Nearly one-third of small businesses expect to increase headcount over the next 12 months, and more than half anticipate wage increases of at least 5%. 1
Last week, the S&P 500 reached a new all-time high just 11 trading days after a 5%–10% pullback. According to Bespoke Investment Group, that is the first time in the past 100 years the index has returned to a record high that quickly after a decline in that range. *2
The estimated cost to raise a child is now $303,418 over 18 years, up 1.9% from last year, driven largely by higher rent and clothing costs, with rent rising roughly 50% and clothing up more than 25%. 3
Intel shares have surged over 220% during the past year as investors price in a turnaround tied to AI and manufacturing improvements, but the stock still trails the S&P 500 by roughly 11 percentage points annually over the past five years. *4
MFS – “Beyond the News"
A Wealth of Common Sense – “Everything Is Faster Now”
Yahoo Finance – “What's Behind the Higher Costs?”
Barron's – “Why Intel Stock Is a Buy Even After a 220% Rally”
*Past performance is not indicative of future performance
Economic Calendar
Monday:
None scheduled
Tuesday:
Retail Sales (March), Retail Sales ex Autos (March), Business Inventories (February), Pending Home Sales (March)
Wednesday:
None scheduled
Thursday:
Initial Jobless Claims (week of April 18), S&P Flash U.S. Services PMI (April), S&P Flash U.S. Manufacturing PMI (April)
Friday:
Consumer Sentiment (April)
US Markets*
S&P 7,103.59 -0.32%
DOW 49,397.40 -0.10%
NASDAQ 24,333.73
-0.55%
World Markets*
FTSE 10,609.08
-0.55%
NIKKEI 58,824.89 +0.60%
HANG SENG 26,361.07 +0.77%
*values as of 12:30pm EST 4/20/2026
Treasuries*
2 YR3.725%
10YR 4.260%
30 YR 4.889%
Cryptocurrencies*
BTC-USD
75,369.93
-0.06%
ETH.CM
2,302.60
-0.44%
Currencies*
Euro $1.1784
Pound $0.7386
Yen $158.6750
Commodities*
Gold 4,836.30
-0.89%
WTI Crude 86.48
+4.71%
Silver 79.92
-2.35%
Upcoming Earnings Calls
Monday - STLD, AGNC, WTFC, ZION, BOKF
Tuesday - GE, UNH, RTX, ISRG, DHR
Wednesday - TSLA, LRCX, GEV, PM, IBM
Thursday - INTC, AXP, SAP, TMO, NEE
Friday - PG, SCCO, SLB, HCA, NSC
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
