Weekly Market Pulse (VIDEO)
Alhambra CEO Joe Calhoun discusses how last week's Federal Reserve meeting contained nothing new and actually confirmed what the markets have been saying about interest rates and recession.
Alhambra CEO Joe Calhoun discusses how last week's Federal Reserve meeting contained nothing new and actually confirmed what the markets have been saying about interest rates and recession.
Gregory (Scotland Yard detective): “Is there any other point to which you would wish to draw my attention?” Sherlock Holmes: “To the curious incident of the dog in the night-time.” Gregory: “The dog did nothing in the night-time.” Sherlock Holmes: “That was the curious incident.” From Silver Blaze by Arthur Conan Doyle, 1892 It is hard to determine sometimes what [...]
Alhambra CEO Joe Calhoun talks about investor psychology toward current markets and how investor foibles never change. He also discusses the uptrend in the 10-Year Treasury and the Dollar.
History never repeats itself. Man always does. Voltaire Mark Twain is credited with a similar saying, that history doesn't repeat but it rhymes. Of course, there is scant evidence that Clemens said anything of the sort just as Voltaire may or may not have penned the quote above. But both men were much wittier than I - than most - [...]
Alhambra CEO Joe Calhoun talks about investors who sold out at the market low this summer, why you need strategy and tactics in your investment plan, and the current state of stocks, bonds, and possible recession.
Over the last few months, as the outlook for the economy turned more sour, I've used these weekly commentaries to warn you not to get too negative. Long-term investors need to have a strategy they can stick with no matter what happens, a strategy that keeps them on an even keel. If you were so nervous that you sold out [...]
How odd is this economy? Two economic reports from last week, attempting to measure essentially the same thing, reported results that were so different they could be about two different countries. At 9:45 Wednesday morning, S&P Global reported their US Services PMI for July as 47.3 versus June's 52.7, a sudden and large one-month drop. When they reported the preliminary [...]
Alhambra CEO Joe Calhoun discusses negative investing trends, last week’s negative GDP report, and the outlook for future rate increases by the Federal Reserve.
It all became very clear to me sitting out there today, that every decision I've ever made, in my entire life, has been wrong. My life is the complete opposite of everything I want it to be. Every instinct I have, in every aspect of life, be it something to wear, something to eat... It's all been wrong. Every one. [...]
Where there is no hope it is incumbent on us to invent it. Albert Camus The economic data released last week was almost uniformly bad. We started the week with the NAHB Housing Index, a measure of builder sentiment, which fell from 67 to 55, much less than expected. Next up was more news on the housing market with starts [...]
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