Charts & Chats - February 11, 2024
Eric Boyce • February 11, 2024
This week, CEO Eric Boyce, CFA discusses: 1. economic surprise data indicating more optimistic tone. 2. lenders easing credit standards for consumer and commercial (Except for office) 3. Services PMI improving 4. equity valuations higher because of magnificent 7; rest of market only slightly above average. 70%+ of stocks underperformed overall index last year

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




