Charts & Chat - June 2, 2024
Eric Boyce • June 2, 2024
This week, CEO Eric Boyce, CFA discusses:
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stocks outperform the economic surprise index; valuations high, but earnings growth leading to increased capital spending expectations and share repurchase
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individual ownership of stocks increasing, helping to contribute to bouts of volatility
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stock and bond correlations very high, making it more challenging to diversify between traditional approaches
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interesting trends in hybrid working environments
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housing optimism remains low; renters spend less than owners on housing; sale inventory increasing, but there still dislocations - prices higher but more discounting; also drop in pending sales
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GDP revisions from the first quarter - consumer spending and inventory growth less robust

By Eric Boyce
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September 21, 2026
This week, CEO Eric Boyce, CFA discusses: 1. global oil inventories are falling, creating additional risk within the energy markets 2. Fed rate increase this past week following inflation data, more hikes expected. Dollar strong as a result 3. interest rates and yields rising, impacting cost of capital and risk repricing. Corporate balance sheets remain strong, though 4. Philly Fed data positive; housing starts and sentiment remain weak; retail sales ahead of expectations 5. Import and export prices above expectations, more energy related price impacts likely. Tech import prices accelerating 6. gold ETF inflows strong, more central bank gold investment and US Treasury disinvestment; foreign investment remains strong, however 7. earnings growth expectations remain very strong, anchored by tech AND energy; industrial valuations now ahead of tech





