Charts & Chat - September 27, 2026 | Boyce

This week, CEO Eric Boyce, CFA discusses:

1. recent bond market sell-off, rising yields across most bond categories, the forward looking risks, and the reasons behind it all

2. federal deficits, interest burden, and central bank rate expectations

3. economic growth, labor markets and C-suite surveys all support continued growth near-term

4. earnings estimates rising, valuations falling, but risks remain (increased mega cap concentration, AI expectations, etc)

5. emphasis on AI related capital spending expectations and likely sources of that funding 

6. consumer spending supported by wealth effect - withdrawals from equity market profits

7. S&P 500 price/earnings ratio match rising Fed Sentiment index. High equity market allocations by institutional investors versus increasing bearishness but individual investors. Analysts beginning to reassess corporate profit estimates