December 16, 2024 Market Moment

Market Moment

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

12/16/2024

Entering December, the S&P 500 was up over 20% in this presidential election year. Historically, this happened in four other election years (1928, 1936, 1980, 1996), and in three of those (1936, 1980, 1996), the index fell in December, averaging a 2% decline. *1
By 2030, 20% of the U.S. population will be 65+ (up from just 12% in 1985). This is impactful because healthcare spending for this group is 3x higher than for those under 65. This is one reason why the U.S. spends around 18% of GDP on healthcare alone. 2
Rental costs rose 4.4% in the 12 months through November, nearly double the inflation rate, and have climbed 26% since January 2020. This is one reason why, in 2022, homeowners had nearly 40 times the net worth of renters. 3
Since 2009, non-U.S. stock (MSCI index) has outperformed the S&P 500 only twice. This year, while the S&P 500 surged 26%, the MSCI index rose just 3%. If that trend holds, it would mark the largest performance gap in nearly 30 years. 4

MFS- "Beyond the News"
A Wealth of Common Sense - "Animal Spirits: The Bears Capitulate"
Barrons - "Home Prices Aren’t the Only Thing Stopping Millennials From Buying Real Estate. What’s Really Worrying Them.'"
WSJ- "A Quarter of Your Retirement Fund Just Isn’t Keeping Up"

*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.

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This desk commentary is for informational purposes only

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