Alhambra Research

Monthly Macro Monitor – June 2020

By |2020-06-17T10:47:36-04:00June 17th, 2020|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Real Estate, Stocks, Taxes/Fiscal Policy|

The stock market has recovered most of its losses from the March COVID-19 induced sell-off and the enthusiasm with which stocks are being bought – and sold but mostly bought – could lead one to believe that the crisis is over, that the economy has completely or nearly completely recovered. Unfortunately, other markets do not support that notion nor does [...]

Market vs Economy: A Time Mismatch

By |2020-05-18T17:23:53-04:00May 18th, 2020|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Real Estate, Stocks, Taxes/Fiscal Policy|

“Intelligence is the ability to adapt to change.” Stephen Hawking ? The economic news over the last month has been as awful as anyone alive has ever seen. Unemployment has risen from 3.5% to 14.7% since February with nearly 15 million Americans filing for jobless benefits in the last month alone. The CFNAI hit its third-worst reading ever and that [...]

Do We Need A “New” Capitalism?

By |2020-04-30T08:34:36-04:00April 30th, 2020|Alhambra Research, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Taxes/Fiscal Policy|

Everyone, or at least all the right-thinking people, believes that capitalism needs to be reformed. Elizabeth Warren calls her version Accountable Capitalism. Marco Rubio dusted off an 1891 speech by Pope Leo to advocate what he calls Common Good Capitalism. Both are attempts to correct what these lawyers see as flaws in the current incarnation of economic organization that is [...]

OPEC + Reality

By |2020-04-22T13:54:52-04:00April 21st, 2020|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Real Estate, Stocks|

Two weeks ago, OPEC+ and the US came to a deal to cut crude oil production. President Trump hailed the deal, saying it would save “hundreds of thousands” of oil patch jobs. The Texas Railroad Commission meets today to “consider” a cut in oil production in the Lone Star state. Meanwhile, the market has made all this high-level negotiating irrelevant, [...]

The Dichotomy of Market Sentiment

By |2020-04-06T14:43:44-04:00April 6th, 2020|Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Financial Planning, Markets, Real Estate, Special Reports, Stocks|

It doesn’t take much effort to find bearish sentiment about stocks or the economy right now. CNN’s Fear & Greed Index, an amalgam of seven discrete market sentiment indicators, is still in the “Extreme Fear” zone. Generally, market bottoms are associated with extreme fear while tops are associated with extreme greed. And it generally works; the gauge was pegged in [...]

Regime Change

By |2020-03-23T08:06:50-04:00March 23rd, 2020|Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Real Estate, Special Reports, Stocks, Taxes/Fiscal Policy|

Stocks took another beating last week as the scope of the coronavirus shutdown started to sink in. The S&P 500 was down 15% last week with most of that coming on Monday after the Fed’s emergency rate cuts. Our accounts performed much better than that, but were still down on the week as corporate and municipal bonds continued to get [...]

SPECIAL REPORT: The Yield Curve And What It Means

By |2020-01-31T12:38:07-05:00January 31st, 2020|Alhambra Research, Special Reports|

The Yield Curve Inverted! Recession is Coming! Note: We first posted this research paper in August 2019, when the yield curve inverted for the first time in the current economic cycle. Well, it inverted once again yesterday, so... Do you need to worry about the yield curve inversion? Not if you have a strategy appropriate to your circumstances. Not if [...]

SPECIAL REPORT: Minding The Valuation Gap

By |2020-01-27T18:12:33-05:00January 27th, 2020|Alhambra Research, Special Reports|

Stocks are expensive. Really expensive. A wide gap has opened between the stock market and economic reality, and at some point, the gap between the two will close. Our?Special Report on Market Valuations, Volume 4 in Jeff Snider's "Follow The Money" series, will help you detail how it might look when it inevitably closes, and will counsel you on how [...]

SPECIAL REPORT: 2019 In Review

By |2020-01-08T09:48:34-05:00January 8th, 2020|Alhambra Research, Special Reports|

No one knows what the future holds. Not me, not you, and certainly not Wall Street. But while the future is impossible to see, the present is clear for anyone willing to listen to the story the market tells every day.? Here's what it said in 2019: Click?here?to download?“2019 In Review: Year End Economic Assessment”?(Sign-Up Required). ? This report includes [...]

Go to Top
欧美色在线精品视频/欧美人体/六月婷婷/无尽动漫在线观看免费韩国