Charts & Chat - March 17, 2024
Eric Boyce • March 17, 2024
This week, CEO Eric Boyce discusses: 1. inflation remains sticky, especially rents and services, but there is expectations for further reduction 2. analysis of recent trends in CPI, PCE and PPI - patience required in getting to the 2% Fed target 3. retail sales below expectations, implications for a tight labor market 4. small business earnings, hiring intentions remain suppressed 5. household financial strength anchored by housing, equities 6. private debt markets set to explode 7. equity fund flows, buyback increases, higher liquidity, and high valuations set the stage for continued growth but a potential pullback near term

By Eric Boyce
•
March 9, 2026
This week, CEO Eric Boyce, CFA discusses: 1. surprising weak job report; weaker healthcare employment, lower participation, manufacturing employment, productivity higher, unit labor costs in check 2. ISM services sector looking better - orders, employment, order backlog - although Fed's survey of conditions remains sluggish 3. metals prices higher - possible rotation from resources consuming areas of the market (tech) to resources producing (energy, materials) 4. energy price impact of Iran conflict - supply constraints from Strait of Hormuz, shipping prices, higher gasoline prices and low strategic oil reserves 5. potential oil price shocks on inflation and economic growth 6. yield curve shifts up last week, decreased probabilities of short term rate changes - conundrum of lower employment coupled with higher possible inflation




