The Proud Pound
Guest post from friend of Alhambra, Brian Cronin: REFLECTIONS ON THE EURO AND THE “PROUD” POUND If you asked most Brits what they thought about the euro, their answers would likely be short and pithy, and none too flattering. This rather insular attitude has the faint whiff of disdain. It is new, it is foreign .. read more
Weekly Economic and Market Review
The economic data last week was mixed and the market managed to give back all the gains of the week before and yet for some reason it feels like last week was a pretty good week. Why in the world would I say such a thing? Well, because the markets that aren’t stocks had some .. read more
Weekly Chart Review
Weekly Economic and Market Review
Another week of strong economic data pushed stocks to new recovery highs. We finally received some decent news on the housing market which may or may not last but the jobs picture remains fairly dismal. There is no indication that the economy is peaking here; in fact it seems that things are starting to accelerate. The .. read more
Weekly Chart Review
The Beginning of the End of Easing
The Federal Reserve raised the Discount Rate Thursday evening after the close of New York trading and the Tout TV crew immediately shifted into Oh My God! mode. Maria Bartiromo was in a tizzy trying to figure out what it all meant (as if there was any chance of that), the S&P futures traded down .. read more
