Charts & Chat - July 14, 2024

Eric Boyce • July 14, 2024

This week, CEO Eric Boyce, CFA discusses:

  • recent trends in estimates for economic growth

  • analysis of the latest consumer and producer inflation reports, which moved in different directions

  • core inflation, rents and wages moderating

  • small business optimism stronger; hiring intentions softer, however

  • high yield spreads and portfolio insurance reflect a high degree of complacency in the markets

  • equity valuations high overall, limited breadth but improvements likely; only 25% of the S&P 500 stocks are beating the index

  • equal weight valuations much more attractive than the headline S&P 500

  • active hurricane season likely...ramifications on certain economic sectors (energy) and potential additional volatility to markets over the summer...



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