It's been quite a bull run since the November lows, but now the US market has corrected and finds itself right at its short-term upward trend line. While its a toss up to pinpoint market direction from here, the US market, particularly the S&P 500, looks solid technically. Every other world market highlighted is at least under its 50-day moving [...]
The US Dollar looks poised to correct, as the index failed at its 50-day moving average. Inversely, the Euro bounved off its 50-day and is set to test the 200-day at the 136 level. The British Pound bounced off the 200-day MA on its way to establishing a new uptrend. The Japanese Yen continued its downward march, after the Japanese [...]
The following is a presentation of current asset allocation and performance for Alhambra Investment Partners Tactical Strategies as of 3/31/2012. The performance presentation represents the gross of fees, time-weighted return versus each portfolio's designated benchmark. The performance represents the underlying modeled strategy of client accounts at Folio Institutional. Global Opportunities [...]
This week, one particular article sparked an intense internal dialogue about some of the global economic realities that have us concerned. The article is from Peking University’s Professor Michael Pettis. Prof. Pettis opines that Chinese citizens would rather save than spend and that Japan, who has recently run a current account deficit, would prefer to run a surplus. In China, [...]
GSCI Commodity Index: ((GSG)) Includes Energy (71%), Agriculture (14%), Industrial Metals (7%), Livestock (4%), and Precious Metals (4%) Energy: ((JJE)) Includes Natural Gas, Crude Oil, Heating Oil, and Unleaded Gas Grains: ((JJG)) Includes Corn, Wheat, and Soybeans Industrial Metals: ((JJM)) Includes Aluminum, Copper, Nickel, and Zinc Precious Metals: ((JJP)) Includes Gold and Silver Softs: ((JJS)) Includes Coffee, Cotton, and Sugar
Joseph Gomez, Sr. Investment Adviser and Portfolio Manager As we close out the quarter next week, expect to see plenty of window dressing as portfolio managers want their clients to see that they have stocks on the books during such a strong quarter for the market. Window Dressing is a strategy used by mutual fund and portfolio managers near the year or quarter [...]
Let me preface this post by saying that this is not an attack piece on differing investment styles or those approaches that are deeply rooted in academic research. However, the greatest investors of all time have one thing in common which I hope will become clear by the end. The people I am refer to are considered by many as [...]
The Alhambra is a Moorish palace and fortress complex in southern Spain, a symbol of wealth and refuge for centuries, lauded for its mix of Islamic and Christian architecture in a natural setting. Moorish poets described it as "a pearl set in emeralds," in allusion to the color of its buildings and the woods around them. Withstanding years of social unrest, [...]
Some important items to take away from this week: The Greek 170bln bailout package was finalized. The Fed assessed the economy as improving and instituted no new monetary programs and will continue to reinvest principal and roll over expiring treasuries at auction. Fed Press Release Commercial and Industrial loan growth is robust and the latest round of bank stress test [...]
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