Charts & Chat - June 1, 2025

Eric Boyce • June 1, 2025

This week, CEO Eric Boyce, CFA discusses:

1. changes in the first quarter economic growth report

2. trade and dollar comments following the trade court decision

3. Fed in tough spot; inflation v. growth worry - impact on recession probability

4. Earnings and profits expectations - likely some slowing second half of 2025 but not catastrophic

5. Richmond Fed - slight improvement in expectations, although uncertainty remains a driver

6. housing clearly still stuck in low gear due to affordability

7. analysis of hard data - order, bankruptcies, etc does not reflect crisis situation

8. discussion of strong correlation between gold and dollar

9. energy stocks imply strong pricing heading into summer driving season

10. discussion of dynamic shifts within the S&P 500 index

11. private markets slow getting out of 2025 gate; institutional investments expected to increase, but new activity appears slow




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