Charts & Chat - June 9, 2024
Eric Boyce • June 9, 2024
This week, CEO Eric Boyce, CFA discusses:
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Gold performance relative to bonds and size of government budget; increase of gold in use as reserve asset
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Labor force participation and debt levels, and increased treasury issuance
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yield curve dynamics and lack of breadth evident in equities; equity risk premium very low relative to bonds
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diversification benefits from other asset classes, foreign markets
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residential home price declines, office vacancy and the looming debt cliff for commercial real estate
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job market in good shape but softening; consumer spending rising but so are delinquencies
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small banks responding to balance sheet issues
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disinflation tendencies in place - need patience





