Charts & Chat - March 10, 2024
Eric Boyce • March 10, 2024
This week, CEO Eric Boyce, CFA discusses: 1. equity sentiment and fund flows remain positive, even if valuations are getting stretched. 2. Clear disconnect between Mag 7 and rest of the market in terms of value, contribution to earnings, etc.; small-mid caps more attractive 3. Fixed Income - credit quality, optimism on high yield remains strong, munis overvalued relative to treasuries 4. Service inflation, input prices, new orders all look better. Services PMI remains +50. 5. revolving credit, credit card balances, interest rates and delinquencies all increasing - not at alarm stages...yet. 6. labor market trends remains strong, real earnings remain positive 7. BENEFITS OF SAVING EARLY - chart

By Eric Boyce
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September 21, 2026
This week, CEO Eric Boyce, CFA discusses: 1. global oil inventories are falling, creating additional risk within the energy markets 2. Fed rate increase this past week following inflation data, more hikes expected. Dollar strong as a result 3. interest rates and yields rising, impacting cost of capital and risk repricing. Corporate balance sheets remain strong, though 4. Philly Fed data positive; housing starts and sentiment remain weak; retail sales ahead of expectations 5. Import and export prices above expectations, more energy related price impacts likely. Tech import prices accelerating 6. gold ETF inflows strong, more central bank gold investment and US Treasury disinvestment; foreign investment remains strong, however 7. earnings growth expectations remain very strong, anchored by tech AND energy; industrial valuations now ahead of tech





