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
•
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




