fbpx

platinum

Weekly Market Pulse: Correction?

By |2023-06-25T21:20:36-04:00June 25th, 2023|Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Real Estate, Stocks|

It appears we have started the third correction in stocks since the bottom in October of last year. The first one was in December and saw the S&P 500 fall about 8% from peak to trough. The second one was from February into mid-March and totaled about 9%. I don't know how far this one might carry but a pullback [...]

Weekly Market Pulse: This Too Shall Pass

By |2023-04-24T09:11:36-04:00April 24th, 2023|Alhambra Portfolios, Alhambra Research, Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Real Estate, Stocks, Taxes/Fiscal Policy|

What is the state of the US economy? When will this long-anticipated recession finally arrive? And when it does, what does it mean for investors? Those are the questions everyone is asking and the answers are, well, hard. Despite years - decades, centuries? - of research, there is no accurate way I know of to predict the timing or depth [...]

Weekly Market Pulse: Fear Makes A Comeback

By |2022-01-24T08:25:55-05:00January 23rd, 2022|Alhambra Portfolios, Alhambra Research, Bonds, Commodities, Currencies, Markets, Real Estate, Stocks|

Fear tends to manifest itself much more quickly than greed, so volatile markets tend to be on the downside. In up markets, volatility tends to gradually decline. - Philip Roth Be fearful when others are greedy and be greedy when others are fearful. - Warren Buffett The new year hasn't gotten off to a great start for growth stocks or [...]

Monthly Macro Monitor: Market Indicators Review

By |2019-10-23T15:08:22-04:00August 29th, 2019|Alhambra Research, Bonds, Commodities, Currencies, Markets|

This is a companion piece to last week's Monthly Macro report found here. The Treasury market continues to price in lower nominal and real growth. The stress, the urgency, I see in some of these markets is certainly concerning and consistent with what we have seen in the past at the onset of recession. The move in Treasuries is by [...]

Global Asset Allocation Update: The Certainty of Uncertainty

By |2019-10-23T15:07:28-04:00April 13th, 2018|Alhambra Portfolios, Alhambra Research, Bonds, Commodities, Currencies, Markets, Stocks|

There is no change to the risk budget this month. For the moderate risk investor, the allocation to bonds is 50%, risk assets 45% and cash 5%. Stocks continued their erratic ways since the last update with another test of the February lows that are holding - for now. While we believe growth expectations are moderating somewhat (see the Bi-Weekly Economic [...]

Global Asset Allocation Update

By |2019-10-23T15:11:45-04:00January 10th, 2017|Alhambra Portfolios, Alhambra Research, Bonds, Commodities, Currencies, Markets, Real Estate, Stocks|

Market based expectations for growth and inflation have moderated slightly since the last update. Since mid-December, interest rates - nominal and real - have fallen back, the yield curve has flattened, the dollar index has pulled back from its highs and gold has moved off its lows. In short, the Trump trade is being partially reversed as it dawns on investors [...]

The Next Phase For Gold

By |2012-08-24T10:42:29-04:00August 24th, 2012|Markets|

Precious metals prices are currently fixed on strikes at mines in S Africa. Potential unrest is pushing PM prices higher. In the current weakening global trade environment, is it possible that an increase in worker unrest upsets the supply of metals at exactly when banks are shifting toward gold? Major disruption to platinum is expected from the current strike and [...]

Go to Top