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June 3, 2024 Market Moment Thumbnail

June 3, 2024 Market Moment

Market Moment

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


  • Since 2020, India has become a standout among emerging country markets. Its weight in the MSCI Emerging Markets Stock Index has doubled from 9% to 18%, while China's has decreased from 43% to 25%. *1
  • Over the past 50 years, the S&P 500 has averaged a 1.8% gain (median: 3.27%) from Memorial Day to Labor Day, with gains occurring 70% of the time. In the last ten years, however, the average gain increased to 3.8% (median: 4.6%). *2
  • More than half of Gen Z and Millennial investors rely on social media for investment information. However, a study by the Swiss Finance Institute found that 56% of 'fin-fluencers' underperform their peers by 2.3% monthly, indicating "negative skill." 2
  • American Cities have not fully recovered from the pandemic, which is weighing on the office and retail sectors. Cellphone activity data shows that downtown San Francisco is at 57% of pre-pandemic levels, while Las Vegas is at 97%, and Miami is at 82% of 2019 levels. 3


  1. Capital Group - "Economic Outlook: U.S. Powers Global Growth"
  2. MFS - "Beyond the News"
  3. Apollo Chief Economist – “Four Years After Covid: Downtown Recovery Remains Weak"

*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 


Glen Eagle Wealth, LLC | 4422C Route 27, PO Box 399, Kingston, NJ 08528-0399 

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