Charts & Chat - November 17, 2024
Eric Boyce • November 17, 2024
This week, CEO Eric Boyce, CFA discusses:
1. potential trade implications of the Trump 2.0 administration
2. recent inflation reports reflect sticky inflation influenced by a handful of components, overall trend remains down, however.
3. real wage growth positive, delinquencies picking up tho
4. US dollar accelerating; commodity prices are a mixed bag; oil, gasoline stocks are low
5. risk asset valuations & expectations are high, yet volatility remains low - some near term risk there...
6. significant opportunity in small cap and international stocks - just needs a catalyst
7. short term interest rates expected to drop 0.5% next 12 months; overall rates moving higher & reversing earlier 2024 trends

By Eric Boyce
•
October 12, 2026
This week, CEO Eric Boyce, CFA discusses: 1. More confirming data points on economic expansion; pricing power 2. stable employment trends, with declining continuing claims and 3. Atlanta Fed GDP Now estimates 3.6% annualized growth in 3rd quarter 4. Long term inflation expectations are anchored; demand driven 5. higher interest rates taking toll on interest rate sensitive sectors (home/auto) 6. Rents trending higher, shift from buyers to renters amidst declining supply and homeowner cost push 7. AI theme intact; potential volatility if expectations falter; rapid rise in semis and tech imports 8. in 4th year of bull market in stocks - 5th year average return 12%; valuations still high yet off peaks; breadth declining; small caps underperforming. 9. bond sell-off may be near conclusion; helping to drive dollar higher; yield change reflects increase in real yields, partially driven by demand for credit






