February 20, 2024 Market Moment

Market Moment

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

2/20/2024

• Housing affordability issues have led homebuilders to reduce new build sizes. Over the last ten years, the median square footage of new homes has fallen 12% from 2,313 sf in 2013 to 2,036 sf in 2023. 1
• About 4.1 million Americans will reach 65 years old this year, that is about 11,200 a day. In 2023, nearly 20% of Americans aged 65 and older were employed, nearly double the rate from 35 years ago. 2
• The average price of a stock in the S&P 500 now stands at $204.28, with 73% priced over $100 and 9 stocks priced over $1,000. That is a dramatic increase from the average 1983 price of just $39.06! *3
• In 2024 more than 75 countries, with nearly 60% of the world’s population, will head to the polls for critical elections. Financial markets will be closely watching several of these political contests including those in India, South Africa, and Mexico. 4

Sources:

1. MFS - "Beyond the News"
2. WSJ - "America Has Never Had So Many 65-Year-Olds. They're Redefining the Milestone."
3. Barrons - "Stock Prices Are Astronomical. How They Became So Costly."
4. Barrons - "The World Is Headed to the Polls This Year. ‘There Are Enormous Geopolitical Implications.’"

*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 

www.gleneagleadv.com 

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

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