Charts & Chat - November 17, 2024
Eric Boyce • November 17, 2024
This week, CEO Eric Boyce, CFA discusses:
1. potential trade implications of the Trump 2.0 administration
2. recent inflation reports reflect sticky inflation influenced by a handful of components, overall trend remains down, however.
3. real wage growth positive, delinquencies picking up tho
4. US dollar accelerating; commodity prices are a mixed bag; oil, gasoline stocks are low
5. risk asset valuations & expectations are high, yet volatility remains low - some near term risk there...
6. significant opportunity in small cap and international stocks - just needs a catalyst
7. short term interest rates expected to drop 0.5% next 12 months; overall rates moving higher & reversing earlier 2024 trends

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




