Charts & Chat - May 21, 2023
Eric Boyce • May 30, 2023
This week, CEO Eric Boyce, CFA discusses:
- Discrepancies in the estimates for both economic growth in 2Q and the pace of Fed rate changes
- Home prices and sales are both in decline
- Bankruptcies, delinquencies, and credit lending standards are all moving higher.
- Wages remain sticky, productivity was negative last quarter
- Stocks have limited market breadth right now...

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





