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Podcast: Money Life with Chuck Jaffe
Episode: Cresset's Ablin: "Inflation will trend lower, with or without the Fed's help'
Description: Jack Ablin, chief investment officer at Cresset Capital Management, says that he believes current inflation-rate statistics are over-stating the problem, caused in part by backward-looking data mixed with the human nature of forward-looking investors. He expects a step-back in inflation measures, though it may be 2023 before that happens. Meanwhile, Ablin says that the market's reaction to Tuesday's Consumer Price Index news was overdone, but he expects the market to trend lower and while he's still investing in equities, he's keeping some money on the sidelines waiting for conditions to improve. And speaking of the sidelines, Ablin talks about how...