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Market Moment
Glen Eagle®: America’s Women-Owned Trading Desk®
3/24/2025
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From Feb 19th through Mar 12th, the S&P 500 fell 8.6%, ranking below the 2nd percentile of all 15-day moves since 1953. Historically, such declines led to a median 12-month gain of 20.6%, with positive returns 83% of the time. *1
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In February, 39.7% of Americans planned to vacation in the next six months, down from 49% a year ago and the lowest since October 2010 (excluding 2020 during COVID). 1
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Since China joined the World Trade Organization in 2001, America's global manufacturing share has fallen from 25% to 15%. However, China is not the only reason for the decline. A US manufacturing worker makes $30/hr compared to $3/hr in Mexico. 2
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The February NY Fed Survey found that 14.6% of consumers expect to miss a debt payment in the next three months, the highest since April 2020. 1
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MFS - "Beyond the News"
- Barrons- "GE Vernova and 4 More Stocks for an American Manufacturing Renaissance"
*Past performance is not indicative of future performance
Economic Calendar
Monday:
S&P flash U.S. services PMI (Mar), S&P flash U.S. manufacturing PMI (Mar), Atlanta Fed President Raphael Bostic speaks, Fed Governor Michael Barr speaks
Tuesday:
Fed Governor Adriana Kugler speaks, S&P Case-Shiller home price index (20 cities) (Jan), Consumer confidence (Mar), New home sales (Feb)
Wednesday:
Durable-goods orders (Feb), Durable-goods minus transportation (Feb), St. Louis Fed President Alberto Musalem speaks
Thursday:
Initial jobless claims (Mar), GDP (second revision) (Q4), Advanced U.S. trade balance in goods (Feb), Advanced retail inventories (Feb), Advanced wholesale inventories (Feb), Pending home sales (Feb), Richmond Fed President Tom Barkin speaks
Friday:
Personal income (Feb), Personal spending (Feb), PCE index (Feb), PCE (year-over-year), Core PCE index (Feb), Core PCE (year-over-year), Consumer sentiment (final) (Mar), Fed Governor Michael Barr speaks
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US Markets*
S&P 5,761.09 +1.65%
DOW 42,535.36 +1.31%
NASDAQ 18,161.66
+2.12%
World Markets*
FTSE 8,653.13
+0.07%
NIKKEI 37,608.49
-0.18%
HANG SENG 23,905.56 +0.91%
*values as of 11:20am EST 3/24/2025
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Treasuries*
2 YR 4.030%
10YR 4.329%
30 YR 4.652%
Cryptocurrencies*
BTC-USD
87,924.29
+3.40%
ETH.CM
2,081.25
+3.73%
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Currencies*
Euro $1.0802
Pound $0.7738
Yen $150.5900
Commodities*
Gold 3,011.50
-0.34%
WTI Crude 69.01
+1.07%
Silver 33.45
-0.11%
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Upcoming Earnings Calls
Monday - SBS, KBH, OKLO, EPAC, LUNR
Tuesday - MKC, GME, CNM, SFD, PONY
Wednesday - CTAS, PAYX, DLTR, CHWY, JEF
Thursday- LULU, SNX, WBA, BRZE, AIR
Friday - TLK, HUMA, SBC, PAL, ZSPC
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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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