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Market Moment
Glen Eagle®: America’s Women-Owned Trading Desk®
5/6/2024
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In a recent poll, 52% of money managers expressed optimism about the stock market, a rise from 38% last fall. These bullish managers had a median forecast that implied a 9% increase in the S&P 500’s value from its current level. *1
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The Top 5% of healthcare spenders account for 51% of total healthcare spending, while the bottom 50% account for just 3%. Their average annual healthcare costs are $385. People with health spending in the top 1% have annual average costs of $166,980. 2
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American women aged 65 today have a 52% probability of living to 85 and a 30% probability of living to 90. For men, the probabilities are lower, at 39% and 19%, respectively. For couples aged 65, there is only a 20% chance that both members will live to 85. 3
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Since 2006, the US has maintained its share of the world’s economic output (GDP) at 25%. The EU/UK’s share, however, has fallen from around 30% to just over 20%, while China’s share has risen from around 5% to over 16%. 4
- Barrons – “The Stock Market Will Rise Nearly 10% More This Year, Money Managers Predict in Barron’s Latest Poll"
- Apollo Global Management – “Distribution of Healthcare Costs"
- JP Morgan – “Life Expectancy Gap"
- The Irrelevant Investor – “Animal Spirits: Negative Arbitrage"
*Past performance is not indicative of future performance
Economic Calendar
Monday:
Richmond Fed President Tom Barkin speaks, New York Fed President Williams speaks
Tuesday:
Minneapolis Fed President Kashkari speaks, Consumer credit (Mar)
Wednesday:
Wholesale inventories (Mar), Fed Vice Chair Philip Jefferson speaks, Boston Fed President Susan Collins speaks, Fed Gov. Cook speaks
Thursday:
Initial jobless claims (May), San Francisco Fed President Mary Daly speaks
Friday:
Fed Governor Michelle Bowman speaks, Consumer sentiment (prelim) (May), Chicago Fed President Austan Goolsbee speaks, Fed Vice Chair for Supervision Michael Barr speaks, Monthly U.S. federal budget (Apr)
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US Futures*
S&P 5,174.75 +0.38%
DOW 38,977.00 +0.37%
NASDAQ 18,063.00
+0.34%
World Markets*
FTSE 8,213.49
+4.46%
NIKKEI 38,236.07
-0.10%
HANG SENG 18,578.30 +0.55%
*values as of 9:30am EST 5/6/2024
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Treasuries*
2 YR 4.812%
10YR 4.502%
30 YR 4.663%
Cryptocurrencies*
BTC-USD
63,539.72
-0.50%
ETH.CM
3,105.36
-1.21%
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Currencies*
Euro $1.0785
Pound $1.2584
Yen $153.7040
Commodities*
Gold 2,332.70
+1.04%
WTI Crude 78.81
+0.90%
Silver 27.57
+3.29%
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Upcoming Earnings Calls
Monday - VRTX, ITUB, PLTR, MCHP, O
Tuesday - DIS, BP, UBS, ANET, RACE
Wednesday - TM, UBER, BUD, ABNB, ARM
Thursday- PBR, BN, HMC, CEG, TAK
Friday - ENB, CRH, CPG, AQN, DOCN
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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
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