Joseph Y. Calhoun

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So far Joseph Y. Calhoun has created 2022 blog entries.

Global Asset Allocation Update – September 2018

By |2018-09-10T16:11:22+00:00September 10th, 2018|Alhambra Research, Global Asset Allocation Update|

The risk budget is unchanged again this month. For the moderate risk investor, the allocation between bonds and risk assets is 50/50. Decoupling anyone? That’s what the market is whispering right now, that the recent troubles in foreign economies is contained and won’t affect the US. The most obvious example of that trend is the [...]

Monthly Macro Monitor – August 2018

By |2018-08-15T13:36:41+00:00August 15th, 2018|Alhambra Research, Bonds, Commodities, Currencies, Economy, Markets, Monthly Macro Monitor, Stocks|

The Q2 GDP report (+4.1% from the previous quarter, annualized) was heralded by the administration as a great achievement and certainly putting a 4 handle on quarter to quarter growth has been rare this cycle, if not unheard of (Q4 '09, Q4 '11, Q2 & Q3 '14). But looking at the GDP change year over [...]

Global Asset Allocation Update

By |2018-08-02T09:20:03+00:00August 1st, 2018|Alhambra Research, Bonds, Commodities, Currencies, Global Asset Allocation Update, Investing, Markets, Real Estate, Stocks|

The risk budget is unchanged again this month. For the moderate risk investor, the allocation between bonds and risk assets is evenly split. The only change to the portfolio is the one I wrote about last week, an exchange of TIP for SHY. Interest rates are on the rise again, the 10-year Treasury yield punching [...]

Bi-Weekly Economic Review

By |2018-07-19T18:59:24+00:00July 19th, 2018|Alhambra Research, Bonds, Commodities, Currencies, Economy, Markets, Monthly Macro Monitor, Politics|

This will be a fairly quick update as I just posted a Mid-Year Review yesterday that covers a lot of the same ground.  There were, as you'll see below, some fairly positive reports since the last update but the markets are not responding to the better data. Markets seem to be more focused on the [...]