January 22, 2024 Market Moment

Market Moment

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

1/22/2024

In 1980 the median age for a first-time homebuyer was 29. In 2023 it had increased to 35. Similarly, the median age for repeat homebuyers rose from 36 to 58 over the same time period. 1

Over half of India's population is under 25, positioning it to become the world's 3rd largest economy within a decade.  However, it will need to address its public debt load, which equals 85% of GDP – second only to Brazil among emerging economies. 2

In 1960 US defense spending equaled $47 billion. In 2022 total defense spending reached $877 billion. Despite this rise, defense spending as a percentage of GDP has generally declined, dropping from around 9% in 1960 to less than 4% today. 3

Sustainable (ESG) investment funds have struggled recently. With their performance lagging the market and Republican politicians questioning the sustainable strategy, investors withdrew $323 billion from the funds in 2023, a 12% decline from 2021. 4 

Apollo - "Homebuyers Are Getting Older"

WSJ - "Why India Isn’t the New China"

Bespoke - "Military Industrial Complex"

Barrons - "ESG Funds Set a Dismal Record. Yet Performance Was a Drag."

*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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