Economy

Weekly Market Pulse: The Economic Hippocratic Oath

By |2025-09-22T06:58:56-04:00September 21st, 2025|Alhambra Portfolios, Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Newsletter, Real Estate, Stocks|

The Federal Reserve's Open Market Committee met last week with both Lisa Cook and Stephen Miran voting (more on that later). The committee lowered the target for the federal funds rate by 25 basis points and hinted at future cuts: Recent indicators suggest that growth of economic activity moderated in the first half of the year. Job gains have slowed, [...]

Weekly Economic Pulse: Meh

By |2025-09-17T06:27:03-04:00September 16th, 2025|Alhambra Research, Bonds, Economy, Federal Reserve/Monetary Policy, Markets, Newsletter|

With the dollar index and interest rates in downtrends, it seems the US economy is slowing absolutely and relative to the rest of the world. The slowdown, so far, doesn't look that severe and we are likely to get a rate cut from the Fed this week. Last September, the Fed surprised the market with a 50 basis point cut [...]

Weekly Market Pulse: Nuance Is Subtle

By |2025-09-15T07:30:32-04:00September 14th, 2025|Alhambra Portfolios, Alhambra Research, Bonds, Commodities, Currencies, Economy, Markets, Newsletter, Real Estate, Stocks|

Nuance: A subtle difference in or shade of meaning, expression, or sound. A subtle difference or variation. The origin of the word nuance is a Latin word, "nubes", which means cloud. It is also from the French "nuer" which means "to shade". Why am I parsing the meaning and origin of the word nuance? Because we seem to have lost [...]

Weekly Market Pulse: The Slowdown Continues

By |2025-09-08T15:08:13-04:00September 7th, 2025|Alhambra Portfolios, Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Newsletter, Real Estate, Stocks|

I've said many times that no one should pay much attention to the monthly payroll figures because they are barely more than wild guesses, something the current administration's economic team only recently discovered. Last week's report for August, by itself, doesn't mean much and will be revised so I wouldn't put much emphasis on it. What investors should pay attention [...]

Weekly Market Pulse: The Sound Of Silence

By |2025-09-02T09:04:51-04:00September 1st, 2025|Alhambra Portfolios, Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Newsletter, Real Estate, Stocks|

When I first got in this crazy business nearly 35 years ago, an older advisor took me under his wing and shared with me all that he had learned over his 40+ year career. One of the first things he told me was that I shouldn't worry about the things that everyone else was worrying about. Those things were "well [...]

Go to Top