Charts & Chat - June 23, 2024

This week, CEO Eric Boyce, CFA discusses: 1. retail sales - consumer slowing a bit 2. manufacturing better than expected - infrastructure capital spending is an investable theme 3. savings rate likely lower for a while; some stress in rent and credit card delinquencies 4. investor optimism high, low recession expectations 5. market breadth low, but likely to improve based on earnings expectations 6. value versus growth - value looking more optimistic 7. alternative investments have merit 8. election income tax themes - data versus narrative