Charts & Chat - August 25, 2024
Eric Boyce • August 25, 2024
This week, CEO Eric Boyce, CFA discusses: 1. AI stock earnings decelerating; market leadership may change; 2. revenue growth in line, although some sectors slowing; recession indicators falling; consumption and savings updates by income cohort 3. capital spending patterns look favorable; some pockets of consumer delinquency (auto loans) 4. bulls outweigh bears; individual stock ownership at high point 5. Real interest rates continue to climb; high probability of rate cut next month...question is how much to cut and how many cuts before the end of the year 6. crude oil stocks low, although domestic production is near peak; weaker price outlook

By Eric Boyce
•
September 21, 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





