• From Election Day 2020 to Election Day 2024, the S&P 500 rose 69.6%, marking the fourth consecutive time since 2008 that the index gained at least 40% between U.S. Presidential elections. *1
• Bitcoin is now worth more than all U.S.-listed companies except the top six. Dogecoin, originally a joke, would also rank in the top 200 largest companies by market value. Crypto enthusiasts continue to hope decreasing regulations will boost crypto prices. 2
• U.S. stocks have far outperformed global markets. The S&P 500 returned 13% annually over the last decade, compared to under 5% for the MSCI EAFE index. This trend continued in 2024, with U.S. stocks accounting for 75% of global market returns in the year's first half. *3 & 4
• The IRS raised the 401(k) contribution limit for individuals from $23,000 in 2024 to $23,500 in 2025. The catch-up contribution for those 50+ stays at $7,500, and the IRA contribution limit remains at $7,000. 1

1. MFS - "Beyond the News"
2. WSJ - "Is Trump Really So Great for Bitcoin?"
3. Barrons - "The U.S. Really Is #1 When It Comes to Stocks. Why It Will Stay That Way."
4. Advisorpedia - "How U.S. Economic Shifts Ripple Across Global Markets"

*Past performance is not indicative of future performance

Economic Calendar

Monday:

Home builder confidence index (Nov), Chicago Fed President Austan Goolsbee welcoming remarks

Tuesday:

Housing starts (Oct), Building permits (Oct), Chicago Fed President Austan Goolsbee speaks

Wednesday:

Fed Gov. Lisa Cooks speaks, Fed Gov. Michelle Bowman speaks, Boston Fed President Susan Collins speaks

Thursday:

Initial jobless claims (Nov), Philadelphia Fed manufacturing survey, Cleveland Fed President Beth Hammack welcoming remarks, Existing home sales (Oct), Leading economic index (Oct), Kansas City Fed President Jeff Schmid speaks, Fed Vice Chair for Supervision Michael Barr speaks

Friday:

S&P flash U.S. services PMI (Nov), S&P flash U.S. manufacturing PMI (Nov), Consumer sentiment (final) (Nov), Fed Gov. Michelle Bowman speaks

Upcoming Earnings Calls

Monday - TCOM, SYM, ACM, BRBR, BRC

Tuesday - WMT, LOW, MDT, KEYS, VIK

Wednesday - NVDA, TJX, PANW, TGT, SNOW

Thursday- INTU, PDD, DE, CPRT, ROST

Friday - NBIS, BKE, GB, SHCO, ZKH

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