Weekly Market Pulse: Currency Illusion

Joseph Calhoun profile picture
Joseph Calhoun
2.04K Followers

Summary

  • When we think about the challenges facing an investor today, the big problems, the things we worry about that could cause a lot more harm than some interest rate hikes, are mostly outside the United States.
  • Stocks and bonds were higher last week while commodities once again fell with crude oil. The drop in crude, by the way, isn’t what the economic bears want it to be.
  • When we are talking about global investing, currency illusion better describes the effect. If we only see other markets in dollar terms, we may miss important information.

Financial, stock exchange charts at digital display

sankai

When we think about the challenges facing an investor today, the big problems, the things we worry about that could cause a lot more harm than some interest rate hikes, are mostly outside the United States. China is prominent this weekend because

USD and 10-yr tsy yield change

USD

Summary

sector summary

Market indicators

This article was written by

Joseph Calhoun profile picture
2.04K Followers
Joe has worked in the financial services industry since 1992 in various capacities, including Operations Manager, Compliance Manager, Registered Representative and Portfolio Manager. From 1997 to 2006, when he founded Alhambra Investment Management, Mr. Calhoun was a Director of Investments at Oppenheimer & Co. Mr. Calhoun holds the Series 63 (Uniform Securities Agent State Law) and 65 (Uniform Investment Advisor Law) securities licenses. He has previously taken and passed the Series 7 (General Securities Representative) and Series 9/10 (General Securities Sales Supervisor) securities exams. Joe proudly served in the U.S. Navy’s nuclear submarine service for 8 years (1983-1990) and was awarded several commendations including the Navy Achievement Medal in 1987. He studied engineering at the University of South Carolina and is a graduate of the U.S. Navy’s Nuclear Propulsion School. He founded Alhambra Investment Management as a registered investment advisory to address the needs of the individual investor. His market commentaries are widely read and published at various online outlets. He has appeared on Larry Kudlow’s program on CNBC and various radio programs. He is also an editor of the website RealClearMarkets.com.

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