bonds

The Weekly Snapshot

By |2015-12-06T13:44:25-05:00December 6th, 2015|Alhambra Research, Bonds, Commodities, Markets, Stocks|

Top News Headlines 1. Terrorist attack in San Bernardino; 14 dead, 21 wounded. Husband and wife terrorist team killed in shootout. President Obama to address nation. 2. ISIS claims terrorists were supporters. 3. OPEC meets, no agreement on output. 4. Wild ride as US data and ECB roil markets. Economic News 1. ECB cuts rates, extends QE, markets demand more. [...]

Bond Complacency

By |2015-11-29T00:50:17-05:00November 29th, 2015|Bonds, Economy, Federal Reserve/Monetary Policy, Markets|

This chart from our strategic macro research partner shows the incredible length of stimulus.     Has the current, prolonged period of unchanged FED policy rate of 0% conditioned investors to think this level of interest rates is the new normal? The FOMC looks to be ready to embark on a period of raising interest rates. If 10 yr bond yields [...]

The Weekly Snapshot

By |2015-11-27T14:35:03-05:00November 27th, 2015|Alhambra Research, Bonds, Commodities, Markets, Stocks|

Top News Headlines Turkey and Russia spar over airspace. Russian promises retaliation for fighter shoot down. Brussels shuts down for days in terrorist hunt. Chicago policeman charged with murder. Stocks little changed on the week, no follow through from last week's rally. Pfizer, Allergan agree to merge for tax benefits, politicians posture, threaten. Economic News Japan unveils new stimulus measures. [...]

The Weekly Snapshot

By |2015-11-22T10:39:17-05:00November 20th, 2015|Alhambra Research, Bonds, Commodities, Markets, Stocks|

Top News Headlines Paris terrorists dispatched; hostage crisis in Mali ends with 27 dead. Stocks have a big week, up over 3%. Fed minutes are dovishly hawk-like. United Health says losing millions on Obamacare, may pull out of exchanges next year. Israeli spy Jonathan Pollard released from US prison. Square prices IPO at half off last private funding round giving [...]

The Weekly Snapshot

By |2015-11-15T13:11:08-05:00November 15th, 2015|Alhambra Research, Bonds, Commodities, Markets, Stocks|

Top News Headlines 129 Dead, Over 500 injured in Paris Attacks Retail stocks bludgeoned after earnings reports Republicans and Democrats Debate, America Appalled At Choices Stocks fall, bonds rally, oil craters Selfish brats protest adulthood, demand to be coddled in University demonstrations Economic News Neil Kashkar named head of Minneapolis Fed Eurozone growth slows, industrial output down again, exports weaken [...]

The Weekly Snapshot

By |2015-11-07T12:20:33-05:00November 7th, 2015|Alhambra Research, Bonds, Commodities, Markets, Stocks|

Top News Headlines Obama sticks a fork in Keystone after company withdraws request. Valeant troubles continue; CEO sells stock after margin call. Bill Ackman having a very bad month. DOJ ratchets up scrutiny of drug pricing. Seeking information from MRK, LLY and, of course, VRX. Berkshire Hathaway's profit more than doubles; other earnings news last week was pretty poor. Economic [...]

The Weekly Snapshot

By |2015-10-30T14:41:58-04:00October 30th, 2015|Alhambra Research, Bonds, Commodities, Markets, Stocks|

Top News Headlines October best month for stocks in four years. Valeant troubles continue. Pfizer, Allergan consider merger. Earnings, earnings, earnings. CNBC botches Republican debate. Debt deal reached between President and Republicans. Economic News Fed leaves rates unchanged; statement points to December hike. Yeah, right. BOJ leaves QE program as is. GDP disappoints at 1.5% for 3rd quarter. New and [...]

The Weekly Snapshot

By |2015-10-25T11:04:03-04:00October 24th, 2015|Alhambra Research, Bonds, Commodities, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

Top News Headlines Paul Ryan running for Speaker of the House. Old tech blows out earnings estimates; GOOGL, AMZN and MSFT lead the way. Huge hurricane heads for Mexico. Hillary testifies, Republicans look stupid.....again. Mets sweep the Cubs; my friend Jim sighs. Economic News ECB hints at more QE; stocks soar. China cuts interest rates and reserve requirements; stocks soar. [...]

Bi-Weekly Economic Review

By |2015-10-23T14:31:29-04:00October 23rd, 2015|Alhambra Research, Bonds, Commodities, Currencies, Economy, Markets, Stocks|

Economic Reports Scorecard – 10/12/15 to 10/24/15 The bifurcated nature of the economy is on display for all to see in the economic data from the last two weeks. Manufacturing continues to struggle as shown by the Fed surveys, the CFNAI, IP and inventories. Meanwhile, housing continues to improve in both the existing home and new home side of the [...]

The Calm Before The Storm?

By |2015-10-18T19:06:38-04:00October 18th, 2015|Bonds, Commodities, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

Stocks rallied again last week, up a bit less than 1% as weak economic data pushed out - again - expectations for the first Fed rate hike to March of next year. I suspect this won't be the last week that sees that time line extended although whether that translates to higher stock prices is more questionable. In looking through [...]

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