
February 3, 2025 Market Moment
Market Moment
Glen Eagle®: America’s Women-Owned Trading Desk®
2/3/2025
- In the first 11 months of 2024, Canada and Mexico supplied about 28% of US imports, while China accounted for 13.5%, according to Census Bureau data. 1
- The combined market cap of the ten largest US companies is $20.9 trillion, representing over 70% of US GDP. These companies are now larger than China's $19.5 trillion economy and the combined GDP of Germany, Japan, India, the UK, and France. *2
- The Magnificent 7 derive 49% of their revenue from international sales, compared to 26% for the S&P 493 (i.e., the S&P 500 excluding the Mag 7) and 21% for the small-cap Russell 2000. This makes them more vulnerable to new tariffs. *3
- Companies are once again looking to reduce their stock prices through stock splits to appeal more to retail investors. Last year, there were 17 stock splits in the S&P 500—the most since 2013. Historically, stocks returned an average of 25% in the year following a split. *4
- WSJ - "Trump Slaps Tariffs on Mexico, Canada and China in Opening Salvo of Trade War"
- MFS - "Beyond the News"
- Goldman Sachs- "Market Monitor"
- Barrons - "It’s Bananas, but Stock Splits Can Pay Off. Here Are 5 Likely Contenders."
*Past performance is not indicative of future performance
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This desk commentary is for informational purposes only
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