July 14, 2025 Market Moment

Market Moment

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

7/14/2025

• Healthcare is taking up a growing share of U.S. household spending. In 2023, spending rose 7.5% to $4.9 trillion—outpacing GDP for the first time since the pandemic. It now exceeds groceries and housing as a percentage of household budgets. 1
• The S&P 500 tends to perform well when it's up 5–10% by mid-year (as it is in 2025). In those years (since 1950), the average return for the rest of the year is +6.0%, with full-year gains averaging 13.9%. *2
• The U.S. dollar had its worst first-half performance in over 50 years. It fell 13% vs. the euro and 6% vs. the yen, reversing 2024’s strong-dollar trend. 3
• Copper prices hit record highs after Trump announced a 50% import tax starting Aug. 1. Prices spiked the most in a single day since 1968 and ended the week up 9.1%. The U.S. imports nearly half of its copper, mainly from Canada and Chile. 4
•  

1. AMA - "Trends in health care spending"
2. The Irrelevant Investor - "The Compound and Friends: Reasons to Remain Overweight"
3. WSJ - "Plunging Dollar Leaves American Travelers With Less Buying Power This Summer"
4. WSJ- "Five Things to Know About Record Copper Prices"

*Past performance is not indicative of future performance

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