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October 9, 2023 Market Moment Thumbnail

October 9, 2023 Market Moment


Market Moment

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


  • Historically, Bull markets are much stronger than Bear markets. Bear markets last about 10 months and lead to a 36% stock market drop. Bull markets, however, typically last around 2.7 years with an average gain of 112%, occurring 78% of the time in the past 91 years. *1
  • In Duke University's CFO survey, 40% of CFOs reduced spending due to interest rates, with additional reasons including economic uncertainty (52.2%), weak demand (41.4%), and hiring difficulties (33.0%). 2
  • A Federal Reserve study reveals that most Americans outside the wealthiest 20% now have less cash than when the pandemic started. Bank deposits and liquid assets for the bottom 80% were lower in June 2023 compared to March 2020, adjusted for inflation. 3
  • The conflict in Israel will likely lead to tighter enforcement of oil sanctions on Iran. Recently the US has turned a blind eye to Iran’s increased oil output which rose by nearly 700,000 barrels daily in 2023. Tightening the sanctions again could now push oil prices beyond $100 per barrel. 4 


  1. Advisorpedia - "How To Talk to Clients About Market Volatility"
  2. Bespoke Daily- "The Stat Sheet"
  3. Bloomberg - "Only Richest 20% of Americans Still Have Excess Pandemic Savings"
  4. Bloomberg - "For Oil, It’s Not 1973 Again – But It Could Still Turn Ugly"

*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

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