Charts & Chat - December 1, 2024

CEO Eric Boyce, CFA discusses:

1. inflation expectations continue to fall

2. regional Fed surveys of manufacturing are looking better

3. capital spending increasing for non-technology firms

4. valuation gap between Mag 7 tech firms and rest of market; however, that gap is narrowing and breadth is improving

5. interesting that private multiples are contracting at the same time that public company multiples are expending

6. very high equity ownership on the part of the investing public

7. opportunity in foreign and emerging markets although value realization catalysts are varied

8. 2025 forecasts call for anywhere from 8.5 - 16% S&P 500 growth next year on increased earnings and relatively flat multiple growth...