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Our namesake is the Alhambra, a fortress in southern Spain dating back to 889. For more than a thousand years, people of different backgrounds found refuge behind her venerable walls. Today, the Alhambra remains as strong as ever, an enduring symbol of wealth, prosperity, and security. Like ...more

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Q3 Cyclical Outlook
Growth peaked on a quarter over quarter seasonally adjusted annual rate in Q3 last year at 4.9%. The preferred reading is on an annual basis where growth peaked in Q4 of last year at 3.13%.
End Of Petrodollar
A discussion about the reality of the end of the petrodollar.
Weekly Market Pulse: A Concentrated Bet
The S&P 500 reached a milestone recently. The technology sector, as of this week, is now 33.6% of the index. If you count the Communications sector as technology the allocation to technology oriented companies is 42.8%.
Employment Gains Overstated
A discussion about why the Establishment Report is overstating job gains.
Question Time: AI Stock Market Hype Or Reality
A discussion of high stock prices justified around artificial intelligence for Nvidia and other stocks
7 Keys For Investing Success
The entire process of investing successfully over time involves analyzing current assets and circumstances, establishing risk tolerance, deciding on goals, developing an asset allocation mix, and diversifying intelligently. 
Inflationary Dangers Of High Tariffs
A discussion about the inflationary dangers of U.S. tariff policies.
Market Morsels: ISM And Recession
The ISM manufacturing survey has been below 50 for 15 months in a row and sits today at 49.1
How Many Rate Cuts?
The post-COVID economy has been a difficult one to navigate because no one has ever experienced anything like it. The services and goods sides of the economy have been out of sync since the onset of COVID.
Market Morsels: Mortgage Spread
​​​​​​​The spread between the 10-year and the 30-year mortgage is starting to normalize.
Macro: Factory Orders Remain Choppy
Similar to the Advanced Durable Goods orders released 2 weeks ago, broad factory orders remain choppy and have generally flat-lined or perhaps have a slight positive slope to their medium-term growth vector.
Macro: ISM Services
The index is down from 52.7% in November to 50.6% in December.
Macro - Employment
The employment numbers came in progressively better throughout the week. Friday, the US Bureau of Labor Statistics reported that the US added 216,000 jobs in December.
Macro: S&P Global US Services PMI - Strengthens
Personal consumption of services is 45% of US GDP. Employment is strong and the service sector continues to be strong. S&P Global PMI report came in at an expansionary 51.4.
Macro: Employment — ADP And Initial Claims — Strong Employment Continues
Initial Unemployment claims dropped by 18,000 to 202,000. This is the 4th lowest number of initial unemployment claims of the year. Today’s ADP release reported 164,000 jobs added in December. This was even better than the Jolts report yesterday.
Macro: Job Openings And Labor Turnover
The labor market is softening, but still strong...
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