Financial Review

Another Record

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-05-19-2015.mp3Podcast: Play in new window | Download (Duration: 13:15 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe DOW + 13 = 18,312.39 (record) SPX – 1 = 2127 NAS – 8 = 5070 10 YR YLD + .03 = 2.26% OIL – 2.17 = 57.26 GOLD – 17.80 = 1209.00 SILV – .61 = 17.17   Record high for the Dow Industrials.   Construction starts on new U.S. homes was up 20% in April to a seasonally adjusted annual rate of 1.14 million. That’s the biggest monthly percentage gain in over 24 years and the highest level since November 2007.  Total housing starts remain far below an average pace of about 1.5 million over the 20 years leading up to the housing bubble’s 2006 peak.   A board member of the European Central Bank says the ECB will “frontload” its asset purchases in May and June – that is, step up buying in those months – to maintain its monthly average of $67 billion, given an expected drop in liquidity in the summer vacation period. The policymaker also said the recent selloff in German bunds and other sovereign bonds is not a cause for concern but the rapidity of the move is worrying.   Greek Finance Minister Yanis Varoufakis told a Greek TV channel last night that Greece is “very close” to a deal, other officials are less enthusiastic. European Commission President Jean-Claude Junker said this morning that there will be no agreement for Greece at this week’s summit. At …

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