Financial Review

The Foreseeable Future

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-11-09-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 11-09-2015 DOW – 179 = 17,730 SPX – 20 = 2078 NAS – 51 = 5095 10 YR YLD + .01 = 2.34% OIL – .18 = 44.11 GOLD + 2.50 = 1092.90 SILV – .16 = 14.68 The jobs report on Friday showed a rise of 271,000 new jobs last month and the unemployment rate dropping to 5%. In a speech in Tempe on Saturday, San Francisco Fed President John Williams said: “My forecast is that we’ll reach our maximum employment mandate in the near future and I’m increasingly confident that inflation will gradually move back to our 2% goal.” Williams said: “I view the next appropriate step as the start of a process of gradually raising interest rates,” and the data will determine when it comes to lifting rates. Williams offered an upbeat outlook on the economy, and he said that it is OK that the pace of job creation has slowed relative to recent history, because continuing on that pace could cause problems. (For whom?)   We all knew about the jobs report on Friday, so why the delayed reaction in the markets today to news from Friday? Well, that would be assuming that the markets went down today because everybody figured out that the Fed is definitely going “live” with a planned rate hike in December. I don’t know why the markets went down …

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Financial Review

Cleaning Up

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-08-03-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW – 91 = 17,598 SPX – 5 = 2098 NAS – 12 = 5115 10 YR YLD – .05 = 2.15% OIL – 1.95 = 45.17 GOLD – 9.10 = 1087.10 SILV – .30 = 14.59   This is going to be an extremely busy week. We still have a third of S&P 500 companies to report earnings. There’s also going to be a plethora of economic activity culminating in the Friday jobs report for July. Oil prices hit a six month low. It’s not just oil. Commodities prices across the board are falling thanks to slowing global demand and a rising dollar. All of this makes it very unlikely we’ll see a big pickup in inflation any time soon.   The Athens Stock Exchange reopened today and it was ugly. The ASE Stock Index dropped 23% after being closed for five weeks, with banking shares down by as much as 30%. The index managed to recover from session lows but still closed down 16%. While local traders are able to buy stocks, bonds, derivatives and warrants under certain conditions, international investors don’t face any restrictions, as long as they were active in the markets before they were shuttered.   The selloff shows the scale of the crisis still facing Prime Minister Alexis Tsipras as he negotiates a third bailout with creditors after six months that have put unprecedented strain on the …

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