Financial Review

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http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-04-2018.mp3Podcast: Play in new window | Download (Duration: 13:16 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS….Dow, S&P, Nasdaq, and Russell hit record highs. Intel’s Meltdown and Spectre. Krzanich sells early. Capital One – what’s in your wallet? AG Sessions announces war on the evil weed… Financial Review by Sinclair Noe for 01-04-2018

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Financial Review

Strange Days

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-08-12-2015.mp3Podcast: Play in new window | Download (Duration: 13:15 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 08-12-2015 DOW – 0.33 = 17,402 SPX + 1 = 2086 NAS + 7 = 5044 10 YR YLD – .01 = 2.13% OIL + .23 = 43.31 GOLD + 16.80 = 1126.80 SILV + .18 = 15.64   Strange days indeed. While the closing numbers paint a picture of a calm day on Wall Street, it was anything but. The Dow Industrial Average started the session deep in the red; with a session low of a 277 point loss. And then it started clawing higher, briefly going positive for the day. US stocks gapped lower on the open following the lead of global stocks, Asian currencies, commodities and government bond yields were all heading south after China allowed the yuan to fall sharply for a second day, triggering concerns over the country’s economic health. The currency is down 4% over the last two days. The IMF has offered a cautious endorsement of the new pricing regime – which lets the market play a greater role in setting the value of the currency – in a step that may help Beijing win reserve currency status later this year. Late in the day, the Chinese government reportedly stepped in to prop up the yuan. And once again the shorts were shredded.   The number of available jobs fell in June, even as companies hired more. The latest Job Openings and Labor Turnover …

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Monday, August 6, 2012 – Front Running and Money Laudering – All in a Day’s Work

Front Running and Money Laundering – All in a Day’s Work – by Sinclair Noe DOW + 21 = 13,117SPX + 3 = 1394NAS + 22 = 298910 YR YLD -.02 = 1.55%OIL -.10 = 93.86GOLD + 8.00 = 1612.60SILV +.08 = 27.98PLAT – 5.00 = 1407.00 A couple of weeks ago I said we had entered the Dog Days of Summer; technically that was correct, however the Economic Dog Days officially start this week; there is almost nothing on the calendar, trading volume has dried up; today was the lightest volume of the year, excluding holidays. Knight Capital was trading again but not with the same vigor of last week. Knight managed to find a consortium of investors to pony up $400 million to allow the company to continue to scalp trades. High-frequency trading algorithms have flourished in the past few years, as under-regulation made way for non-regulation.  The mega banksters and their attendant trading firms figured out a way to  make huge trading profits virtually every day, off of their customers, by front-running, which means  they inserted themselves as middle-men into every trade. The high frequency traders set up computer rooms right next to the exchanges to assure they get super fast trade information, just a few milliseconds is enough. The high frequency trade algorithms submit bids-to-buy and offers-to-sell hundreds of times per second, and the computer programs determine exactly what price sellers and buyers are willing to accept. The bids and offers would be near-immediately canceled, because …

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Friday, July 27, 2012 – Wall Street Finds Pleasure in GDP Pain

Wall Street Finds Pleasure in GDP Pain-by Sinclair NoeDOW + 187 = 13,075SPX + 25 = 1385NAS + 64 = 295810 YR YLD +.13 = 1.56%OIL + .91 = 91.98GOLD + 7.50 = 1624.60SILV +.25 = 27.89PLAT + 6.00 = 1417.00All right class; Pop Quiz. Question: What does Wall Street love? Answer: Free money. I know, it’s the same pop quiz as yesterday. That was then and this is now. Yesterday, the free money was coming from the ECB, as Mario Draghi promised to do whatever it takes to save the euro. Today came news that was so bad that it should push Federal Reserve Chairman Ben Bernanke out of denial and into action. Economic growth was so stagnant that Bernanke will be forced to pass out free money to his bankster buddies; it’s not the solution but it is what Bernanke knows how to do. The nation’s gross domestic product, the broadest measure of the economy, grew at just 1.5% in the second quarter; that compares to GDP growth of 2% in the first quarter and 4.1% growth in the fourth quarter of 2011. Consumers cut back, local governments cut spending, factories received fewer orders and exports declined because of the global slowdown and a stronger dollar. Spending on durable goods, including things like cars and home appliances, fell 1.% in the second quarter. Cuts in government spending, especially at the local level, also held back growth. State and local spending fell 2.1% during the quarter while federal spending declined 0.4%. …

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