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
•
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




