What caused the rally in stocks and bonds last week? Alhambra CEO Joe Calhoun talks about the CPI numbers, the break in Treasury and Dollar uptrends, interest rates, and lag time to recession.
Not long ago I told you about a new trend among recent retirees; they are un-retiring. According to the Bureau of Labor Statistics, the number of retirees in the U.S. jumped from 28.3 million in February 2020 to 31.6 million in October 2021. But record-high inflation changed the hopes and...
Alhambra CEO Joe Calhoun has an opinion on why the market was on a roller coaster after the Fed statement last week; There’s more than one way to calculate the 10/3 yield curve, and don’t put all you hope on a single market indicator.
If you want to stay warm this winter you have two options—pay a lot more for fuel or wear a lot more clothes. It’s not because winter is supposed to be especially cold or harsh. It’s because of record-high inflation that just won’t go away.   According to the Bureau of...
This is the time of year when lots of folks have visions of warming their feet by the fire while the cold wind whistles outside. But with the highest mortgage rates in more than four decades, many people are getting cold feet about a cozy place of their own. The...
Alhambra CEO Joe Calhoun explains why he's a rational optimist about current market conditions and the economy, what he expects from the solid inversion of the 10/3 yield curve, and what he expects from this week's Fed meeting.
I remember years ago at a previous employer, several of us left for new jobs within a few weeks of each other. On a whiteboard, we drew a picture of a sinking ship in the ocean and a rat swimming to an island in the distance. Every time someone...
The IRS wants its tax money and it wants it now. Even if you pay all the taxes you owe when you file your tax return for the year, you’ll be charged an underpayment penalty if you didn’t pay enough taxes during the year. The provision to hire 87,000 new...
Is the Fed Changing its mind about hike, hike, hike? Alhambra CEO Joe Calhoun talks about the latest Fed headline, as well as a full slate of economic news this week and the inversion of the 10/3 yield curve.
The Federal Reserve seems confused about its role in inflation and unemployment. Alhambra's Steve Brennan and Joe Calhoun discuss it.