Financial Review

Sure, Why Not?

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-05-09-2018.mp3Podcast: Play in new window | Download (Duration: 13:14 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…Stocks higher. Oil higher. Dollar higher. Bond yields higher. PPI barely budges. Cohen selling access? California mandates solar. Earnings rolling in. Financial Review by Sinclair Noe for 05-09-2018

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Financial Review

While the Sun Shines

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-26-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW – 40 = 17,678 SPX – 4 = 2056 NAS – 13 = 4863 10 YR YLD + .09 = 2.01% OIL + 2.22 = 51.43 GOLD + 9.00 = 1205.10 SILV = .15 = 17.20 Saudi Arabia and its Gulf allies started bombing targets in Yemen as the country slides closer toward civil war. A Saudi military spokesman said there were no immediate plans to launch ground operations in Yemen. Importers say the Saudi attack is not expected to disrupt oil supplies, but the threat of spreading war in the region could likely impact oil flows. Yemeni President Hadi reportedly fled the country yesterday. The White House says the US will provide “logistical and intelligence support.”   Yemen is a fairly small oil producer, but still the news helped push oil prices up almost 5% today, and there are several reasons. First, if things go wrong, this could turn into a proxy war between Shiite Iran, which is backing the rebels, and Saudi Arabia and other Sunni monarchies that supported the Yemeni regime.  The Saudi action could exacerbate tensions in Libya, Syria and Iraq; in other words, this could be part of a trend in the region.   Yemen is also geographically strategic, at the chokepoint of the Red Sea; so there might be the possibility the rebels could disrupt oil tanker traffic; 3.8 million barrels a day …

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