Charts & Chat - July 23, 2023

This week, CEO Eric Boyce, CFA discusses:

1. inflation deceleration and implications

2. present consumer expectations remain strong, future expectations dropping

3. Philly Fed current manufacturing conditions weak, expectations look better 6 months out

4. Leading indicators suggest slowing, as does bankruptcy filings, credit tightening by banks

5. Housing appears headed to a stall, but not a crash

6. stock inflows remain strong, bond outflows from high credit to more speculative credit - consistent with increased complacency