Markets

Weekly Market Pulse: Peak Pessimism?

By |2022-10-03T08:54:56-04:00October 3rd, 2022|Markets|

Goodbye and good riddance to the third quarter of 2022. That was one of the wildest 3 months I've experienced in my 40 years of trading and investing. The quarter started off great with the S&P 500 rising 14% from July 1 to August 16 but ended with a 17% swan dive into the end of the quarter. And we [...]

Weekly Market Pulse: Jerome Powell, Tough Guy

By |2022-09-26T11:50:30-04:00September 26th, 2022|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Real Estate, Stocks|

Jerome Powell wants everyone to know that he's read Paul Volcker's autobiography, "Keeping At It". He has used this phrase repeatedly since Jackson Hole, apparently believing that he needs to channel Mr. Volcker's gruff demeanor in order to get markets to do what he thinks they should do. He and others on the FOMC were not pleased with the stock [...]

Powell’s Epiphany: There is No Free Lunch p1 Intro

By |2022-09-23T14:50:15-04:00September 23rd, 2022|Markets|

I'll save the epiphany for the end. QE can work when the Fed is the buyer of last resort and then interest rates slowly go down. The market breathes a sigh of relief and the country can go about their business. But that's not what has happened in this country, especially since Q1 2020. By no means would I ever [...]

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