# Jason Colodne of Colbeck Capital’s April 3 Market Rewind
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-04-05
Category: INVESTING
Category URL: https://financedigest.com/category/investing
Meta Title: Economic Snapshot: Mixed News for Q1 2022
Meta Description: Stay informed with insights on the economy, housing market, inflation concerns, and market performance from Jason Colodne, co-founder of Colbeck Capital
URL: https://financedigest.com/jason-colodne-of-colbeck-capitals-april-3-market-rewindhtml

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Jason Colodne, co-founder of Colbeck Capital Management

The past week involved mixed news about the economy and the close of the first business quarter, revealing somewhat lackluster stock performance so far in 2022 and continued inflation concerns, saysJason Colodne, [co-founder of Colbeck Capital Management](https://www.crunchbase.com/person/jason-colodne), an NYC-based private equity asset management organization focused on strategic lending.

**Economic Snapshot**

Housing [market activity appears to be less frantic than during last year’s demand boom](https://www.financedigest.com/hungarys-booming-wedding-market-doused-by-soaring-inflation.html "Hungary’s booming wedding market doused by soaring inflation"), according to the latest National Association of Realtors data, which indicates pending home sales declined in February, the fourth consecutive month of reduced transactions.

The association’s Pending Home Sales Index, which is based on [contract signings](https://www.financedigest.com/axion-swiss-bank-and-avaloq-sign-long-term-contract-for-bpo-services.html "Axion Swiss Bank and Avaloq sign long-term contract for BPO services"), decreased 4.1% to 104.9 in February. Year over year, transactions are down 5.4%.

In a statement, NAR chief economist Lawrence Yun said buyer [demand remains high and attributed the diminished transactions to the low](https://www.financedigest.com/samsungs-quarterly-profit-plunges-to-8-year-low-on-demand-slump.html "Samsung’s quarterly profit plunges to 8-year low on demand slump") number of homes for sale. Yun also predicted [mortgage rates](https://www.financedigest.com/uk-housing-market-may-face-perfect-storm-as-mortgage-rates-rise-house-prices-drop.html "UK housing market may face perfect storm as mortgage rates rise, house prices drop") would be approximately 4.5% to 5% for the remainder of 2022.

On Thursday, the Bureau of Economic [Analysis published the latest Personal Consumption Expenditures price](https://www.financedigest.com/analysis-colgate-tide-maker-pg-rejig-price-tactics-to-keep-cash-strapped-shoppers.html "Analysis: Colgate, Tide maker P&G rejig price tactics to keep cash-strapped shoppers") index — which reflects changes in the prices of goods and services purchased by consumers in the U.S. — [offering a look at inflation](https://www.financedigest.com/big-fall-in-euro-zone-inflation-offers-little-help-for-ecb.html "Big fall in euro zone inflation offers little help for ECB") across a wide range of expenses.

The index showed a 0.2% increase in February. Year over year, the index is up 5.8%. Excluding food and energy, the PCE price index rose 5.4%, compared to December 2021. Personal income in the U.S. grew by 0.5% during the month, and personal consumption expenditures (PCE) increased by 0.2%.

The Bureau of Labor Statistics’ jobs report included positive labor market news — including total [nonfarm payroll](https://www.financedigest.com/dollar-tumbles-as-u-s-nonfarm-payrolls-show-mixed-picture.html "Dollar tumbles as U.S. nonfarm payrolls show mixed picture") employment increasing by 431,000 in March.

The [unemployment rate](https://www.financedigest.com/spains-unemployment-rate-inches-up-to-12-87-in-q4-2022.html "Spain’s unemployment rate inches up to 12.87% in Q4 2022") also declined during the month to 3.6% — from February’s 3.8% — with noteworthy gains in the leisure and hospitality, professional and business services, retail trade, and manufacturing sectors.

**[Recent Market](https://www.financedigest.com/spains-santander-reaffirms-targets-in-face-of-recent-market-turmoil.html "Spain’s Santander reaffirms targets in face of recent market turmoil") Activity**

Despite somewhat uneven [market performance this week](https://www.financedigest.com/uk-property-market-braced-for-influx-of-chinese-buyers-as-golden-week-approaches.html "UK property market braced for influx of Chinese buyers as Golden Week approaches"), two of the indexes — the Nasdaq and Dow Jones — showed gains for the month. All three, however, [experienced a decline this quarter](https://www.financedigest.com/voice-quality-matters-quarter-of-employees-working-from-home-still-experiencing-regular-connectivity-issues.html "Voice Quality Matters: Quarter of Employees Working From Home Still Experiencing Regular Connectivity Issues").

On Monday, the S&P 500 rose 0.7%; it also increased on Tuesday by 1.2%. Wednesday, however, the index slid 0.6%, and [ended the day](https://www.financedigest.com/amazon-to-lay-off-staff-in-u-s-canada-and-costa-rica-by-end-of-day.html "Amazon to lay off staff in U.S., Canada and Costa Rica by end of day") — and quarter — lower on Thursday, shedding 1.6% for the day. The S&P [ended the week on a more positive note](https://www.financedigest.com/uk-house-prices-end-2022-on-a-weaker-note-after-pandemic-boom.html "UK house prices end 2022 on a weaker note after pandemic boom"), though, with what looked to be a 0.3% increase shortly after the market closed.

The [Nasdaq composite index started the week](https://www.financedigest.com/the-nasdaq-100-on-track-to-have-its-best-week-since-march-2010.html "The Nasdaq 100 On Track to Have its Best Week Since March 2010") out with a 1.3% gain. On Tuesday, it increased 1.8%, but on Wednesday, it declined 1.2%. Thursday marked a 1.5% decrease, and on Friday, the index seemed to have risen roughly 0.3%.

The Dow Jones Industrial Average [increased nearly](https://www.financedigest.com/ospt-alliance-membership-nears-100-as-it-increases-influence-on-mobility-services.html "OSPT Alliance Membership nears 100 as it Increases Influence on Mobility Services") 0.3% on Monday, and on Tuesday, rose by approximately 0.97%. Midweek, the index shed 0.2% on Wednesday, followed by a 1.6% loss on Thursday. At the close of the week, the Dow appeared to have risen 0.4% higher.

For the first time since 2019, the two-year and benchmark 10-year [Treasury note yields](https://www.financedigest.com/wall-st-indexes-mixed-treasury-yields-tick-up-as-higher-rates-loom.html "Wall St indexes mixed, Treasury yields tick up as higher rates loom") inverted on Thursday, according to CNBC, which noted the yields had actually inverted briefly two days before on Tuesday. This was for a time period some economists may not [feel was significant enough to indicate a recession](https://www.financedigest.com/consumer-durables-sector-still-feeling-the-effects-of-recession.html "Consumer durables sector still feeling the effects of recession") could occur in the following one to two years, which a yield inversion can denote.

In other investment news, although [investors may have initially thought the Federal Reserve’s impending rate](https://www.financedigest.com/uk-stocks-slip-as-rate-hike-worries-grip-investors.html "UK stocks slip as rate hike worries grip investors") increase would intensify interest in floating-rate debt, leveraged loan prices declined throughout much of March, as did demand to purchase the loans.

Collateralized [debt obligation funding](https://www.financedigest.com/navigating-the-post-brexit-debt-landscape-opportunities-for-corporate-funding.html "Navigating the post-Brexit debt landscape: opportunities for corporate funding") costs for bundled leveraged loans have also risen, particularly for higher-rated securities, according to Bloomberg, making deals that involve CDOs potentially less attractive.

**About Jason Colodne**

Jason Colodne is the senior transaction partner at Colbeck Capital Management and oversees all aspects of [investment execution](https://www.financedigest.com/french-watchdog-fines-h2o-asset-management-executives-over-tennor-investments.html "French watchdog fines H2O Asset Management, executives over Tennor investments") and portfolio management. Colodne co-founded Colbeck Capital Management as a [managing partner](https://www.financedigest.com/reckon-software-goes-from-strength-to-strength-with-appointment-of-new-partner-development-manager.html "Reckon Software goes from strength to strength with appointment of new Partner Development Manager") in 2009. [Colodne’s investment experience](https://www.f6s.com/jason-colodne) spans over two decades.

**About Colbeck** [Capital Management](https://www.financedigest.com/social-and-sustainable-capital-sasc-boosts-investment-team-with-three-new-investment-managers-hermina-popa-toyin-ogundana-and-krishna-chokshi.html "Social and Sustainable Capital (SASC) boosts investment team with three new investment managers – Hermina Popa, Toyin Ogundana and Krishna Chokshi")

Colbeck Capital Management (colbeck.com) is a leading, middle-market private [credit manager](https://www.financedigest.com/managing-trade-credit-and-insurance-in-the-context-of-international-commerce-expansion.html "Managing trade credit and insurance in the context of international commerce expansion ") focused on strategic lending. Colbeck partners with companies during periods of transition, [providing creative capital](https://www.financedigest.com/nets-acquires-polish-online-payment-service-providers-dotpay-ecard-from-mci-capital.html "Nets acquires Polish online payment service providers Dotpay/eCard from MCI Capital") solutions. Colbeck sponsors its portfolio companies through consistent engagement with management teams in [areas such as finance](https://www.financedigest.com/4-areas-of-finance-you-should-be-watching.html "4 Areas of Finance You Should Be Watching"), capital markets and growth strategies, distinguishing itself from traditional lenders. Founded in 2009 by Jason Colodne and Jason Beckman, the principals have extensive experience [investing through different market](https://www.financedigest.com/2018-property-investment-market-to-be-harder-but-more-rewarding-experts-reveal.html "2018 property investment market to be “harder but more rewarding,” experts reveal") cycles at leading institutions, including Goldman Sachs and Morgan Stanley.

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