This week, CEO Eric Boyce discusses:
1. The implications of the recent rate cut by the Federal Reserve
2. Global growth expectations remain weak despite considerable easing by foreign central banks
3. Economic and earnings growth expected to continue; investor optimism high; potential for volatility heading into election
4. Gold at a new high; dollar is range bound but perhaps moving lower with rate decreases
5. wage growth no longer decelerating; increase apartment supply should keep rents falling
6. Philly Fed manufacturing looking up; manufacturing tends to improve following the first rate cut
7. mortgage rates falling; increased home supply helping to normalize conditions in residential real estate
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