Charts & Chat - December 22, 2024
Eric Boyce • December 22, 2024
In the final Charts & Chat of 2024, CEO Eric Boyce, CFA discusses:
1. the Fed rate decrease from last week, the change in expectations, and the impact of the surprise on the markets
2. the status of the FOMC's current and long term projections
3. risk factors for 2025 - trade policy and inflation are at the top of the list
4. retail sales remain strong
5. small caps ready to potentially break out; value was oversold
6. term premiums on bonds moving higher
7. commodity prices improving

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




