Charts & Chat - May 27, 2025

This week, CEO Eric Boyce, CFA discusses:

1. changing estimates of the hard versus soft landing for the economy & status of leading economic indicators

2. elevated inflation expectations and declining consumer sentiment

3. the impending impact of higher tariffs on goods vs services spending and economic growth

4. most recent 20-year treasury auction resulted in higher yields due to lower international demand

5. retail stock investors more optimistic amidst decelerating corporate earnings and cash flow

6. valuation and growth compelling in the private sector, as deal flow slowly improves

7. continued discussion on national debt and unsustainable deficits

8. Detail on housing market trends - starts are down, supply is up, prices at six month low

9. Home builder sentiment remains weak, with affordability issues persistent

10. Tremendous equity ($34T) tied up in Real Estate