copper/gold ratio

Bi-Weekly Economic Review: As Good As It Gets?

By |2018-06-05T16:50:25+00:00June 5th, 2018|Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Monthly Macro Monitor, Taxes/Fiscal Policy|

In the last update I wondered if growth expectations - and growth - were breaking out to the upside. 10 year Treasury yields were well over the 3% threshold that seemed so ominous and TIPS yields were nearing 1%, a level not seen since early 2011. It looked like we might finally move to a [...]

Bi-Weekly Economic Review: Growth Expectations Break Out?

By |2018-05-21T20:48:14+00:00May 21st, 2018|Bonds, Commodities, Currencies, Economy, Markets, Monthly Macro Monitor, Taxes/Fiscal Policy|

There are a lot of reasons why interest rates may have risen recently. The federal government is expected to post a larger deficit this year - and in future years - due to the tax cuts. Further exacerbating those concerns is the ongoing shrinkage of the Fed's balance sheet. Increased supply and potentially decreased demand [...]

Bi-Weekly Economic Review: Embrace The Uncertainty

By |2018-03-27T19:04:05+00:00March 27th, 2018|Alhambra Research, Bonds, Commodities, Currencies, Markets, Monthly Macro Monitor, Stocks|

There's something happening here What it is ain't exactly clear There's a man with a gun over there Telling me I got to beware I think it's time we stop, children, what's that sound Everybody look what's going down There's battle lines being drawn Nobody's right if everybody's wrong Young people speaking their minds Getting [...]

Bi-Weekly Economic Review: Markets At Extremes

By |2018-01-29T12:08:13+00:00January 29th, 2018|Alhambra Research, Bonds, Commodities, Currencies, Economy, Markets, Monthly Macro Monitor, Stocks|

Economic Reports Production Production ended the year on a strong note but early readings from January are not as positive. The December industrial production report headline was strong at a 0.9% gain but a lot of that strength was in the mining (oil drilling) and utility sectors. Mining has actually led the way the last [...]

Bi-Weekly Economic Review: A Weak Dollar Stirs A Toxic Stew

By |2018-01-15T17:48:01+00:00January 15th, 2018|Alhambra Research, Bonds, Commodities, Currencies, Economy, Markets, Monthly Macro Monitor, Real Estate, Stocks, Taxes/Fiscal Policy|

Economic Reports Employment We received several employment related reports in the first two weeks of the year. The rate of growth in employment has been slowing for some time - slowly - and these reports continue that trend. The JOLTS report showed a drop in job openings, hires and quits. The Fed has been talking [...]