October 28, 2024 Market Moment
Market Moment
Glen Eagle®: America’s Women-Owned Trading Desk®
10/28/2024
- John D. Rockefeller’s 1913 net worth of $900 million would be $29 billion today, not enough for the top 50 on the Bloomberg Billionaires Index. However, as a share of US GDP, it would be over $600 billion, more than Elon Musk and Jeff Bezos combined. 1
- Housing costs have risen 50% faster than the CPI in the past decade due to a housing shortage. A 20% down payment on a median home now requires 83% of a typical buyer’s annual income, up from 65% eight years ago. 1
- NVIDIA’s market cap is now larger than the total of five G7 countries (Canada, UK, France, Germany, and Italy). 2
- A review of the earnings calls of 7,000 publicly traded companies shows that mentions of Artificial Intelligence (AI) increased six-fold after ChatGPT’s release, from 0.35 sentences per call in Q4 2022 to 2.17 in Q3 2023. 3
- Barrons - "How to Think About the Price of Food"
- Apollo - "It Is All About NVIDIA"
- MFS - "Beyond the News"
*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