• Since WWII, the S&P 500's average change for the six months leading up to the presidential election has been +4.21%, with gains 84% of the time. 1*
• Average annual wages have risen substantially more in the US since 1990 than in other developed nations. In 2024, average US wages hit a peak of $77,074 compared to $50,871 in the UK, $46,216 in Germany, and $27,955 in Japan. 2
• Together, YouTube and Netflix hold 47.1% of the streaming market, with shares of 25.3% and 21.8%, respectively. Amazon and Hulu are the subsequent significant players, each with a market share below 8%. 3
• Last week, Nvidia’s market valuation reached $2.59 trillion, surpassing the combined worth of Amazon and Tesla. Nvidia is now the third most valuable company, following Microsoft at $3.06 trillion and Apple at $2.85 trillion. 4

1. MFS - "Beyond the News"
2. Advisorpedia – “A Significant Wage Disparity Emerges Between the US and Global Competitors"
3. The Compound Media – “YouTube Has Highest Share Within Streaming"
4. Barrons - "The Stock Market Looks Overcooked as Rate-Cut Hopes Fade. Where to Go Instead."

*Past performance is not indicative of future performance

Economic Calendar

Monday:

Memorial Day holiday

Tuesday:

Cleveland Fed President Loretta Mester and Fed Gov. Michelle Bowman speak in Japan, S&P Case-Shiller home price index (20 cities) (Mar), Minneapolis Fed President Neel Kashkari speaks, Consumer confidence (May), Fed Gov. Lisa Cook and San Francisco Fed President Mary Daly speak

Wednesday:

New York Fed President John Williams speaks, Fed Beige Book, Atlanta Fed President Raphael Bostic speaks

Thursday:

Initial jobless claims (May), GDP (first revision) (Q1), Advanced U.S. trade balance in goods (Apr), Advanced retail inventories (Apr), Advanced wholesale inventories (Apr), Pending home sales (Apr), New York Fed President John Williams speaks, Dallas Fed President Lorie Logan speaks

Friday:

Personal income (Apr), Personal spending (Apr), PCE index (Apr), PCE (year-over-year), Core PCE index (Apr), Core PCE (year-over-year), Chicago Business Barometer (PMI) (May)

Upcoming Earnings Calls

Monday - Memorial Day holiday

Tuesday - BNS, WDS, HEI, FUTU, CAVA

Wednesday - CRM, BMO, A, HPQ, PSTG

Thursday- COST, RY, DELL, MRVL, ADSK

Friday - CCEP, DOOO, HIBB, MLAB, GCO

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