Charts & Chat - March 22, 2026
This week, CEO Eric Boyce, CFA discusses:
1. economic growth estimates are being adjusted in light of the Iran conflict; meanwhile, earnings estimates for public companies continue to rise
2. rates on hold in latest Fed FOMC meeting, rate cuts off the table for now, replaced by increasing risk of increase (following global central banks)
3. Philly Fed data remains expansionary; wholesale inventories down, factory orders up
4. Producer prices blow through expectations, powered by good prices
5. no significant sign of "sell America" in the markets; continued foreign investment
6. global volatility higher, especially foreign markets; some US markets in correction, S&P 500 below 200 day moving average
7. valuations off peaks; stocks historically trough 2-3 weeks after geopolitical event...will this one follow trend?
8. energy, commodity prices higher, although gold/silver well off highs
9. bond market pricing much higher 12 month inflation than is predicted by Fed/Wall Street; meanwhile, yield curve is flattening





