Charts & Chat - May 7, 2023
Eric Boyce • May 8, 2023
During the course of our daily research, we come across interesting and illustrative charts which do a great job in articulating a point we'd like to make regarding the market or the economy.
I am also including at the end my summary comments on important issues related to the market and economy over the last week, and what to look for in the week ahead.

We hope you enjoy...

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




