November 9, 2026 Investor Insights

Holiday Spending

November 9, 2026

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 1951 to 2025, the S&P 500 averaged a 4.9% price return under Republican presidents with a Democratic Congress. However, the average return rose to 10.2% when excluding the 1973/1974 OPEC embargo and the 2008 Financial Crisis. *1
Employees at Chinese companies work an average of 48.3 hours per week, compared with 34.4 hours in the U.S., a difference of nearly 14 hours. 2
In 2012, governments around the world owned three-quarters of U.S. Treasury bonds. Today, private investors such as hedge funds hold most Treasuries (60%). *3
Americans plan to spend an average of $1,011 on holiday gifts in 2026, pointing to holiday sales growth near 3%. About 18% expect to spend more than last year, while 24% expect to spend less. 4

Sources:

Janus Henderson Investors – “Midterm elections: Keeping the big picture in mind”
Bloomberg Businessweek – “China’s Extraordinary Path to Power”
Barron’s – “The World’s Debt Is at Record Levels. 6 Ways to Protect Your Portfolio.”
Gallup – “Holiday Shopping Plans Point to Average Retail Year”

*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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