November 18, 2024 Market Moment

Market Moment

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

11/18/2024

• 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

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

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This desk commentary is for informational purposes only 

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