Charts & Chat - September 18, 2023
Eric Boyce • September 18, 2023
This week, Eric Boyce, CFA discusses: 1. Various Business surveys suggest weaker economy, labor market ahead 2. Impact of student loan debt repayment, potential government shutdown, and UAW auto sector strike 3. outlook for retail sales 4. outlook for owner's equivalent rent (OER) on inflation 5. higher energy prices and demand expected, along with higher gasoline prices 6. home prices moving higher again; share of home sales from new builds increasing 7. expected future economic growth and equity returns next 10 years not as high as last 10 years.

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



