Your Money/Our Thoughts: A Weekly Commentary

I think we are in for a sustained inflationary period because one-third of the index is housing.

There currently are over 9 million job openings available.

As much as we would appreciate a normal distribution of stock price returns, that’s just not how the stock market game works.

The three factors are Price, Volume, and Volatility with Volatility being the most important.

We will soon start having some headwinds as people on unemployment and getting the extra $300 per month will soon lose the $300.

We don’t see a change in the Quads coming soon so it looks like smooth sailing for a while.

Yet, the number of initial jobless claimants remains at 16 million or roughly ten times the 1.7 million job unemployment claimants in January 2020.

This rapid increase in housing prices may moderate going forward.

The inflation issue comes down to exceedingly low inventories and increased demand due to the public “getting out of jail” with lots of money in their pockets