Charts & Chat - September 8, 2025
Eric Boyce • September 9, 2025
This week, CEO Eric Boyce, CFA discusses:
1. labor market is losing some steam, especially in tariff-impacted sectors; job growth falling short of breakeven
2. downside risk to payroll growth, unemployment next few months
3. housing market remains challenged due to affordability; prospective buyer traffic/builder confidence weak
4. rise in prime and subprime auto loans as a proxy for credit conditions
5. valuations higher based on price/sales, price/book and price/earnings
6. deceleration of growth in Mag 7 stocks; however, concentration of Mag 7, media and telecom create strong influence over the S&P 500








