09/23/2026
This week, CEO Eric Boyce, CFA discusses key economic and market developments:
1️⃣ Energy Market Risks: Global oil inventories are declining, creating additional risk within energy markets and increasing the potential for further price pressures.
2️⃣ Fed & Dollar: Following recent inflation data, the Fed raised rates, with additional hikes expected. Higher rates are also supporting a stronger U.S. dollar.
3️⃣ Rising Yields: Interest rates and bond yields continue to move higher, increasing the cost of capital and prompting further repricing of risk. Corporate balance sheets, however, remain relatively strong.
4️⃣ Economic Data: Philly Fed data remains positive, while housing starts and consumer sentiment continue to show weakness. Retail sales, meanwhile, came in ahead of expectations.
5️⃣ Import & Export Prices: Import and export prices are running above expectations, with additional energy-related price pressures likely. Technology-related import prices are also accelerating.
6️⃣ Gold Demand: Gold ETF inflows remain strong, alongside increased central bank purchases and U.S. Treasury disinvestment. Foreign investment into U.S. markets, however, remains strong.
7️⃣ Earnings & Valuations: Earnings growth expectations remain strong, supported by both technology and energy. Industrial sector valuations have now moved ahead of technology valuations.
👉 Watch the full Charts of the Week:
https://www.boycewealth.com/thought-leadership/charts-chat-september-20-2026