Northern New Jersey

Cycle Summary

Northern New Jersey sits in the Recession phase, roughly between 3:00 and 5:00 on the cycle clock. This part of the cycle is typically associated with Fear. That supports a Cautious investment posture: raise the bar for new investment and prioritize downside protection. The fundamental turn signal is turning upward, indicating that broad-based improvement may be beginning to change the market's direction, while credit conditions remain open and are not materially constraining market activity.