Optimism Grows -- Investor Insights from Glen Eagle

Optimism Grows

May 6, 2024

Enjoy this week's "Investor Insights," a weekly newsletter that highlights the financial news you need and provides tips and tricks for making better investment decisions.

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

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

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

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

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Sources:

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

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Disclosure: This information is furnished for the use of Glen Eagle Advisors, LLC, Glen Eagle Wealth, LLC, and their clients and/or contacts. It does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific objectives, financial situation, or particular needs of any specific person. Investors reading this commentary should consult with their Glen Eagle representative/financial advisor regarding the appropriateness of investing in any securities or adapting any investment strategies discussed or recommended in this newsletter.

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