Charts & Chat August 27, 2023

This week, CEO Eric Boyce, CFA discusses: 1. historical dividend contribution to total stock market return 2. real yields are headwind for stocks; return still concentrated in the "magnificent 7" 3. manufacturing date relatively strong following weak stretch; investment trends are positive 4. US debt levels, interest expense as percent of spending will become a problem over time 5. housing market feeling the impact of higher rates and lower affordability 6. some stress in credit markets beginning to appear 7. China's secular problem compounding current weakness