Alhambra Research

Monthly Macro Monitor: The Tempest

By |2019-10-23T15:08:26-04:00May 13th, 2019|Alhambra Research, Bonds, Commodities, Currencies, Economy, Markets|

The Trump administration raised tariffs last week from 10% to 25% on $200 billion worth of Chinese goods and are considering tariffs on another $300 billion of Chinese goods. The Chinese retaliated this morning, raising tariffs to 25% from 5% and 10% on various goods totaling $60 billion. Obviously, the trade negotiations are not going well. Stock markets around the [...]

Monthly Macro Monitor: Well Worried

By |2019-10-23T15:08:28-04:00March 26th, 2019|Alhambra Research, Bonds, Commodities, Currencies, Economy, Markets|

Don't waste your time worrying about things that are well worried. Well worried. One of the best turns of phrase I've ever heard in this business that has more than its fair share of adages and idioms. It is also one of the first - and best - lessons I learned from my original mentor in this business. The things [...]