December 9, 2024 Market Moment
Market Moment
Glen Eagle®: America’s Women-Owned Trading Desk®
12/9/2024
- Only 21% of Baby Boomers with at least $1 million in investable assets want to share their wealth with the next generation while they're still alive. In contrast, 53% of Millennials and 44% of Gen Xers with similar assets are willing to do so. 1
- Home prices continue to push would-be home buyers out of the market. Only 24% of homes are being purchased by first-time homebuyers, the lowest level ever recorded. 2
- Since the November 5th election, the S&P SmallCap 600 Index has increased by nearly 8%, compared to a roughly 5% gain for the S&P 500. Despite this recent rise, the S&P 600 still lags behind the S&P 500 by more than ten percentage points for 2024 and nearly 40 points since the end of 2019. *3
- According to a new survey conducted by CreditCards.com, 34% of Americans said they are stockpiling daily necessities, including toilet paper, non-perishable food, and medical supplies, out of fear of increasing prices from proposed tariffs on imported goods. 4
- Apollo- "Too Good to be True?"
- Apollo - "Housing Becoming Unaffordable for First-Time Homebuyers"
- WSJ - "For Small Cap Stocks, Look Past the 'Trump Trade'"
- Bloomberg- "Fear Over Trump Tariffs Sending Americans Into Debt, Study Shows"
*Past performance is not indicative of future performance
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This desk commentary is for informational purposes only
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