Charts & Chat - January 25, 2026
Eric Boyce • January 26, 2026
This week, CEO Eric Boyce, CFA discusses:
1. Decision dilemma with FOMC rate meeting coming up - sticky inflation offset by weaker labor market
2. discussion of inflation components and influences
3. discussion of wages and income
4. residential housing, rental market, home improvement spending
5. exports, gold market and gold versus treasury holdings at foreign central banks
6. institutional and individual sentiment remains strong for risk assets
7. important market rotation underway - favoring value, equal weight, small cap and lower quality
8. balance of earnings growth shifting away from the Mag 7

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




