Alhambra Research

SPECIAL REPORT: It Was The Eurodollars All Along

By |2019-11-13T06:43:50-05:00November 13th, 2019|Alhambra Research, Economy, Markets|

The Global Financial Crisis of 2008 was felt far and wide, in places with no connection at all to the US mortgage market. That is, or should be, a clue that the crisis wasn’t really about sub-prime mortgages at all. There were places, though, that avoided much of the turmoil. One of the oddest and [...]

Monthly Macro Monitor: Market Indicators Review

By |2019-08-29T16:08:52-04:00August 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 [...]

Hedgeye Podcast: One-On-One With Joe Calhoun

By |2019-08-27T12:06:04-04:00August 27th, 2019|Alhambra Research, Economy, Federal Reserve/Monetary Policy|

Our very own Joe Calhoun, founder and CEO of Alhambra Investments, was invited to feature on Hedgeye's 20th episode of In the Arena. He joins Hedgeye's Daryl Jones in a lively discussion on the current investing landscape and hurdles facing the U.S. economy:

Monthly Macro Monitor: Market Indicators Review

By |2019-07-19T18:19:10-04:00July 19th, 2019|Alhambra Research, Bonds, Commodities, Currencies, Economy, Markets|

The markets we use to monitor the economy (and those that influence it, which amounts to the same thing) have been tracking an economic slowdown since the 4th quarter of last year. That's when interest rates, real and nominal, long term and short term, started to decline, credit spreads started to widen and the copper [...]