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


Global Asset Allocation Update
The yield curve is often cited as the best recession indicator and we agree with that assessment. But it is easy to misinterpret and most people do.
EC Bi-Weekly Economic Review: Oil, Interest Rates & Economic Growth
The yield on the 10 year Treasury note briefly surpassed the supposedly important 3% barrier and then….nothing.
Global Asset Allocation Update: The Certainty Of Uncertainty
There is no change to the risk budget this month. For the moderate risk investor, the allocation to bonds is 50%, risk assets 45% and cash 5%.
Bi-Weekly Economic Review: Investing Is Not A Game Of Perfect
The market volatility this year has been blamed on a lot of factors.
Bi-Weekly Economic Review: Embrace The Uncertainty
The latest industrial production report was much better than expected and positive on multiple levels. Overall production was up 1.1% while the manufacturing component was up 1.2%.
Bi-Weekly Economic Review: The New Normal Continues
The big news in last month’s employment report was the hotter than expected wage component but those fears were eased with the latest report. Both the ADP and official versions of the employment report were quite a bit better than expected.


Latest Comments
Keystone Comes A Cropper
11 months 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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Latest Posts

Work Experience

Real Clear Markets
February 2011 - Present (7 years 6 months)
Alhambra Investment Partners LLC
July 2006 - Present (12 years 2 months)




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


University of South Carolina-Columbia
1979 / 1982