Charts & Chat - July 14, 2024
Eric Boyce • July 14, 2024
This week, CEO Eric Boyce, CFA discusses:
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recent trends in estimates for economic growth
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analysis of the latest consumer and producer inflation reports, which moved in different directions
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core inflation, rents and wages moderating
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small business optimism stronger; hiring intentions softer, however
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high yield spreads and portfolio insurance reflect a high degree of complacency in the markets
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equity valuations high overall, limited breadth but improvements likely; only 25% of the S&P 500 stocks are beating the index
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equal weight valuations much more attractive than the headline S&P 500
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active hurricane season likely...ramifications on certain economic sectors (energy) and potential additional volatility to markets over the summer...





