Top News Headlines

  1. 129 Dead, Over 500 injured in Paris Attacks
  2. Retail stocks bludgeoned after earnings reports
  3. Republicans and Democrats Debate, America Appalled At Choices
  4. Stocks fall, bonds rally, oil craters
  5. Selfish brats protest adulthood, demand to be coddled in University demonstrations

Economic News

  1. Neil Kashkar named head of Minneapolis Fed
  2. Eurozone growth slows, industrial output down again, exports weaken
  3. US import & export prices fall again
  4. Retail sales disappoint, inventories continue to build

Random Thought Of The Week

Is there a connection between what happened in Paris this week and the demonstrations we’ve been seeing at US college campuses this week? With the random violence that has marked their lives, from 9/11 to Madrid to London to Paris, is it any wonder that today’s college student wants – demands – to be protected from the real world? Is it surprising that they want to extend their childhood and the perceived protection it offers?

Chart Of The Week

This week’s chart of the week comes from Alhambra’s new technical research partner, Momentum Structural Analysis. These charts compare the 7-10 year Treasury ETF to the High Yield ETF, just another way of looking at credit spreads. MSA concentrates, as the name implies, on momentum and in this case it favors IEF over HYG.

ief hyg

 

Broad Market Top 10 – 3 Month Returns

BROAD MARKET ETFS

MOMENTUM ASSET ALLOCATION MODEL

SPDR Sector Returns – 3 Month Returns

spdr sectors

SPDR SECTOR ROTATION MODEL

Country Returns Top 10 – 3 Month Returns

COUNTRY RETURNS

Commodity Returns Top 10 – 3 Month Returns

commodity returns

Bond Returns Top 10 – 3 Month Returns

bond returns

Stock Valuation Update

 

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“Wealth preservation and accumulation through thoughtful investing.”

For information on Alhambra Investment Partners’ money management services and global portfolio approach to capital preservation, Joe Calhoun can be reached at: jyc3@4kb.d43.myftpupload.com or   786-249-3773. You can also book an appointment using our contact form.

This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. Investments involve risk and you can lose money. Past investing and economic performance is not indicative of future performance. Alhambra Investment Partners, LLC expressly disclaims all liability in respect to actions taken based on all of the information in this writing. If an investor does not understand the risks associated with certain securities, he/she should seek the advice of an independent adviser.