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Market Moment
Glen Eagle®: America’s Women-Owned Trading Desk®
1/22/2024
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In 1980 the median age for a first-time homebuyer was 29. In 2023 it had increased to 35. Similarly, the median age for repeat homebuyers rose from 36 to 58 over the same time period. 1
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Over half of India's population is under 25, positioning it to become the world's 3rd largest economy within a decade. However, it will need to address its public debt load, which equals 85% of GDP – second only to Brazil among emerging economies. 2
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In 1960 US defense spending equaled $47 billion. In 2022 total defense spending reached $877 billion. Despite this rise, defense spending as a percentage of GDP has generally declined, dropping from around 9% in 1960 to less than 4% today. 3
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Sustainable (ESG) investment funds have struggled recently. With their performance lagging the market and Republican politicians questioning the sustainable strategy, investors withdrew $323 billion from the funds in 2023, a 12% decline from 2021. 4
- Apollo - "Homebuyers Are Getting Older"
- WSJ - "Why India Isn’t the New China"
- Bespoke - "Military Industrial Complex"
- Barrons - "ESG Funds Set a Dismal Record. Yet Performance Was a Drag."
*Past performance is not indicative of future performance
Economic Calendar
Monday:
U.S. leading economic indicators (Dec)
Tuesday:
None scheduled
Wednesday:
S&P flash U.S. services PMI (Jan), S&P flash U.S. manufacturing PMI (Jan)
Thursday:
Q4 GDP (prelim), Initial jobless claims (Jan), Durable-goods orders (Dec), Durable-goods minus transportation (Dec), Advanced U.S. trade balance in goods (Dec), Advanced retail inventories (Dec), Advanced wholesale inventories (Dec), New home sales (Dec)
Friday:
Personal income (Dec), Personal spending (Dec), PCE index (Dec), Core PCE index (Dec), PCE (year-over-year), Core PCE (year-over-year), Pending home sales (Dec)
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US Futures*
S&P 4,863.51 +0.49%
DOW 38,072.43 +0.55%
NASDAQ 15,413.81
+0.67%
World Markets*
FTSE 7,478.58
+0.24%
NIKKEI 36,546.95
+1.62%
HANG SENG 14,961.18 -2.27%
*values as of 10AM EST 1/22/2024
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Treasuries*
2 YR 4.383%
10YR 4.092%
30 YR 4.302%
Cryptocurrencies*
BTC-USD
40,572.96 -3.00%
ETH.CM
2,366.13 -4.18%
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Currencies*
Euro $1.0896
Pound $1.2722
Yen $147.8910
Commodities*
Gold 2,024.90
-0.21%
WTI Crude 74.28
+1.19%
Silver 22.28
-1.89%
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Upcoming Earnings Calls
Monday - BRO, LOGI, UAL, FTI, BOH
Tuesday - JNJ, PG, NFLX, VZ, TXN
Wednesday - TSLA, ASML, SAP, ABT, IBM
Thursday- V, INTC, TMUS, CMCSA, UNP
Friday - AXP, CL, NSC, PKX, ALV
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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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