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April 8, 2024 Market Moment Thumbnail

April 8, 2024 Market Moment

Market Moment

Glen Eagle®: America’s Women-Owned Trading Desk®  


  • Despite higher interest rates and a fed funds target rate above 5% only 22% of people with savings are earning above 4%. A shocking 34% of savers are still earning less than 1% on their money. 1
  • March was the 5th straight month that the S&P 500 rose by 1% or more. This is only the 13th time since WWII that the market has had this many consecutive monthly increases. On every prior occurrence, the market was higher a year later with a median gain of 9.7%. *2
  • Tesla’s market value peaked above $1.2 trillion last November, up more than 2,000% in a mere two years. However, this year the company is down 34% and is the worst performer in the S&P 500. 3
  • In a recent survey of large and small business CFOs, 51.1% reported that their companies recently implemented automated tasks previously done by employees. 37% of those firms reported laying off employees or slowing their hiring of new employees. 4


  1. Bankrate
  2. Bespoke – “Beyond the News – BTN 4-2-24”
  3. WSJ – “The Inside Tale of Tesla’s Fall to Earth”
  4. Duke University, Richmond Fed

*Past performance is not indicative of future performance

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 of FINRA and SIPC 

This desk commentary is for informational purposes only 

Carol Ann Fernandez, Rob Michel, Grier Vacek 

(609) 631-8231 


Glen Eagle Wealth, LLC | 4422C Route 27, PO Box 399, Kingston, NJ 08528-0399 

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