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January 27, 2025 Market Moment Thumbnail

January 27, 2025 Market Moment

Market Moment

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

1/27/2025

  • Sales of previously owned homes hit the lowest level since 1995 for the second year in a row, down a third from 2021. The median price in December was $404,400, up 6% from December 2023 but down from the June peak of $426,900. 1
  • The U.S. now has 48 tech firms earning over $1 billion each, while the rest of the entire world only has 35. This is one reason why the U.S. equity and bond markets total $79 trillion, 8 times larger than the next biggest market. 2
  • In 2024, 60% of the $6.75 trillion federal budget went to Medicare, Medicaid, and Social Security. Interest on the national debt and defense spending together represented another 26%. That left only around 13% for discretionary nondefense spending. 3
  • Megacap tech firms drove most of the S&P 500's 70% rise over the past two years. However, profits for the top seven tech firms (Mag 7) are expected to grow at just 22% in the most recent quarter (down from 51% in Q1) and have the smallest increase since early 2023. *4

  1. WSJ - "U.S. Homes Sales in 2024 Fell to Lowest Level in Nearly 30 Years"
  2. The Irrelevant Investor- "USA, Inc Our Markets Are the Envy of the World"
  3. Barrons - "High Interest Rates Are Hammering Investors. What Lies Ahead Could Be Worse."
  4. Bloomberg - "Tech’s $15 Trillion Rally Hinges on High-Stakes Earnings Stretch"

*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 FINRA and SIPC 

This desk commentary is for informational purposes only 

Glen Eagle Wealth, LLC 

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