Charts & Chat - November 14, 2023
Eric Boyce • November 14, 2023
This week, CEO Eric Boyce, CFA discusses: 1. GDP forecasts have evolved from this summer - more optimism on 2025 and 2026 2. credit card, auto delinquency rising. 3. savings contracting, but spending continues 4. homes prices contracting, gasoline prices off in time for holiday shopping season 5. portfolio perspective - probability of success high and improves the longer the horizon 6. the tech high flyer stocks - gains this year, but got hammered last year 7. bank stocks, emerging markets - very low/attractive relative valuation, but too early for catalyst

By Eric Boyce
•
April 13, 2026
This week, CEO Eric Boyce, CFA discusses: 1. final 4Q GDP revision reflects weaker year-end environment. First quarter estimates are trending down, reflecting pressure from geopolitics 2. personal income trending lower, although credit outstanding remains flat 3. PCE prices are elevated, primarily from goods prices - housing continuing to drop 4. energy market impacts from Iran conflict - disproportionate impact on lower income, Asia energy markets 5. forward looking equity returns look to be more limited, following three years of above average returns - private investments will likely play a greater role going forward 6. still a considerable gap on individuals with retirement plans, even at the higher income levels 7. earnings estimates moving higher, especially for tech firms; accordingly, tech P/E multiples back down to overall index average



