CEO of Alhambra Investment Partners
Contributor's Links: Joseph Calhoun

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 ... more


Weekly Market Pulse: Nothing To See Here. No, Really. Nothing
There were some interesting things going on last week and there was some interesting data released even if it didn’t move markets much. Jobless claims continued to defy the consensus view that the US economy is recovering robustly.
Weekly Market Pulse: Buy The Rumor, Sell The News
There’s an old saying on Wall Street that one should “buy the rumor, sell the news,” a way to express the efficient market theorem. By the time an event arrives, the market will have fully digested the news and incorporated it into current prices.
Weekly Market Pulse: Perception Is Reality
There is an objective reality for most of the issues we face as investors. The economy will improve or not. The dollar will go up for down.
Weekly Market Pulse: Much Ado About Not Much
The Treasury market sell-off last week was just an extension of the selling that began in earnest last summer. The trend is pretty obvious and it will persist until it changes.
Weekly Market Pulse: The More Things Change, The More The Song Remains The Same
Markets continue to move based on the expectation of a post-virus boom. At least that is the dominant narrative right now. The economy, boosted by another round of stimulus, will surge once the virus is under control and things return to normal.
Weekly Market Pulse: How High Can Rates Go?
Investors are anticipating better economic performance this year and markets reflect that view. Rising inflation and growth expectations have pushed interest rates higher as investors sell bonds and gold to buy more growth sensitive investments.


Latest Comments
Keystone Comes A Cropper
3 years ago

I question the very first assumption in that infographic. Unless oil prices remain high there is no economic reason to mine tar sands in Alberta. It is expensive, dirty oil. Is it economic at $45? I have my doubts. And if it isn't, there is no reason for the pipeline. Having said that, if Trans-Canada wants to build it with their own funds, let'em. If it fails their shareholders will pay the price.

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Work Experience

Real Clear Markets
February 2011 - Present (10 years 4 months)
Alhambra Investment Partners LLC
July 2006 - Present (15 years)




Oppenheimer & Co.
January 1997 - July 2006 (9 years 8 months)


University of South Carolina-Columbia
1979 / 1982