Weekly Market Pulse: 122 Or 301, Whatever It Takes

Joseph Calhoun2.88K FollowersFollow5ShareSavePlay(11min)Comment(1)SummaryThe Supreme Court finally released its ruling on President Trump’s use of the IEEPA to impose universal tariffs on foreign goods, and the verdict was utterly unsurprising, at least to those of us who have actually read the law.The 10-year Treasury note yield rose 1 basis point on Friday and 3 for the week. Shorter maturities – the 2-year and the 90-day Tbill – also barely budged.The 10-year inflation breakeven rate was unchanged, while the dollar index was down 0.13% Friday, up 0.9% for the week. Valerii Evlakhov/iStock via Getty Images What’s in a name? That which we call a rose, by any other name, would smell as sweet. Romeo and Juliet, Act II, Scene II The Supreme Court finally released its ruling onThis article was written byJoseph Calhoun2.88K FollowersFollowJoe 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.