Based on their in depth research and access to global economic data, our Strategic Macroeconomic Research Partner recommends the following portfolio positioning. Asset Allocation Regional Exposures Sector Exposures Fixed Income Click here to sign up for our free weekly e-newsletter. For information on Alhambra Investment Partners' money management services and global [...]
Top News Headlines Hillary debates aging hippie Sanders and some other guy. Dell to buy EMC in biggest tech deal ever, assuming bond market is agreeable. Walmart earnings take a dive, stock follows. Gold turns positive for the year. Economic News China trade figures disappoint. US PPI and CPI both negative on the month. Inflation? What inflation? Retail sales up [...]
It has been a point of frustration for many of us in the financial industry that corporate tax reform has taken a back seat to “Fed watching” and political sparring. Mediocre U.S. economic growth during this expansion has been blamed on many different factors, the Fed’s policies, demographics, geopolitical issues, post-traumatic stress from the financial crisis, you name it. It [...]
Top News Headlines Russia, Iran surge into Syria; Obama blusters Obama signs stop gap funding bill; vows to veto any more short term extensions over debt limit. Hurricane Joaquin tracks up US east coast; Trump vows to deport if makes landfall. Education Secretary Aren Duncan steps down having accomplished nothing. Economic News Employment gains fading, unemployment rate steady, no wage [...]
Top News Headlines House Speaker Boehner resigns Pope visits the US, speaks to Congress VW cheated on emissions tests, CEO resigns Chinese President Xi visits US. Fires trip planner as Pope steals the spotlight Economic News Existing home sales dip, new home sales rise Manufacturing data continues weak; Richmond and KC Fed surveys negative, durable goods disappoint Chicago Fed National [...]
Economic Reports Scorecard – 9/14/15 to 9/25/15 If you want a good explanation for why the Fed didn't hike interest rates last week, just take a look at all the red in that chart. They might have cited international concerns but the reality is that the US economic data isn't all that robust either. Okay, things aren't as bad as [...]
Top News Headlines Pope visits Cuba, Raul Castro praises pontiff's focus on climate change, inequality. Migrant influx to Europe continues. Republicans debate. Fiorina gains traction, Trump still center of attention. Stocks fall on growth worries, gold rallies. AB Inbev offers to buy SAB Miller. Economic News Fed chickens out, keeps rates unchanged. Hewlett Packard to cut another 30,000 jobs. Manufacturing [...]
Top News Headlines BIS Quarterly Report: China slowdown, strong and rising dollar threaten emerging markets. European migrant crisis continues; Germany tightens border security. Stocks rally 2% ahead of Fed meeting. Apple unveils new products Economic News Brazil's debt rating cut to junk. IMF adds its name to very long list of Keynesians begging Yellen to hold off on rate hikes. [...]
Economic Reports Scorecard – 8/31/15 to 9/11/15 The majority of the reports from the last two weeks were worse than expected but the overall view of the economy hasn't changed much. Manufacturing, with the exception of autos, continues to struggle and the majority of the pain is centered in the oil patch as evidenced by the awful Dallas Fed report. [...]
The risk budget this month is unchanged. For the moderate risk investor, the allocation between risk assets and bonds remains at a defensive 40/60 versus the benchmark of 60/40. Credit spreads continued to widen over the last month but the rate of change is still orderly. The change this month was not sufficient to trigger an additional sell signal. Valuations [...]
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