Weekly Market Pulse: The Only Free Lunch In Investing

Joseph Calhoun2.92K FollowersFollow5ShareSavePlay(8min)CommentsSummaryStocks were up nearly 4% last week due to a ceasefire between the US and Iran that was supposed to open the Strait of Hormuz and allow oil to start flowing again.The Iran War has gotten the blame for this correction, but the S&P 500 has gone nowhere since October 28th, almost six months ago.We made a choice several years ago to diversify away from the S&P 500 because we were not comfortable with the large allocation to technology stocks. c-George/iStock via Getty Images Stocks were up nearly 4% last week due to a ceasefire between the US and Iran that was supposed to open the Strait of Hormuz and allow oil to start flowing again. Crude oil fell 14%, while theThis article was written byJoseph Calhoun2.92K 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.