Charts & Chat - October 30, 2023
Eric Boyce • October 30, 2023
** Note: Be on the look out for some summary comments from my two investment conferences over the past two weeks in a special version of Market Minutes **
This week, CEO Eric Boyce, CFA discusses: 1. Better than expected GDP report and the internal data behind it - especially consumption 2. Regional Fed survey data showing sluggish signs; global backdrop more favorable right now 3. Purchasing Managers data (PMI) stronger 4. Rates are more restrictive than short term rates would suggest 5. Equity market likely near-term oversold; Gold acting stronger

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



