TERADAT SANTIVIVUT
Note: I wrote most of this commentary prior to the US strike on Iran, and I decided to go ahead with it anyway. I don’t know any more than you do about what is going on in the Middle East, and
Weekly Market Pulse: The Turkey Leg
Summary
- Israel and Iran are going at it every day, and all the dollar could manage was a measly 0.5% gain on the week.
- Stocks were down last week, but diversified investors benefitted from a rise in commodity prices and a small gain in bonds.
- High-yield spreads have been coming down but have barely budged over the last month and are still higher than the February lows for this business cycle.
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.