Financial Review

Take 65

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-06-22-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: iTunes | Android | RSS…..Senate unveils a health care bill. CBO score next week. Vote soon after. 4 GOP senators already oppose it. Those tapes were a bluff. Banks pass stress tests. LEI up. Mortgage rates down. Qatar wants to buy American. Sears Canada BK. Warren’s latest deal. Oracle shines through the cloud. Facebook on a mission. Financial Review by Sinclair Noe for 06-22-2017

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Financial Review

Settling a Score

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-05-24-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: iTunes | Android | RSS…..Fed minutes point to June rate hike and slowly shrinking balance sheet. CBO scores AHCA and it is ugly. Trump and Pope Francis. Previously owned home sales sputter. China’s credit rating cut. Brazil ablaze. Fiat Chrysler pulls a VW. Facebook buying news.   Financial Review by Sinclair Noe for 05-24-2017

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Financial Review

Send in the Clowns

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-05-22-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: iTunes | Android | RSS…..1Q earnings season winds down. CBO scores AHCA. Pause on cost-sharing subsidies case. Trump tour sells big in Saudi Arabia. SCOTUS whacks patent trolls. NC must undo gerrymandering. Ford gets new CEO – share price is Job One. Huntsman-Clariant. Midwest fields flood. Citi’s Banamex laundered money in Mexico. The circus closes its tent. Financial Review by Sinclair Noe for 05-22-2017

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Financial Review

GDP

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-30-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: iTunes | Android | RSS…..Markets moving higher, valuations a concern. 4Q GDP revised slightly higher to 2.1%. Forecast calls for a repeat of 2016. Debt and deficit to spiral higher. Fedspeakers and the punchbowl. Oil looking at supply crunch. Drivers looking at higher prices. Financial Review by Sinclair Noe for 03-30-2017

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Financial Review

Stormy Weather

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-13-2017.mp3Podcast: Play in new window | Download (Duration: 13:16 — 7.6MB)Subscribe: iTunes | Android | RSS…..Waiting on the Fed. CBO has numbers on the new American Health Care Act – and they are terrible. Intel buying Mobileye to drive into the future. Lloyds outsourcing jobs to IBM. South Korea’s Park out. No Bitcoin fund. Escondida strike. Icahn loads up on Herbalife. Changes in credit scores. Nor’easter on the way. Financial Review by Sinclair Noe for 03-13-2017

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Financial Review

Wednesday, August 27, 2014 – The Greater Depression

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-08-27-2018.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSS08272014 Financial Review DOW + 15 = 17,122 SPX + 0.10 = 2000.12 (record) NAS – 1 = 4569 10 YR YLD – .03 = 2.36% OIL – .16 = 93.70 GOLD + 2.10 = 1283.70 SILV + .08 = 19.54 Any positive day for the S&P 500 means a new record high close; today was the 31st of the year. Volume was really, really light. This week the S&P 500 crossed above 2000, which would indicate the economy is strong; there are several economic indicators you could consider such as an abundance of corporate cash, a little more top line growth in the second quarter, and improved consumer confidence even if consumers haven’t found the cash to pay for things; but you also have the yield on the 10 year Treasury note dropping lower and lower, which would indicate the economy is weak. We are told the yield on Treasuries is low because of foreign buyers, and maybe Treasuries can be considered a global instrument; another possibility is that the deficit has been shrinking, meaning fewer new issuances…, still. Most divergences result in a reversion to the mean. So the big question is whether stocks come down or yields go up. The US budget picture will likely worsen in coming months as companies wait until next year to see what actions Congress will take on taxes. A report from the Congressional Budget Office says …

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Financial Review

Tuesday, June 03, 2014 – Always Look on the Bright Side

Always Look on the Bright Side by Sinclair Noe   DOW – 21 = 16,722 SPX – 0.73 = 1924 NAS – 3 = 4234 10 YR YLD + .06 = 2.59% OIL + .37 = 102.84 GOLD + 1.40 = 1245.90 SILV + .05 = 18.91   Automakers reported strong sales of new cars in May, the strongest annual sales rate since before the 2008 financial crisis. Industry sales rose 11.3%. Chrysler and GM had their best month of May in 7 years. A record number of recalls at GM since the first of the year did not crimp demand for the automaker’s new vehicles. Average transaction price for a new vehicle in May was $32,307, according to research firm Kelley Blue Book, which said average new-car prices were up $653 from a year ago, but down slightly from April.   The city council of Seattle Washington has voted to raise the city’s minimum wage to $15 an hour, the highest level of any major US city. Wages would begin to rise next year, ultimately reaching $15 from Washington state’s minimum of $9.32 over three to seven years, depending on the business. Under the plan, firms with more than 500 employees nationally will be given at least three years to phase in the increase, those who provide health insurance subsidies would get four years and smaller businesses would be given seven years. US minimum wage is $7.25, although 38 states have set higher levels. The states of California, Connecticut …

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Financial Review

Monday, April 14, 2014 – Blood Moon and More

Blood Moon and More by Sinclair Noe DOW + 146 = 16,173SPX + 14 = 1830NAS + 22 = 402210 YR YLD + .02 = 2.64%OIL – .11 = 103.63GOLD + 8.20 = 1327.60SILV un = 20.07 Here’s what you can expect; the Earth will eclipse the moon tonight about 10:58PM pacific time, adjust according to your time zone. The eclipse will take some time, a few hours. The moon will shift color from orange to blood red to brown, again depending on you locale and the weather. It should be interesting. The stock markets started the day in positive territory and as trading dragged on, the major indices moved lower on the very cusp of turning red, almost as if they were being eclipsed, and then positive again, right at 3:15 PM eastern time, everything just picked up. Now, you might think the markets are rigged. You might. A group of traders has sued CME Group Inc, accusing the operator of the world’s largest derivatives exchange of selling market data to high frequency traders, cheating other investors who lacked such access. The suit says the CME and its Chicago Board of Trade unit have been giving high-frequency traders early access to buy and sell orders.  They said this deprived other investors of the transparent, real-time data on futures and interest rate contracts that they thought they were getting, and were paying for. Volume was down from Friday; that’s a nasty trend, lighter volume on up days, heavier volume on …

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Uncategorized

Tuesday, February 18, 2014 – Econ Roundup

Econ Roundup by Sinclair Noe DOW – 23 = 16,130SPX + 2 = 1840NAS + 28 = 427210 YR YLD – .03 = 2.71%OIL + 2.14 = 102.27GOLD – 6.90 = 1323.30 SILV + .12 = 22.06 Homebuilders’ confidence in the housing market declined sharply this month as the severe weather battering much of the nation keeps many would-be buyers at home. The National Association of Home Builders/Wells Fargo builder sentiment index dropped to 46. That’s down from January’s reading of 56 and is the lowest level since May. A reading of 50 is the tipping point between good and bad sales conditions. Certainly one sector singing the blues over the cold weather has been the airlines. More than 500 flights were cancelled today; almost 1,400 flights cancelled yesterday for the Presidents’ Day holiday and more than 4,000 delayed. The big day for cancellations was last Thursday, when more than 7,500 flights were scrapped. That’s bound to have some effect on revenue and earnings. Last week’s economic news was generally disappointing with weak payroll growth, mortgage applications slipping, retail sales dropping to the lowest growth rate of the recovery, and a sharp drop in manufacturing activity; that can’t all be blamed on bad weather. Several retailers didn’t even mention severe weather as they missed estimates for the holiday shopping season. US auto dealers have about $100 billion worth of unsold cars and trucks sitting on their lots. That level is striking given that car makers have pledged not to overstock …

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Uncategorized

Wednesday, February 05, 2014 – Another Perfect Day

Another Perfect Day by Sinclair Noe DOW – 5 = 15,440SPX – 3 = 1751NAS – 19 = 401110 YR YLD + .04 = 2.67%OIL + .11 = 97.30GOLD + 3.20 = 1258.60SILV + .39 = 20.00 Yesterday on the Review we talked about the Congressional Budget office report. For a while this morning, the Internet was hopping with job-killing hype, when in fact the truth was vastly different. Obamacare’s impact, the CBO concluded, would lessen the supply of labor by encouraging certain folks not to work: “The estimated reduction stems almost entirely from a net decline in the amount of labor that workers choose to supply, rather than from a net drop in businesses’ demand for labor, so it will appear almost entirely as a reduction in labor force participation and in hours worked. . . .” That’s different than what most of the media was saying today. And then a funny thing happened; some reporters actually read the report, and the headlines changed just a little:  Wall Street Journal earlier: Health-Care Law Expected to Take Greater Toll on Workforce Wall Street Journal now: Health Law Seen Leading to Some Loss of Labor Talk Radio News Service earlier: Obamacare Will Cost 2.5 Million Jobs: Report Talk Radio News Service now: 2.5 Million Will Exit Work Force Because Of Obamacare National Review earlier: The CBO Just Nuked Obamacare National Review now: The CBO Just Nuked Obamacare The CBO never, ever reported that Obamacare would somehow or other kill more than …

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