Markets

Weekly Market Pulse: Free Will

By |2025-10-20T09:53:12-04:00October 19th, 2025|Alhambra Portfolios, Alhambra Research, Commodities, Markets, Newsletter, Stocks|

Was that it? Was that the top? A week ago, the market fell 2.7% as President Trump announced an additional 100% tariff on Chinese goods starting November 1st. Since that Friday selloff, the market has stabilized and recovered a little over half that one day loss. The S&P 500 is now down just about 1.5% from its all-time high. Is [...]

Weekly Market Pulse: The Return of Tariff Man

By |2025-10-13T06:30:13-04:00October 12th, 2025|Alhambra Portfolios, Alhambra Research, Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Newsletter, Stocks, Taxes/Fiscal Policy|

You knew something had to shatter the calm. The market had become too complacent, making money was too easy lately. It has been 27 trading weeks since the last big tariff announcement - Trump's "liberation day" when he announced reciprocal tariffs on the entire world last April - and in 17 of those weeks, the S&P 500 traded higher, a [...]

Monthly Macro Monitor: Status Quo

By |2025-10-08T10:40:17-04:00October 7th, 2025|Alhambra Research, Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Newsletter|

There has been a lot of change in economic - and other - policies this year but not much change in the economic outlook. We've had a large tax hike in the form of import taxes (tariffs), a comprehensive tax and spending bill, a DOGE attack on various government departments, more government employee layoffs than has ever happened in one [...]

Weekly Market Pulse: No Data, No Problem

By |2025-10-06T07:21:04-04:00October 5th, 2025|Alhambra Portfolios, Alhambra Research, Bonds, Commodities, Currencies, Economy, Markets, Newsletter, Real Estate, Stocks|

The federal government shut down last week so we didn't get the monthly employment report last Friday and I think that may be the best news investors have gotten all year. I expect a lot of government generated economic reports to be missed during the shutdown, which I think could drag on a lot longer than previous versions. With the [...]

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