Market Moment
Glen Eagle®: America’s Women-Owned Trading Desk®
7/25/2022
|
|
- 40% of S&P 500 revenues come from overseas, and the dollar’s recent strength threatens to combine with high inflation, supply chain issues, and other factors to weigh on earnings. The Dollar Index, which measures the dollar against 16 currencies, rose 8.7% through June for its best first half since 2010.
- Since 1957 dividends have grown by an average of 5.7% per year, more than 2% above the rate of inflation.
- Gasoline prices have fallen around 10% from their mid-June high point of $5.02 a gallon, Wheat prices have fallen by 37% since mid-May, and the cost of shipping goods from Asia to the U.S. is 11.4% lower than a month ago.
- Upper-middle-class families (those earning $75,301-$127,300), despite their relatively large salaries, currently have less in excess savings than all but the poorest U.S. households and have increased their liabilities by 2%, as they took on greater debt for auto loans, credit cards and other consumer credit.
WSJ- "What A Strong Dollar Means for the Rest of the World"
The Irrelevant Investor- "Animal Spirits Extreme Cost Cutting"
WSJ- "The Upper Middle Class Is Getting Squeezed"
WSJ- "There are Signs Inflation May Have Peaked, but Can It Come Down Fast Enough?"
Economic Calendar
Monday: Chicago Fed national activity index (Jun)
Tuesday: S&P Case-Shiller national home price index (year-over-year) (May), Consumer confidence index (Jul), New home sales (SAAR) (Jun)
Wednesday:
Durable goods orders (Jun), Core capital equipment orders (Jun), Advance report on trade in goods (Jun), Pending home sales index (Jun)
Thursday:
Gross domestic product, first release (SAAR) (Q2), Final sales to domestic purchasers (SAAR) (Q2), Initial jobless claims (Jul), Continuing jobless claims (Jul)
Friday: PCE inflation index (Jun), Core PCE price index (Jun), Real disposable income (Jun), Real consumer spending (Jun), Nominal personal income (Jun), Nominal consumer spending (Jun), Employment cost index (Q2)
|
|
US Futures*
S&P 3,977 +0.30%
DOW 31,993 +0.37%
NASDAQ 12,446 +0.18%
World Markets*
FTSE 7,289.74
+0.18%
NIKKEI 27,699.25 -0.77%
HANG SENG 20,562.94
-0.22%
*values as of 9:00 AM EST 07/25/2022
|
|
Treasuries*
2 YR 3.018%
10YR 2.834%
30 YR 3.066%
Cryptocurrencies*
BTC-USD
21,975.28 -2.41%
ETH.CM
1,534.75 -4.42%
^CMC200
501.24 -3.47%
|
|
Currencies*
Euro $1.0246
Pound $1.2080
Yen $136.5300
Commodities*
Gold 1,722.70
-0.27%
WTI Crude 96.30 +1.69%
Silver 18.49
-0.68%
|
|
|
Upcoming Earnings Calls
Monday - ADX, AIN, PKG, ARE, AIN
Tuesday - MMM, AGR, AXS, AMP, CNC
Wednesday - HP, PAG, NLY, AEM, ADP
Thursday- AAPL, SWK, RS, INT, DTE
Friday - PSX, B, PG, CHD, LYB
|
|
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
|
|
|
|
|
|
|
