July 8, 2024 Investor Insights
Houses Beat Inflation
July 8, 2024Save Post
Enjoy this week's "Investor Insights," a weekly newsletter that highlights the financial news you need and provides tips and tricks for making better investment decisions.
- The value of homes has far outpaced inflation over time. For example, since 1990, home prices nationally have risen 319%, which is more than double the growth in the standard inflation metric of the Consumer Price Index (CPI) over the same time period. 1*
- The S&P 500 has had double-digit growth through the first six months of the year. Historically, when the S&P 500 is up more than 10% in the first half of the year, the index saw a median gain of 9.6% in the second half, with gains 76% of the time. 2*
- The S&P 500 has now gone over 344 trading days (since 2/21/23) without a one-day drop of at least 2%. That is the fourth-longest streak since 1990. 3
- China, which accounts for around 20% of the world’s population, is increasingly reliant on imports to support its economy. For example, China imports 70% of its crude oil feedstock, 40% of its natural gas, and 75% of its seaborne iron ore needed for steelmaking. 4
Sources:
- S&P CoreLogic
- Bespoke
- Bespoke
- Barrons
*Past performance is not indicative of future performance
Disclosure: This information is furnished for the use of Glen Eagle Advisors, LLC, Glen Eagle Wealth, LLC, and their clients and/or contacts. It does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific objectives, financial situation, or particular needs of any specific person. Investors reading this commentary should consult with their Glen Eagle representative/financial advisor regarding the appropriateness of investing in any securities or adapting any investment strategies discussed or recommended in this newsletter.
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