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
•
October 12, 2026
This week, CEO Eric Boyce, CFA discusses: 1. More confirming data points on economic expansion; pricing power 2. stable employment trends, with declining continuing claims and 3. Atlanta Fed GDP Now estimates 3.6% annualized growth in 3rd quarter 4. Long term inflation expectations are anchored; demand driven 5. higher interest rates taking toll on interest rate sensitive sectors (home/auto) 6. Rents trending higher, shift from buyers to renters amidst declining supply and homeowner cost push 7. AI theme intact; potential volatility if expectations falter; rapid rise in semis and tech imports 8. in 4th year of bull market in stocks - 5th year average return 12%; valuations still high yet off peaks; breadth declining; small caps underperforming. 9. bond sell-off may be near conclusion; helping to drive dollar higher; yield change reflects increase in real yields, partially driven by demand for credit






