US gas prices have dropped 13% in the last six months, but the current average of $3.15 per gallon is the highest before any presidential election since 2012. 1
With fertility rates at historic lows, raising two children and sending them to college now costs $832,000. Affordability is a major reason 36% of Americans under 50 don’t have children. College tuition has increased 748% since 1963. 2
The Social Security Administration announced a 2.5% cost-of-living increase in social security benefits for 2025, the smallest increase in four years. The average monthly retiree benefit is now $1,976, up $49 from 2024. 1
Gold prices hit $2,750 on Friday, up 33% this year, marking its best annual gain since 1979. This significantly outperformed the S&P 500’s 22% return. *3
MFS - "Beyond the News"
Visual Capitalist - "Visualizing the Cost of the American Dream in 2024"
Barrons - "Gold Mining Stocks Are a Bargain. Here’s How to Buy In."
*Past performance is not indicative of future performance
Consumer sentiment (prelim) (Nov), Fed Governor Michelle Bowman speaks about banking regulation, St. Louis Fed President Alberto Musalem welcoming remarks
US Markets*
S&P 5,729.23+0.01%
DOW 41,959.57-0.22%
NASDAQ 18,215.14
-0.14%
World Markets*
FTSE 8,214.52
+0.46%
NIKKEI 38,053.67
-2.63%
HANG SENG 20,567.52 +0.30%
*values as of 10am EST 11/4/2024
Treasuries*
2 YR4.141%
10YR 4.277%
30 YR 4.476%
Cryptocurrencies*
BTC-USD
68,253.22
+0.79%
ETH.CM
2,448.20
-0.47%
Currencies*
Euro $1.0901
Pound $1.2975
Yen $151.8290
Commodities*
Gold 2,752.50
+0.12%
WTI Crude 71.44
+2.80%
Silver 32.83
+0.47%
Upcoming Earnings Calls
Monday - VRTX, PLTR, CEG, ZTS, MAR
Tuesday - RACE, APO, TRI, EMR, MPC
Wednesday - NVO, TM, QCOM, ARM, GILD
Thursday- ANET, DUK, PBR, ABNB, MSI
Friday - IX, TU, BAX, NRG, RBA
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This desk commentary is for informational purposes only