November 4, 2024 Market Moment
Market Moment
Glen Eagle®: America’s Women-Owned Trading Desk®
11/4/2024
- US gas prices have dropped 13% in the last six months, but the current average of $3.15 per gallon is the highest before any presidential election since 2012. 1
- With fertility rates at historic lows, raising two children and sending them to college now costs $832,000. Affordability is a major reason 36% of Americans under 50 don’t have children. College tuition has increased 748% since 1963. 2
- The Social Security Administration announced a 2.5% cost-of-living increase in social security benefits for 2025, the smallest increase in four years. The average monthly retiree benefit is now $1,976, up $49 from 2024. 1
- Gold prices hit $2,750 on Friday, up 33% this year, marking its best annual gain since 1979. This significantly outperformed the S&P 500’s 22% return. *3
- MFS - "Beyond the News"
- Visual Capitalist - "Visualizing the Cost of the American Dream in 2024"
- Barrons - "Gold Mining Stocks Are a Bargain. Here’s How to Buy In."
*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 FINRA and SIPC
This desk commentary is for informational purposes only
Glen Eagle Wealth, LLC
4422C Route 27 PO Box 399
Kingston, NJ 08528
(609) 631-8231
Glen Eagle Wealth | www.gleneagleadv.com
#GlenEagle #MarketMoment #Newsletter