September 23, 2024 Market Moment

Market Moment

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

9/23/2024

Since WWII, the S&P 500 has performed best in the fourth quarter (Q4), averaging a 4.2% gain and rising 79% of the time. This is double the performance of the next best quarter, Q1, which averages a 2.1% gain and rises 62% of the time. *1
China, the world’s largest carbon emitter, is heavily investing in renewables. In July, 50% of vehicles sold in the country were EVs. Additionally, in 2023, China installed 62% of the world’s non-hydro renewables, building more solar in one year than the US has in its history. 2
Since 1970, the S&P 500 has averaged a 21% rise in the year following the first rate cut in an easing cycle, provided there’s no recession. Yet, eight of the last nine easing cycles saw profits decelerating, but currently, profits are expanding. *3
In 2023, the US median real household income rose by 4.0%, the first significant annual increase since 2019. The female-to-male earnings ratio, however, dropped to 82.7% from 84.0% in 2022, the first decline since 2003. 1

Sources:

MFS - "Beyond the News"
Barrons - "Why China Went From Climate Laggard to Leader of the Energy Transition"
Bloomberg- "Traders Need a New Stock Market Playbook for These Rate Cuts"

*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 of FINRA and SIPC

This desk commentary is for informational purposes only

Carol Ann Fernandez, Rob Michel, Grier Vacek

(609) 631-8231

www.gleneagleadv.com

Glen Eagle Wealth, LLC | 4422C Route 27, PO Box 399, Kingston, NJ 08528-0399

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