Charts & Chat - June 9, 2024

Eric Boyce • June 9, 2024

This week, CEO Eric Boyce, CFA discusses:

  • Gold performance relative to bonds and size of government budget; increase of gold in use as reserve asset

  • Labor force participation and debt levels, and increased treasury issuance

  • yield curve dynamics and lack of breadth evident in equities; equity risk premium very low relative to bonds

  • diversification benefits from other asset classes, foreign markets

  • residential home price declines, office vacancy and the looming debt cliff for commercial real estate

  • job market in good shape but softening; consumer spending rising but so are delinquencies

  • small banks responding to balance sheet issues

  • disinflation tendencies in place - need patience



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