Charts & Chat - September 20, 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