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November 18, 2024 Investor Insights Thumbnail

November 18, 2024 Investor Insights

Investor Insights

Gains Between Elections

November 18, 2024

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. 

 

  • From Election Day 2020 to Election Day 2024, the S&P 500 rose 69.6%, marking the fourth consecutive time since 2008 that the index gained at least 40% between U.S. Presidential elections. *1
  • Bitcoin is now worth more than all U.S.-listed companies except the top six. Dogecoin, originally a joke, would also rank in the top 200 largest companies by market value. Crypto enthusiasts continue to hope decreasing regulations will boost crypto prices. 2
  • U.S. stocks have far outperformed global markets. The S&P 500 returned 13% annually over the last decade, compared to under 5% for the MSCI EAFE index. This trend continued in 2024, with U.S. stocks accounting for 75% of global market returns in the year's first half. *3 & 4
  • The IRS raised the 401(k) contribution limit for individuals from $23,000 in 2024 to $23,500 in 2025. The catch-up contribution for those 50+ stays at $7,500, and the IRA contribution limit remains at $7,000. 1

Sources:

  1. MFS - "Beyond the News"
  2. WSJ - "Is Trump Really So Great for Bitcoin?"
  3. Barrons - "The U.S. Really Is #1 When It Comes to Stocks. Why It Will Stay That Way."
  4. Advisorpedia - "How U.S. Economic Shifts Ripple Across Global Markets"

*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. 

Glen Eagle Wealth, LLC is a member of FINRA, MSRB and SIPC 

Glen Eagle Advisors, LLC is a SEC Registered Investment Advisor 

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