Charts & Chat - February 18, 2024
Eric Boyce • February 18, 2024
This week, CEO Eric Boyce, CFA discusses: 1. review of the most recent inflation report and what it means for interest rates 2. analysis of the retail sales data - don't get too focused on the monthly data; watch for more systemic trends 3. manufacturing remains in a soft patch - positive implications from productivity and spending in the next cycle could be strong 4. small business remains guarded - healthy stance 5. equity opportunity in dividend paying stocks and in international

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



