Weekly Market Pulse (VIDEO)
Alhambra CEO Joe Calhoun talks about the uncertainty in the market and whether this is a time to embrace risk or opportunity.
Weekly Market Pulse: Risk, Uncertainty & Opportunity
Dimon says brace for U.S. economic 'hurricane' due to inflation "It's a hurricane," Dimon told a banking conference, adding that the current situation is unprecedented. "Right now, it's kind of sunny, things are doing fine. Everyone thinks the Fed can handle this. That hurricane is right out there down the road coming our way. We just don't know if it's [...]
No Pandemic. Not Rate Hikes. Doesn’t Matter Interest Rates. Just Globally Synchronized.
The fact that German retail sales crashed so much in April 2022 is significant for a couple reasons. First, it more than suggests something is wrong with Germany, and not just some run-of-the-mill hiccup. Second, because it was this April rather than last April or last summer, you can’t blame COVID this time. Something else is going on.In America, the [...]
May Payrolls (and more) Confirm Slowdown (and more)
May 2022’s payroll estimates weren’t quite the level of downshift President Phillips had warned about, though that’s increasingly likely just a matter of time. In fact, despite the headline Establishment Survey monthly change being slightly better than expected, it and even more so the other employment data all still show an unmistakable slowdown in the labor market. What’s left open [...]
ADP Front-Runs BLS and President Phillips
It’s gotten to the point that pretty much everyone is now aware of the risks. Public surveys, market behavior, on and on, hardly anyone outside politics thinks the economy is in a good place. Gasoline, sentiment, whatever, Euro$ #5 in total is much more than what’s shaping up inside the American boundary. Globally synchronized of which the US is proving [...]
Can’t Blame COVID For This One
Late in March 2021, then-German Chancellor Angela Merkel announced a reverse. Several weeks before that time, Merkel’s federal government had reached an agreement with the various states to begin opening the country back up, easing more modest restrictions to move daily life closer to normal. But with case counts sharply rising once more, the whole thing was going to get [...]
President Phillips Emerges To Reassure On Growing Slowdown
Just the other day, President Biden took to the pages of the Wall Street Journal to reassure Americans the government is doing something about the greatest economic challenge they face. Biden says this is inflation when that’s neither the actual affliction nor our greatest threat. On the contrary, recession probabilities have sharply risen as the real economy slows down given [...]
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.
Follow China’s True Line
It’s a broken a record, the macro stylus stuck unable to move on, just skipping and repeating the same spot on the vinyl. Since Xi Jinping’s lockdowns broke it, as it’s said, when Xi is satisfied there’s zero COVID he’ll release the restrictions and that will fix everything. The economy will go right back to good, like flipping a switch.Where [...]
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 [...]
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