Financial Review

Heating Up Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSWall Street rebounds. Global central banks on hold for Brexit. CPI inches higher. Jobless claims inch higher. AZ unemployment rate jumps up. Disneyland Shanghai. VW goes electric. SpaceX falls hard. Microsoft goes to pot. Financial Review by Sinclair Noe for 06-16-2016


Thursday, June 14, 2012 – Just In Case There is a Glitch in the Vote – by Sinclair Noe

DOW + 155 = 112,651SPX + 14 = 1329NAS + 17 = 283610 YR YLD +.01 = 1.61 OIL +.44 = 84.35GOLD + 5.70 = 1624.30SILV – .22 = 28.74PLAT + 27.00 = 1498.00All righty class, it is time for a pop quiz. Please answer the following question: What is the Ironclad Rule of Wall Street?Put down you pencils.And the answer is: Wall Street loves free money.And where does free money come from? And the answer is: Central banks. If you answered the Federal Reserve and Helicopter Ben, give yourself a partial credit; if you answered taxpayers, give yourself partial credit; while those answers are technically correct it is outdated and more than a tad provincial. Think bigger, think globally.Today, Greek bank stocks surged more than 20 percent, with speculators betting on a favorable pro-bailout outcome after Sunday’s election. The action there drew the attention of traders on Wall Street. Officials from the G-20 confirmed today that the central banks from major economies stand ready to take steps to stabilize financial markets by providing liquidity and preventing a credit squeeze if the outcome of Greek elections on Sunday causes tumultuous trading even if the Greek election will not provide “the definitive signal on what happens next” in the euro-zone economic crisis.The Greek election is Sunday and then there is a G20 summit of world leaders in Los Cabos, Mexico, on Monday and Tuesday, with Europe’s escalating crisis topping the agenda. Leaders will be accompanied by finance ministers playing an advisory role. Depending on …