Weekly Market Pulse (VIDEO)
With a big run-up in the market last week, Alhambra CEO Joe Calhoun talks about what to do if the Bear Market is over and if it isn't.
Weekly Market Pulse: Is The Bear Market Over?
Stocks had a rip snorter of a rally last week and a lot of people are pondering the question in the title over this long weekend. The S&P 500 was down 20.9% from intraday high (4818.62, January 4th) to intraday low (3810.32, May 20th). From that intraday low the market has risen 9.1% in just six trading days. That still [...]
Is It Being Demanded?
Shipping container rates have been dropping since early March – right around the time when we had just experienced our “collateral days” and then stood by to witness chaotic financial fireworks, inversions, the whole thing. The bane of the logistical supply-side snafu-ing, it has been container redistribution mucking the goods economy up. The recent and sharp decline in container rates, [...]
Weekly Market Pulse (VIDEO)
Alhambra CEO Joe Calhoun responds to pundits who say recession is inevitable. Plus discussion about changes to Alhambra portfolios.
Weekly Market Pulse: Inevitable?
Inevitable adjective incapable of being avoided or evaded I heard that word a lot last week. There is now a fully formed consensus that the US, and indeed the world, now faces an inevitable recession. It can't be avoided. Central banks will have to keep hiking rates because that's the only way to kill inflation. Yes, the inflation is due [...]
Weekly Market Pulse (VIDEO)
Alhambra CEO Joe Calhoun discusses the craziness of the latest "Free Lunch" investment, plus last week's market and the effects of the dollar, credit spreads, and commodities.
Weekly Market Pulse: TANSTAAFL
TANSTAAFL is an acronym for "There ain't no such thing as a free lunch". It has been around a long time - Rudyard Kipling used it in an essay in 1891 - but it was popularized by Robert Heinlein's 1966 book, "The Moon is a Harsh Mistress". In economics, it most often refers to tradeoffs or opportunity costs; resources are [...]
Industrial Synchronized Demand
Are the industrial commodities starting to get a whiff of demand side rejection? Short run trends suggest that this could be the case. From copper to iron and the highest (formerly) of the high flyers, aluminum, this particular group has been exhibiting a rather synchronized setback going back to the end of March, start of April.This despite supply bottlenecks and [...]
Weekly Market Pulse (VIDEO)
Real interest rates have turned positive for the first time in 2 years. Alhambra CEO Joe Calhoun describes two big implications for investors. <iframe width="560" height="315" src="https://www.youtube.com/embed/5fhSGIWC4TA" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
Weekly Market Pulse: Fat Pitch?
Something very important happened last week. No, it had nothing to do with the stock market, at least not directly. There was a lot of volatility in stocks last week but in the end, the S&P 500 was down a mere 21 basis points (0.21%). Yes, growth stocks continued their march toward reality with the NASDAQ 100 down 1.25% but [...]
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