May 28, 2024 Market Moment

Market Moment

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

5/28/2024

• Since WWII, the S&P 500's average change for the six months leading up to the presidential election has been +4.21%, with gains 84% of the time. 1*
• Average annual wages have risen substantially more in the US since 1990 than in other developed nations. In 2024, average US wages hit a peak of $77,074 compared to $50,871 in the UK, $46,216 in Germany, and $27,955 in Japan. 2
• Together, YouTube and Netflix hold 47.1% of the streaming market, with shares of 25.3% and 21.8%, respectively. Amazon and Hulu are the subsequent significant players, each with a market share below 8%. 3
• Last week, Nvidia’s market valuation reached $2.59 trillion, surpassing the combined worth of Amazon and Tesla. Nvidia is now the third most valuable company, following Microsoft at $3.06 trillion and Apple at $2.85 trillion. 4

Sources:

1. MFS - "Beyond the News"
2. Advisorpedia – “A Significant Wage Disparity Emerges Between the US and Global Competitors"
3. The Compound Media – “YouTube Has Highest Share Within Streaming"
4. Barrons - "The Stock Market Looks Overcooked as Rate-Cut Hopes Fade. Where to Go Instead."

*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 

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