Pending Home Sales, Interest Rates, What We Are Watching

John Stanton |




  • Pending Home Sales were down in May, falling 2.1% from the previous month and now at their lowest level on record. 



Source:  National Association of Realtors


Interest Rates

The next Federal Open Market Committee meeting is July 30-31,  with the Fed expected to hold rates steady,  targeting 5.25%-5.50%,  as they wait for inflation to ease further. 

Source:  Macrotrends

Stocks and Indexes

Equal Weighted vs  Market Cap Weighted

S&P 500  Market Cap Weighted   YTD  15.28%

S&P 500 Equal Weight YTD                4.56%

As of June 28, 2024

The stock market numbers we see on the news typically will mention the market cap weighted returns of the S&P 500.   This means that the larger a company is,  in terms of market capitalization,  the larger the impact of that stocks return will be on the index return.  

The difference in performance of the market cap versus equal weight s&p 500  points out that the appreciation of the index is driven by a smaller number of large company share prices,   indicating that this market is anything but healthy.

Our practice would like to see a broadening out of share price performance,  as one piece of evidence,  that this is a healthy stock market, that would warrant  additional market exposure. 



Yields rose again on the 10 year,    closing at 4.45% on July 2nd. 

January 2024 10 Year Yield  3.946%   



The price of gold  closed  basically unchanged  last week,   to $2,330.90 per troy ounce.  

Up 13.3%  YTD. 



The adjusted advanced/decline divergence continues,  as breadth takes on the opposite tact away from the exuberant S&P500.  


Stanton Group Risk Management  Current Net Long Positioning

There were no changes made in our Net Long  Stock positioning within our model portfolios.  

Please schedule a call to review historical and current positioning using our  Core & Protect Risk Management Process, our research, and our model portfolios.


Community Supported Agriculture

Elder Oaks Farm,  St Charles Il

In my ongoing journey into nutritional eating,   we chose Elder Oaks Farm for their Community Supported Agriculture offering this year.   

Their mission is to create a vibrant a self sufficient community that values and supports small-scale, chemical-free, local, and sustainable agriculture.  

Picked up our semi weekly box,  which included fresh kale,  red onions,  raspberies,  butter lettuce,  and red leaf lettuce. 

Looking forward to picking up our next order,  and getting know Quinton and Samantha at Elder Oaks Farm!



Happy Independence Day!

Wishing you and your families a safe,  fun,  and enjoyable 4th of July. 


John is the founder of The Stanton Group WP. With more than three decades of experience in the financial services industry, and through SeaCrest Wealth Management, LLC,  serves as the Registered Investment Advisor Representative for clients, focusing on financial planning and the investment strategies to support their financial plan.

Based in Naperville, Illinois, John serves clients in Naperville, Plainfield, Darien, Aurora, Geneva, St Charles, and throughout the Chicagoland area.

Learn more about John’s services by visiting

John can be reached at l 630-445-2380 or email

The Stanton Group WP provides investment advisory services through SeaCrest Wealth Management LLC, (the “SWM”) a registered investment advisor. SWM is a registered investment advisor (“RIA”), with the U.S. Securities and Exchange Commission located in the State of New York. SeaCrest Wealth Management, LLC can be reached at (914) 502-1900.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media)  reflects the personal opinions, viewpoints, and analyses of John Stanton,  and should not be regarded as the views of SeaCrest Wealth Management, LLC,  or its respective affiliates or as a description of advisory services provided by SeaCrest Wealth Management, LLC,  or performance returns of any SeaCrest Wealth Management client.  

The views reflected in the commentary are subject to change at any time without notice.

Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. It also should not be construed as an offer soliciting the purchase or sale of any security mentioned.

Investments in securities involve the risk of loss. Past performance is no guarantee of future results.

Any indices referenced for comparison are unmanaged and cannot be invested into directly. As always please remember investing involves risk and possible loss of principal capital; please seek advice from a licensed professional. Any projections, estimates, forecasts, targets, prospects and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.