Charts & Chat - October 16, 2023
Eric Boyce • October 16, 2023
This week, CEO Eric Boyce, CFA discusses the following charts: 1. the latest CPI inflation report, trends, rents, wages and food prices 2. cost of credit moving materially higher 3. impact of higher interest rates offset by higher earnings and growth estimates 4. older generations helping to support consumption 5. the evolution of private credit continues - trends and observations 6. equity risk premium very low right now - part of the reason of recent equity volatility 7. equity sentiment weak (contrarian indicator) - market may be short term sold

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




