Charts & Chat - July 2, 2023

This week, Eric Boyce, CFA discusses:

1. some positive economic signals & economic surprise index movements

2. households, global savings, debt levels

3. untapped economic benefit from household equity in businesses and real estate

4. lower government spending will anchor economic growth - trending to a technical recession on data the NBER follows

5. valuations high, especially when earnings estimates for S&P 500 are declining

6. 2 year treasury keeps going up; meanwhile, 10 year treasury remains anchored - yield curve further inverted