January 8, 2024 Market Moment

Market Moment

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

1/8/2024

A survey revealed that 59% of Americans believe money can buy happiness, with the average price for happiness being $1.2 million. Gen Z individuals suggest they would be content with $488,000, while Millennials feel they need $1.7 million. 1
2024 will be year four of the four-year Presidential Election Cycle under President Biden. Since 1928, year four has been the second-best year of the four-year cycle for the S&P 500 with a median gain of 9.5% and positive returns 73.9% of the time. *1
A recent survey found that nearly half of individuals aged 18 to 29 live with their families, the highest percentage since the 1940s. Additionally, one in five parents say they have sacrificed their retirement savings to help their children financially. 2
Historical data shows that big gains in November and December often lead to a bullish next year. In years with November and December returns ranging from 10-14%, the subsequent year had an average gain of 19.5%. *3

Sources:

MFS- "Beyond the News"
Barrons- "Parents Are Spending Retirement Savings to Help Boomerang Children"
Irrelevant Investor - "A Big Final Two Months Of The Year Is Quite Bullish For Next Year "

*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

#GlenEagle #MarketMoment #Newsletter #GlenEagleTrading #StockMarket #Finance