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
•
April 13, 2026
This week, CEO Eric Boyce, CFA discusses: 1. final 4Q GDP revision reflects weaker year-end environment. First quarter estimates are trending down, reflecting pressure from geopolitics 2. personal income trending lower, although credit outstanding remains flat 3. PCE prices are elevated, primarily from goods prices - housing continuing to drop 4. energy market impacts from Iran conflict - disproportionate impact on lower income, Asia energy markets 5. forward looking equity returns look to be more limited, following three years of above average returns - private investments will likely play a greater role going forward 6. still a considerable gap on individuals with retirement plans, even at the higher income levels 7. earnings estimates moving higher, especially for tech firms; accordingly, tech P/E multiples back down to overall index average




