Charts & Chat - June 18, 2023
Eric Boyce • June 18, 2023
This week, CEO Eric Boyce, CFA discusses:
1. inflation coming down; monthly data sticky but should get relief from rents
2. expectations for inflation and interest rates changing - moving lower
3. rent gains slowing, future benefit to inflation, rent v. buy
4. tight lending conditions should lead to softer labor markets and lower consumer spending
5. regional economic data a little better than expected
6. retail investors more active in the market

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




