Weekly Market Pulse: Repeating History?

Joseph Calhoun2.89K FollowersFollow5ShareSavePlay(12min)CommentsSummaryThe dollar index closed last Friday down about 13% since its peak in the fall of 2022.We started to see a little panic in the stock market by the end of last week, but when I say a little, I mean we will probably see more in the coming days.The same extreme backwardation is seen in the crude oil market; users are willing to pay up for oil now versus 3 months or 6 months in the future.Assuming we cross 30 on the VIX this week, the outlook from there, based on history, is surprisingly positive. Pornpimone Audkamkong/iStock via Getty Images “Those that fail to learn from history are doomed to repeat it.” Winston Churchill in a speech to the House of Commons in 1948 “History doesn’t repeat itself but it often rhymes.” Mark TwainThis article was written byJoseph Calhoun2.89K 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.