Cresset's Ablin: "Inflation will trend lower, with or without the Fed's help'

Money Life with Chuck Jaffe

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 some of that money was moved into gold, which did not function as expected as a hedge against inflation, but which he expects to improve in that role heading into 2023. Also on the show, Matt Hougan, chief investment officer at Bitwise Asset Management discusses the "Ethereum merge," and how it represents a significant change and upgrade in certain key cryptocurrency technologies, and what other cryptos will have to do in order to keep pace. Tom Lydon, vice chairman of VettaFi, makes a utilities fund his ETF of the Week and Chuck answers a listener's questions about refinancing and buying homes during a rapidly changing interest rate and housing market.