Financial Review

Equally Divided

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-22-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSWall Street’s muted response to terrorism, FBI to Apple – never mind, Google in the cloud, and the Supremes are equally divided.

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Financial Review

Mergers on a Modest Monday

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-21-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSAnother day of modest gains on Wall Street but a busy day for mergers.

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Financial Review

I Want to Go Back to Bahia

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-18-2016_2_.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSStocks rally for fifth week. Brazil is knee-deep in corruption.

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Financial Review

Adriana Sanford – Apple and the FBI

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/ADRIANA_SANFORD-SEG_2-03-15-2016.mp3Podcast: Play in new window | Download (Duration: 7:10 — 3.3MB)Subscribe: iTunes | Android | RSSSinclair Noe talks with Adrian Sanford, clinical associate professor at the W.P. Carey School of Business at Arizona State University and an expert in business ethics. More info at www.adrianasanford.com  

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Financial Review

Falling Knives

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-08-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 03-08-2016   DOW – 109 = 16,964 SPX – 22 = 1979 NAS -59 = 4648 10 Y – .07 = 1.83% OIL – 1.67 = 36.23 GOLD – 6.50 = 1261.50     Small business confidence declined further in February as lingering concerns about sales growth and profits hurt capital spending and hiring plans. The National Federation of Independent Business (NFIB) said its small business optimism index dropped one point to a reading of 92.9 last month, with none of the index’s components showing an increase. The index decreased 1.3 percentage points in January. Spending and hiring plans weakened a bit as expectations for growth in real sales volumes fell. Earnings trends worsened a bit as owners continued to report widespread gains in worker compensation while holding the line on price increases.   China’s February trade performance was far worse than economists had expected, days after top leaders at the National People’s Congress sought to reassure investors. Exports fell 25% from a year earlier, the biggest drop since May 2009, while imports slumped 13%, leaving a trade surplus of $32 billion. It’s easy to blame Chinese New Year distortions, but the numbers point to bigger economic problems.   Japan’s 10-year yield extended its push into negative territory, dropping to an all-time low of minus 0.12 percent, meaning almost three-quarters of Japanese government bonds currently offer yields at or below, zero percent. By …

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Financial Review

Pendulums Swing Wide

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-07-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 03-07-2016 DOW + 67 = 17,073 SPX + 1 = 2001 NAS – 8 = 4708 10 Y + .02 = 1.90% OIL + 1.99 = 37.91 GOLD + 7.90 = 1268.00   The U.S. stock market posted its third consecutive weekly gains last week, following an impressive jobs report on Friday. Stocks pulled out small gains today, for the fifth consecutive session. The S&P 500 has now gained in 11 out of 16 sessions since its Feb. 11 low, and closed last week above its 100-day moving average for first time in 2016.   The Federal Reserve FOMC meets next week to determine monetary policy and the battle lines are being drawn. Fed Governor Lael Brainard, who has emerged as a leader of the Fed’s dovish faction, argued for “patience” in raising interest rates. Fed Vice-Chair Stanley Fischer, who has consistently sounded more hawkish than many of his colleagues, warned that inflation is showing signs of accelerating; which would indicate his preference for raising rates. Adding to the mixed signals, the European Central Bank meets this week and is widely expected to expand its stimulus measures, which likely means they go more negative. The big questions being how big and in what form? And that would just make a Fed rate hike all the more awkward.   Negative rates have been spreading through important sectors of high finance …

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Financial Review

Moderate to Mixed

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-02-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 03-02-2016   DOW + 34 = 16,899 SPX + 8 = 1986 NAS + 13 = 4703 10 Y + .01 = 1.85 OIL + .40 = 34.80 GOLD + 7.80 = 1240.50   Today the equity markets were regaining their footing after a big move yesterday. Treasury yields rose as job market data reinforced the view that the Federal Reserve will raise interest rates later this year. Crude fell below $35 a barrel after earlier hitting a two-month high. Government data showed inventories rose by 10.4 million barrels to 518 million in the week to Feb. 26, almost triple the 3.6 million-barrel increase expected by analysts. Asian stocks rose overnight to a two-month high with Japan’s and China’s main indexes both up more than 4 percent.   The European Central Bank will review its stimulus next week against a background of heightened economic risks and weaker-than-expected inflation. ECB President Mario Draghi sent a letter to European lawmakers underlining the bank’s readiness to use all its tools to drive up prices. The Eurozone slid back into deflation in February, driving the ECB further from its inflation target of just below 2%.   Moody’s Investors Service has lowered the outlook on China’s credit rating from stable to negative. Moody’s writes: “Without credible and efficient reforms, China’s GDP growth would slow more markedly as a high debt burden dampens business investment.” Moody’s current Aa3 …

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Financial Review

Super Tuesday

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-01-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSS  Financial Review by Sinclair Noe for 03-01-2016   DOW + 348 = 16,865 SPX + 46 = 1978 NAS + 131 = 4689 10 Y + .09 = 1.83% OIL + .14 = 33.89 GOLD – 6.60 = 1232.70   It was the best one-day percentage gain for the S&P 500 and the Dow since Jan. 29. The Nasdaq Composite saw its biggest one day gain since August. The S&P 500’s rally today leaves it lower by just 3% year-to-date, and the Nasdaq’s advance brings its loss for the year to 6.4%. Biotechnology, which underperformed by a huge margin yesterday, came to life today with the Nasdaq Biotechnology Index ETF (IBB) surging 4.4%. The small cap Russel 2000 broke through its own 50 day moving average for the first time since December 9. However, it rose 2.0% vs. the S&P 500’s 2.4% gain. Elsewhere, regional banks, cybersecurity, high-yield bond ETFs, and energy names also impressed. The Utilities sector, which is hurt by higher rates, was by far the worst performing S&P sector today.   Today is Super Tuesday. The polls will begin closing at 7 PM eastern time. A total of 595 Republican delegates are up for grabs in 11 states of the 1,237 needed to clinch the GOP nomination in 11 states; Donald Trump is expected to win 10 of the 11 states, with a close race in Texas, where Ted Cruz holds the lead. Sanders and Clinton are facing off …

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Financial Review

If You Build It

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-02-25-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSS  Financial Review by Sinclair Noe for 02-25-2016 DOW + 212 = 16,697 SPX + 21 = 1951 NAS + 39 = 4582 10 Y – .05 = 1.70% OIL + .93 = 33.08 GOLD + 4.30 = 1233.70 The Shanghai Composite in China dropped 6.4% today, extending its fall this year to 22%, as surging money-market rates signaled tighter liquidity and the offshore yuan weakened for a fifth day, while the country’s vice finance minister warned of pressure on exports. The plunge comes as world leaders gather for a G20 meeting in Shanghai, where current market turmoil and a global economic slowdown are expected to be key topics of discussion. European shares bounced after two days of falls, and sterling steadied after having been pounded all week by ‘Brexit’ fears.  The S&P 500 Index closed at a seven-week high, right at a major level of resistance, and just barely breaking above the 50 day moving average.   Meanwhile, the IMF is calling for urgent and bold action to combat the slowing world economy ahead of the gathering of G20 finance ministers and central bank chiefs. The IMF report says: “The G20 must plan now for coordinated demand support using available fiscal space to boost public investment.” The calls for an organized stimulus program followed warnings that China’s slowdown, financial market turbulence and the collapse in commodity prices were major headwinds that could derail a global recovery. …

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Financial Review

No Sense in Wasting Our Time

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-02-23-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 02-23-2016 DOW – 188 = 16,431 SPX – 24 = 1921 NAS – 67 = 4503 10 Y – .02 = 1.75 OIL – 2.09 = 31.30 GOLD + 17.10 = 1226.40   The G20 is meeting this weekend in Shanghai. The US will call on G20 countries later to use fiscal policy in order to boost global demand.  American officials will also urge all members to refrain from manipulating exchange rates for competitive purposes, in line with existing G20 commitments.   The world’s oil giants were meeting today. At a conference in Houston, Saudi oil minister Ali Al-Naimi, considered the world’s most powerful energy policymaker, said production cuts will not happen. Last week, Saudi Arabia, Russia, Qatar and Venezuela proposed a freeze that would cap production at January levels. But Naimi said: “Freeze is the beginning of a process, and that means if we can get all the major producers to agree not to add additional balance, then this high inventory we have now will probably decline in due time. It’s going to take time. It is not like cutting production. That is not going to happen because not many countries are going to deliver even if they say they will cut production, they will not deliver. So there is no sense in wasting our time seeking production cuts.” Global production is projected to be 95 million barrels a day in …

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