facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog search brokercheck brokercheck Play Pause
October 16, 2023 Market Moment Thumbnail

October 16, 2023 Market Moment


Market Moment

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


  • The US Bond Index has historically been viewed by investors as a more conservative investment. After dropping 13.9% in 2022 the bond index is down another 5.4% in 2023. Prior to 2022, the biggest one-year decline seen in the index since 1976 was just 3.92% in 1981. *1
  • The utilities sector represents just 2.3% of the S&P 500, which is its lowest weighting since April 2000. The sector's entire combined market cap of about $830 billion is equal to roughly one-third of Apple's $2.7 trillion market cap. 1
  • A new poll shows that Americans have strong preferences for which automakers they would purchase an electric vehicle from. Nearly 30% would most likely consider Toyota (TM) as their top choice for an electric vehicle, followed by Tesla (TSLA) at 23%. 2
  • Social Security recipients will get a 3.2% raise in 2024, above the 2.6% average over the past 20 years but less than the 8.7% increase this year. 3


  1. MFS - "Beyond the News"
  2. Yahoo Finance- "IPSOS Poll of 1,025 US Adults"
  3. Barrons - "Here’s How Much Social Security Benefits Will Rise in 2024"

*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