Charts & Chat - November 24, 2024
Eric Boyce • November 24, 2024
This week, CEO Eric Boyce, CFA discusses:
1. Trade trends and the impact of the strong dollar and potential tariff polices
2. New business applications up; leading indicators remain subdued
3. Residential housing inventory is up, even if builder sentiment is still soft
4. Loan demand off, but lenders still are lending; commercial non-performing loans picking up
5. Investor liquidity at high point; international purchases of US assets also peaking - driving valuations higher
6. Fund flows are strong for both stocks and bonds; mutual funds running very low cash levels

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




