Charts & Chat - June 11, 2023
Eric Boyce • June 11, 2023
This week, Eric Boyce, CFA discusses:
1. Celebrate what's going right in the economy and the markets, but don't lose sight of what the data is telling us.
2. stocks are bring driven by 5-8 large cap technology stocks riding the AI wave
3. Fed likely to pause on rates this week
4. Rents in negative growth - new inventory likely to keep rents low, helping to reduce inflation
5. consumption up, but also credit card usage and delinquencies
6. job growth, but productivity negative - signs of future slowdown
7. commercial real estate stress on horizon
8. China near term growth issues

By Eric Boyce
•
May 18, 2026
This week, CEO Eric Boyce, CFA discusses: 1. discussion of higher inflation risks and central bank policy for its impacts on higher interest rates 2. Gold sluggish due to higher interest rates; equity valuations moving higher during the current melt up 3. tariff collections off; global export volumes and prices higher 4. strong recent payroll data & steady unemployment; real wage growth negatively impacted by rising inflation 5. higher producer prices mirroring consumer price trends, more so on services. Energy and food impacting headline inflation 6. consumer sentiment at lows; small businesses more optimistic although uncertainly remains high 7. retail sales remain favorable; household financial condition and credit quality trending in right direction despite higher inflation trends more recently

By Eric Boyce
•
April 13, 2026
This week, CEO Eric Boyce, CFA discusses: 1. final 4Q GDP revision reflects weaker year-end environment. First quarter estimates are trending down, reflecting pressure from geopolitics 2. personal income trending lower, although credit outstanding remains flat 3. PCE prices are elevated, primarily from goods prices - housing continuing to drop 4. energy market impacts from Iran conflict - disproportionate impact on lower income, Asia energy markets 5. forward looking equity returns look to be more limited, following three years of above average returns - private investments will likely play a greater role going forward 6. still a considerable gap on individuals with retirement plans, even at the higher income levels 7. earnings estimates moving higher, especially for tech firms; accordingly, tech P/E multiples back down to overall index average




