I got a mystery for you, cause who doesn’t love a good mystery. Record inflows. Week after week, record tech inflows, all year long. Almost daily we get headlines about money coming […]
As for stock markets–the devil take the hindmost.
We have the luxury, the honor, of speaking to a lot of individual investors here at Alhambra. Whether they are clients or future clients (optimism is my default condition), the most common view of stocks is that they are overvalued and a fall – a large fall – is inevitable. And there is no stock […]
When Americans started celebrating Thanksgiving in the 19th century, it was about cherishing the blessings of the year, particularly the year’s harvest. These days however, it appears as if many people spend the holiday thinking about what they might n…
A top isn’t a top until it breaks down. Many a would-be top pattern sucks in the shorts anticipating a breakdown. Then when it doesn’t break, they all start covering, triggering the next upleg.
The level to watch over the next few hours this morn…
Brazil’s environmental ministry has released preliminary figures showing that deforestation in the Amazon has hit its highest rate in a decade. The grim data comes amid concern about the policies of Jair Bolsonaro, the country’s president. Between Augu…
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Millions of workers in the U.S. continue to stay home and conduct business remotely. With COVID-19 cases and hospitalizations still at unprecedented levels, many companies aren’t expecting to fully fill their office space until spring of next year. New…
The stock market ended November on a low note, with the Dow Jones index dropping roughly 270 points by the ring of the closing bell. Still, the total month saw another substantial increase in market gains, continuing a solid trend of growth heading int…
Mario Draghi’s sunset retirement festivities weren’t supposed to have gone off this way. Celebrated for his July 2012 “promise” to save the euro, he instead spent the entirety of his eight years as President of the ECB chasing inflation and recovery, the very things meant to accomplish the euro’s saving, without success. By the end, […]