When we think about the challenges facing an investor today, the big problems, the things we worry about that could cause a lot more harm than some interest rate hikes, are mostly outside the United States. China is prominent this weekend because of demonstrations against their zero-COVID policies. The Chinese people appear to be pretty well fed up with the [...]
The list of problems with the crypto space is long and troublesome. Not to mention the Federal Reserve’s involvement in the crypto collapse. Steve Brennan and Alhambra CEO Joe Calhoun look lay it out.
The FTX debacle is reminding us why investment scams can happen. Steve Brennan and Alhambra CEO Joe Calhoun look at the similarity between this scam and others from the past.
Is the US economy on the verge of recession? Is it already in recession? We have several indications that the US economy is slowing and at least one that points to recession soon and maybe now. From the Conference Board's release of its Leading Economic Indicators last week: “The US LEI fell for an eighth consecutive month, suggesting the economy [...]
The collapse of FTX is shining light on corruption, influence peddling, conflict of interest, and much more. Steve Brennan and Alhambra CEO Joe Calhoun break it down.
Even in the current market, there are opportunities to invest. Steve Brennan and Alhambra CEO Joe Calhoun discuss developing trends, shifts in the stock market, and when it may be time to switch from defense to offense.
One thing I can tell you for certain about last week's big rally on Thursday and Friday: there were a lot of people who desperately wanted a good excuse to buy stocks. And buy they did after a better-than-expected CPI report Thursday morning, pushing the S&P 500 up nearly 6% on the week with all of that coming on Thursday [...]
Jerome Powell has said repeatedly that the Fed's goal is to get rates higher and leave them there for an extended period of time. He believes that the mistake of the 70s was that once higher rates snuffed out inflation, the Fed cut rates too quickly and the inflation returned. I think the mistake of the 70s was that, by [...]
Alhambra CEO Joe Calhoun has an opinion on why the market was on a roller coaster after the Fed statement last week; There’s more than one way to calculate the 10/3 yield curve, and don’t put all you hope on a single market indicator.
The FOMC met last week and did what everyone expected them to do - raised the Fed Funds rate by 0.75%. The bond and stock markets reacted not to this action but to the commentary provided by the committee in its statement and by Chairman Jerome Powell at his post meeting press conference. The former had a new phrase, a [...]
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