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CJ Update – June 3, 2022

Peak Inflation Ahead? Not Without Peak Housing Last week, we referenced signs pointing to a pause and eventual end to the historic rise in housing prices, a major contributor to the inflation currently weighing on the economy. The Fed’s shift in monetary policy has pushed mortgage rates significantly higher these past two months. The resulting decline in mortgage applications and home sales are indications of what we believe will be the arrival of Peak Housing, a key factor in tempering…

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CJ Update – December 31, 2021

Bidding Adieu to 2021 After a bit of choppy action and a bump in volatility early in the Christmas week, Santa Claus righted the sleigh and delivered the goods for those cooler-headed investors who held fast following the mid-December Fed meeting. That was the meeting where Chairman Powell announced a doubling of the pace of the taper, now ending in March, and would be adapting future policy to changing economic conditions. Nothing dramatic there. In fact, we viewed that as…

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CJ Update – May 14th, 2021

Some Perspective on Inflation Since our last Update, we’ve seen investors turn a blind eye to an impressive Earnings Season, a ransomware attack shut down a major pipeline, a semiconductor shortage slow auto production, and a stumble in the employment numbers. The market has swung between record highs and a mild pullback with some segments descending into correction and even bear market territory. There’s also the elephant in the room, the revival of inflation fears that has triggered a tug…

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CJ Update – January 8, 2021

Investors Focus on Policy, Not Politics The stock market opened the New Year with a thud rather than a bang. Monday’s sell-off could be ascribed to uncertainty surrounding the Senate election in Georgia that could impart a significant change in current US fiscal policy. Adding to the suspense is the dramatic surge in COVID cases and hospitalizations, coupled with a slower than expected vaccination rate. Monday’s unexpected election result officially ceded control of Congress to the Democrats and confirmed the…

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