I wanted to update my previous post to add some groups helping with Hurricane Helene relief. I've highlighted some animal charities at the top; thanks Barbara for reminding me that the animals are stressed too. Please donate if you can. We will be posting more on the relief efforts over the coming weeks. I went through many hurricanes as a [...]
I have been visiting the Asheville, NC area since I was in college back in the late 70s and spent a lot of time up there hiking and camping. I have been back repeatedly over the years and Alhambra has a number of clients in that area. I have spoken with people in the Asheville and eastern TN area and [...]
Unfortunately, I will not be posting a detailed commentary this week. I live in SC, near Augusta, GA and we were hit pretty hard by Hurricane Helene. Our power has been out since early Friday morning but the good news is that our damage was confined to a lot of down tree limbs and one, quite large, tree uprooted in the [...]
Well, they did it. The Fed cut the Fed Funds rate by 50 basis points last week and indicated that there is likely more to come. Stock investors liked it, bidding up small cap stocks (S&P 600) by 2.25%, large caps (S&P 500) by 1.4%, and the NASDAQ by 1.5%. Most other markets also did as expected with emerging market [...]
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