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
•
September 21, 2026
This week, CEO Eric Boyce, CFA discusses: 1. global oil inventories are falling, creating additional risk within the energy markets 2. Fed rate increase this past week following inflation data, more hikes expected. Dollar strong as a result 3. interest rates and yields rising, impacting cost of capital and risk repricing. Corporate balance sheets remain strong, though 4. Philly Fed data positive; housing starts and sentiment remain weak; retail sales ahead of expectations 5. Import and export prices above expectations, more energy related price impacts likely. Tech import prices accelerating 6. gold ETF inflows strong, more central bank gold investment and US Treasury disinvestment; foreign investment remains strong, however 7. earnings growth expectations remain very strong, anchored by tech AND energy; industrial valuations now ahead of tech





