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
•
September 21, 2026
This week, CEO Eric Boyce, CFA discusses: 1. global oil inventories are falling, creating additional risk within the energy markets 2. Fed rate increase this past week following inflation data, more hikes expected. Dollar strong as a result 3. interest rates and yields rising, impacting cost of capital and risk repricing. Corporate balance sheets remain strong, though 4. Philly Fed data positive; housing starts and sentiment remain weak; retail sales ahead of expectations 5. Import and export prices above expectations, more energy related price impacts likely. Tech import prices accelerating 6. gold ETF inflows strong, more central bank gold investment and US Treasury disinvestment; foreign investment remains strong, however 7. earnings growth expectations remain very strong, anchored by tech AND energy; industrial valuations now ahead of tech





