Charts & Chat - October 20, 2024
Eric Boyce • October 21, 2024
This week, CEO Eric Boyce, CFA discusses:
1. GDP estimates for 3Q in the increase; liquidity higher, and economic data on balance has been more positive.
2. liquidity improving in US and abroad - tends to favor profits increases and risk asset investment over time
3. retail sales stronger than expected, labor market softening as expected
4. gold strong, other energy commodities are off somewhat
5. chapter 11 filings up, expectations for delinquencies on the rise
6. regional economic surveys (Philly Fed, Empire State) paint mixed picture on manufacturing
7. investor optimism much higher on stocks versus bonds; improving stock price and earnings breadth across sectors expected





