IJJ's Focus Doesn't Work When There's Inflation Amid Potential Rate Cuts
Source: SeekingAlpha
2025-03-13 13:07:43 ET
Summary
- IJJ has industrial, consumer cyclicals and financials as important components of its portfolio.
- The yield curve is shifting down as economic concerns mount, meaning lower rates but also iffy demand for the regional bank exposures, neither being great.
- For industrials, a relevant export base, retaliations aren't good for the topline and reflect risks to the bottom line of upping procurement costs with tariffs.
- We think the implications of economic nationalism are very difficult to predict and assess, and therefore eschew IJJ for exposures that are more indexed to services and software that aren't concerned with tariffs.
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IJJ's Focus Doesn't Work When There's Inflation Amid Potential Rate Cuts
Ijj Corp.
NASDAQ: IJJP
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