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 16, 2026
This week, CEO Eric Boyce, CFA discusses: 1. Potential near and longer term impacts of the energy shock, understanding that sentiment tends to overstate the eventual impact and that most energy shocks are transitory 2. headline and core inflation in line, driven by continued decline in core services and rents 3. consumer spending remains resilient, but 4. tariff-impacted goods and price increases risk inflation - estimates moving higher as we watch costs in the food chain in apparel increase 5. probability of recession moved up a little in the prediction markets and the likelihood of interest rate cuts in 2026 are largely off the table for the time being. 6. equity markets are in sell off mode, especially in consumer discretionary; S&P 500 index not nearly as useful as a diversification vehicle as it used to be due to increasing concentrations 7. interest rates continue to tweak higher, increasing mortgage rates at a time when affordability is tempered. Bond market volatility picking up a little 8. Deep dive into the topic of Retirement Savings - aging populations, use of social security versus pensions; growth of 401k's, yet meaningful percent of workers do not have retirement accounts




