Five interesting things that Hodges Capital research analysts discovered this week...
#1 FREIGHT SHIPMENTS: The shipment component of the Cass Freight Index increased 1.9% y/y in September, marking the second consecutive month of growth following a three-and-a-half-year downturn.
#2 BULL MARKETS: The U.S. bull market is entering its fifth year, marking only the sixth time in the last 13 bull markets since World War II that a bull market has lasted long enough to reach this stage. In year five, the average S&P 500 Index return has been 20.8%, according to Bloomberg and CFRA.
#3 TOP OF MIND: A recent poll from Pew Research Center continues to show that the costs of gas, food, and housing are the most concerning economic issues facing Americans today. Fewer than 25% of Americans remain concerned about how the stock market is performing.
#4 RETIREES: Social Security benefits are set to increase 3.6%, marking the largest cost-of-living adjustment since 2023, according to the Social Security Administration.
#5 QUOTE OF THE WEEK: "Experience is what you got when you didn't get what you wanted." — Howard Marks
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This discussion is not intended to be a forecast of future events and should not be considered a recommendation to buy or sell any security. Past performance is not indicative of future results. Investing involves risk. Principal loss is possible. Investing in smaller companies involves additional risks such as limited liquidity and greater volatility. No current or prospective client should assume that information referenced in this communication is a recommendation to buy or sell any security or is a substitute for personalized investment advice from your individual advisor. HCM does not provide tax or legal advice. Consult your tax or legal advisor for any related questions.
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