Charts & Chat - November 6, 2023
Eric Boyce • November 6, 2023
This week, CEO Eric Boyce, CFA discusses: 1. shift in equity and bond allocations in light of higher interest rates 2. The great opportunity in bonds when rates migrate down 3. Changes in the yield curve over time 4. Equity drawdowns of 10% are not infrequent - some historical data 5. sticky components of inflation - wages and rents - in downward trend 6. some positive economic data points of note

By Eric Boyce
•
September 21, 2026
This week, CEO Eric Boyce, CFA discusses: 1. global oil inventories are falling, creating additional risk within the energy markets 2. Fed rate increase this past week following inflation data, more hikes expected. Dollar strong as a result 3. interest rates and yields rising, impacting cost of capital and risk repricing. Corporate balance sheets remain strong, though 4. Philly Fed data positive; housing starts and sentiment remain weak; retail sales ahead of expectations 5. Import and export prices above expectations, more energy related price impacts likely. Tech import prices accelerating 6. gold ETF inflows strong, more central bank gold investment and US Treasury disinvestment; foreign investment remains strong, however 7. earnings growth expectations remain very strong, anchored by tech AND energy; industrial valuations now ahead of tech





