Charts & Chat - August 2, 2026
Eric Boyce • August 3, 2026
This week, CEO Eric Boyce, CFA discusses:
1. Fed leaves rates unchanged, but bias is up based on sticky inflation data. Bond market providing its own assessment of risk as Fed chair Warsh pulls back and long term rates move higher
2. Earnings estimates accelerating, creating higher valuations and risk if results fall short of expectations. Question of whether free cash flow growth and returns on investment can be achieved by AI firms.
3. inflation volatility adding risk to S&P 500 earnings; increasing divergence between sectors
4. 2nd quarter GDP shy of expectations, as inventory drawdown and weak government spending was offset by positive consumer spending.

By Eric Boyce
•
September 15, 2026
This week, CEO Eric Boyce, CFA discusses: 1. implications of a growing national debt level and growth of debt relative to the national economy 2. economic variables most impacted by inflation stemming from the Iran war 3. difficult Fed position regarding short term rates - expectations are for higher rates, but bond market is already there with higher yields. Bond sell off continues, driven by increasing fiscal deficits and increased skepticism 4. increased demand for debt - driven by global demand and hyperscalers, comes at a time of decreasing supply of savings, halping to cement rate increases 5. Producer prices higher - labor market appears stable for the time being 6. 3rd quarter economic growth potential tracking higher per Atlanta Fed 7. Stock valuations lower due to higher earnings, overall valuations bring risk of volatility, although current vol is low






