Charts & Chat - February 8, 2026

Eric Boyce • February 9, 2026

This week, CEO Eric Boyce, CFA discusses:

1. Risks to inflation from weak dollar, rising industrial prices and wages

2. ISM Services index remains positive, labor weak (job openings)

3. Strong response in energy prices, stocks - rhetoric on geopolitical developments

4. concentration of wealth and the pending wealth transfer

5. increased stock market breadth; tech stocks in correction; net profit margin and earnings per share growth remains strong across the S&P 500 equal weight index

6. international stock diversification benefit remains even if US earnings growth has far outpaced global earnings ex-US

7. yield curve as steep as its been in more than 2 years

8. lots of dry powder at private market funds ready to deploy

9. Bitcoin/crypto showing its volatile head

10. As a percent of the total economy, capital spending by the AI hyperscalers likely to exceed the US interstate highway system in the 1950-60's and the railroad build out before the civil war




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
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