http://alhambrainvestments.com/blog The Alhambra Investments Blog Wed, 24 Aug 2011 16:38:45 +0000 http://backend.userland.com/rss092 en We’ve moved the Alhambra Investments Blog to alhambrapartners.com/blog. Please come check us out. http://alhambrainvestments.com/blog/2011/08/24/weve-moved/ The Fed announcement today was tainted by 3 dissenting votes.  This was the first time since 1992 that 3 members of the committee had voted against the decision.  The key sticking point was the commitment to current interest rate policy for a period of 2 years. Other comments of note: "economic growth ... http://alhambrainvestments.com/blog/2011/08/09/fed-decision-2/ The deal to raise the debt ceiling, agreed to last week, obviously wasn't enough to calm markets and no wonder. The deal was just more of the same smoke and mirrors we've come to expect from the small, petty people who populate the halls of power in Washington, D.C. Finding ... http://alhambrainvestments.com/blog/2011/08/07/weekly-economic-and-market-review-71/ Musings on the Markets from Inside the Beltway By John L. Chapman, Ph.D.                                             Vol. I, No.3  080711 In this note: ·       Repassage: debt ceiling deal and implications for your net worth ·       ‘Balance sheet’ versus ‘aggregate demand’ recessions: worrisome, or much ado about nothing?  How to invest in any case? Next week: ·       Nixon’s most tragic ... http://alhambrainvestments.com/blog/2011/08/07/thinking-things-over-3/ World Allocation Portfolio The world allocation portfolio is our flagship tactical strategy.  The level of risk exposure in the portfolio will vary between conservative and aggressive risk profiles depending on Alhambra Partner's assessment of the global investing environment.   This portfolio gives investors diversified exposure to all return producing assets around ... http://alhambrainvestments.com/blog/2011/08/07/world-allocation-portfolio/ The market opened the week with SPY at 130.53 and closed at 120.08, a decline of 8%. Three items came together this week to create the negative market movement and higher volatility. The scenario began seemingly as a liquidity issue, the selling of assets to raise cash. As the week ... http://alhambrainvestments.com/blog/2011/08/07/this-week-in-play/ Since the beginning of 2011, the S&P 500 had been trading in a tight range between 1250 and 1350. All the while, a noticeable formation called a “head and shoulders” was developing. An important support level was apparent at the 1250-1251 level which is called a “neckline”. Technical analysts were ... http://alhambrainvestments.com/blog/2011/08/07/markets-in-review-2/ Thinking Things Over Musings on the Markets from Inside the Beltway By John L. Chapman Vol. I, No.2 07/31/11 In this note: “Balance sheet-” versus “Aggregate demand-” recessions: is there a difference, and does it matter for investors? What is our investment strategy in light of our findings? Two days before the debt ceiling “deadline”, ... http://alhambrainvestments.com/blog/2011/07/31/thinking-things-over-2/ The focus last week was on the US debt ceiling debate but of greater importance is the slowdown in global economic growth. The US GDP report Friday showed just how weak the US economy was over the first half of 2011 but this isn't just a US problem. Canada and ... http://alhambrainvestments.com/blog/2011/07/31/weekly-economic-and-market-review-70/ Durable goods orders and the stock market are highly correlated.  We are starting to see some divergence. http://alhambrainvestments.com/blog/2011/07/29/durable-goods-divergence/