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Market Moment

Glen Eagle®: America’s Women-Owned Trading Desk®  

11/11/2024

  • From 1789 to 1989, the U.S. debt reached $2.9 trillion. Since then, it has grown by $33 trillion, over 10 times more in just 35 years. By 2030, mandatory spending and interest payments are expected to surpass tax revenue, leading to a permanent deficit. 1
  • Since 1928, when the S&P 500 has had a gain of 20%+ by November, it has averaged an additional 5.4% gain in the last two months, with positive returns 13 out of 16 times. In other years, the average gain is 1.7%. *2
  • The number of publicly traded stocks in the entire U.S. stock market peaked at 7,378 stocks in 1998. Now, it has 3,370 stocks due to acquisitions, bankruptcies, and fewer IPOs. 3
  • U.S. homebuyers are now the oldest on record, with the median age of first-time buyers reaching 38. That's up from 35 last year and marks a new high in data going back to 1981. 4


  1. WSJ - "How to Grow Out of America’s Debt Woes"
  2. MFS - "Beyond the News"
  3. Barrons - "Small-Cap Stocks Are Vanishing. 5 Funds to Play the New Landscape."
  4. Axios - "America's homebuyers are older than ever"

*Past performance is not indicative of future performance


Economic Calendar

 

Monday:

Veteran's Day holiday, bond market closed


Tuesday:

NFIB optimism index (Oct), Fed Gov. Christopher Waller speaks, Richmond Fed President Tom Barkin speaks, Philadelphia President Patrick Harker speaks


Wednesday:

Consumer price index (Oct), CPI year over year, Core CPI (Oct), Core CPI year over year, New York Fed President John Williams delivers welcoming remarks, Dallas Fed President Lorie Logan speaks, St. Louis Fed President Alberto Musalem speaks, Kansas City President Jeff Schmid speaks, Monthly U.S. federal budget (Oct)


Thursday:

Federal Reserve Gov. Adriana Kugler speaks, Initial jobless claims (Nov), Producer price index (Oct), PPI year over year, Core PPI (Oct), Core PPI year over year, Federal Reserve Chair Jerome Powell speaks, New York Fed President John Williams speaks


Friday:

Import price index (Oct), Import price index minus fuel (Oct), Empire State manufacturing survey (Nov), U.S. retail sales (Oct), Retail sales minus autos (Oct), Industrial production (Oct), Capacity utilization (Oct), Business inventories (Sep), New York Fed President John Williams opening remarks

US Markets*

S&P 6,040.75 +0.25%

DOW 44,305.00 +0.37%

NASDAQ 21,285.00

+0.25%


World Markets*

FTSE 8,145.59

+0.87%

NIKKEI 39,533.32

+0.08%

HANG SENG 20,426.93 -1.45%


*values as of 10am EST 11/11/2024

Treasuries*

2 YR 4.252%

10YR 4.306%

30 YR 4.473%


 

Cryptocurrencies*

BTC-USD

82,819.84

+4.10%

ETH.CM

3,185.82

+1.22%





Currencies*

Euro $1.0644

Pound $1.2866

Yen $153.8540

 


Commodities*

Gold 2,637.90

-2.11%

WTI Crude 68.61

-2.51%

Silver 30.71

-2.34%


Upcoming Earnings Calls

 

Monday - LYV, GRAB, MNDY, ARMK, ZETS

Tuesday - HD, SMFG, AZN, MUFG, SHOP

Wednesday - CSCO, NU, EC, TTEK, CYBR

Thursday- DIS, AMAT, BN, JD, MFG

Friday - BABA, NBIS, HAFN, RLX, SPB

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


Glen Eagle Wealth | www.gleneagleadv.com