25 -0.80%
World Markets*
FTSE 7,166.96
-0.41%
NIKKEI 26,812.30 +1.11%
HANG SENG 21,124.20
-2.77%
*values as of 8:00 AM EST 07/11/2022
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Treasuries*
2 YR 3.057%
10YR 3.034%
30 YR 3.209%
Cryptocurrencies*
BTC-USD
20,558.72 -3.46%
ETH.CM
1,147.44 -1.63%
^CMC200
442.97 -7.26%
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Currencies*
Euro $1.0075
Pound $1.1920
Yen $137.5500
Commodities*
Gold 1,733.30
-0.52%
WTI Crude 101.23 -3.40%
Silver 19.16
-0.42%
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Upcoming Earnings Calls
Monday - CVUA, TY, YRD, KEGX, KLDO
Tuesday - ETWO, PSMT, GBX, AZZ, CCF
Wednesday - DAL, FAST, TV, AMX, PEP
Thursday- JPM, CAG, ERIC, MS, TSM
Friday - USB, WFC, C, BLK, BK
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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 EagleWealth, LLC
4422C Route 27
PO Box 399
Kingston, NJ 08528
(609) 631-8231
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