August 12, 2024 Market Moment

Market Moment

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

8/12/2024

Despite the media’s focus on stock market drops, they are very common. Between 1928 and 2023, 94% of all years saw an S&P 500 drawdown of 5% or more; 64% saw a 10% drawdown; 40% saw a 15% drawdown; and 26% saw a 20% drawdown. *1
Since 1980, after a 5% drop, the S&P 500 typically returned 6% over the next three months. However, market recoveries can vary widely. For example, after the tech bubble burst, the S&P 500 took seven years to regain the heights of 2000. *2
17% of Americans between the ages of 25 and 35 currently live with their parents. That's up from a low of 7% in the 1970s and at the highest level since the 1940s. Of those adults living at home, 78% can't afford the median rent level of the county they reside in. 3
The six stocks with $1 trillion-plus market caps (AAPL, AMZN, GOOGL, META, MSFT, NVDA) rose an average of 46.3% in early 2024. However, July was a tougher month, with these six stocks dropping 3.5%, while the S&P 500 gained over 1%. 3

*Past performance is not indicative of future performance

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This desk commentary is for informational purposes only

Carol Ann Fernandez, Rob Michel, Grier Vacek

(609) 631-8231

www.gleneagleadv.com

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

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