This week, CEO Eric Boyce, CFA discusses:
1. Beige Book, Retail Sales stronger - propped up by real wage growth
2. home builder sentiment, housing starts improving
3. manufacturing remains sluggish, per Philly Fed data
4. near term expectations high, perhaps too enthusiastic; longer term "retirement expectations" a bit more muted though
5. update on corporate, household financial health
6. power of long term compounding of returns illustrated, long term benefit of stocks versus cash
7 There is a LOT of cash on the sidelines; should help to support investment growth longer term.
Comments