November 27, 2023 Investor Insights

The Big Four

November 27, 2023

Enjoy this week's "Investor Insights," a weekly newsletter highlighting the financial news you need and providing tips and tricks to help you make better investment decisions.

Ten years ago, Apple, Microsoft, Alphabet, and Amazon, the four largest publicly traded US companies, had a combined market cap of $1.3 trillion. Today, all four have market caps exceeding $1.3 trillion, and their share in the S&P 500 has surged from 7.7% to 22.2%. 1
According to a Deloitte survey, people plan to spend an average of $1,652 this holiday season, compared to $1,455 last year, indicating a potential increase in spending. 2
Since 1950, the S&P 500 has risen 70% of the time from Thanksgiving to New Year's Eve, averaging a 1.7% gain. This year the market was up 8.1% in the month before Thanksgiving, its best performance since 1999. *3
There is a rapidly growing number of Americans who own their homes outright. The percentage of mortgage-free homes in the US increased by 5 points from 2012 to 2022, reaching almost 40%, with over half owned by retirees. 4

MFS - "Beyond the News"
WSJ - "American Shoppers Have Plenty of Dry Powder"
Barrons - "The Stock Market Had a Wonderful Thanksgiving. Now It’s Time to Celebrate Christmas."
Bloomberg - "The Share of Americans Who Are Mortgage-Free Is at an All-Time High"

*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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