Charts & Chat - October 9, 2023
Eric Boyce • October 9, 2023
This Week, CEO Eric Boyce, CFA highlights the following chart subjects: 1. stock sell off, current valuations and trends & what's cheap relatively speaking 2. yields moving higher and high yield spreads 3. bank lending getting tighter, impact on economy 4. household savings, net worth strong, but savings coming down 5. hiring intentions lower, but new business formation strong...wages sticky but trending down...good! 6. manufacturing data stronger, services still in expansion

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




