- Apple is worth more than the combined value of all the companies in the small-cap Russell 2000 index. Additionally, at a valuation of $2.9 trillion, Apple surpasses the combined value of the top 100 companies listed in the UK.
- One-third of parents plan to pass down their homes to their children after they pass away. However, due to the increasing costs associated with maintaining and insuring a home, nearly 70% of those expecting to inherit a home plan to sell it.
- There have been 13 other instances since World War 2 where the S&P 500 declined 20% or more from its 52-week high and stayed without a new low for 8 months. Among those 13 instances, the index gained a median of 14.6% in the following year.*
- According to a recent survey, to be considered wealthy in the United States, individuals need to possess at least $2.2 million in assets. Among the different generations, millennials are most likely to feel wealthy, with 57% reporting this sentiment (vs. only 40% of baby boomers).
*past performance is not indicative of future performance
Financial Times - "Market Capitalization Graphic"
MFS - "Beyond the News"
Forbes - "You Need More Than $2.2 Million To Be Considered Rich in the U.S.- But Some Say 'Well-Being' is the Most Important Measure of Wealth Study Finds"
Economic Calendar
Monday:
Juneteenth Day holiday, all markets closed, Home builder confidence index (Jun)
Tuesday:
Housing starts (May), New York Fed President John Williams speaks
Wednesday:
Fed Chair Powell testifies to House panel, Senate nomination hearing for Fed Govs. Jefferson and Cook and nominee Kugler, Chicago Fed President Austan Goolsbee speaks
Thursday:
Initial jobless claims (Jun), U.S. current account (Q1), Existing home sales (May), Fed Chair Powell testifies to Senate panel, U.S. leading economic indicators (May), Cleveland Fed President Loretta Mester speaks, Richmond Fed President Tom Barkin speaks
Friday:
St. Louis Fed President James Bullard speaks, S&P flash U.S. services PMI (Jun), S&P flash U.S. manufacturing PMI (Jun), Cleveland Fed President Loretta Mester speaks
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