Financial Review

All Talk

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-08-16-2018.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…Dow has best day in months. China will talk about trade. Turkey continues meltdown. EM struggles. Walmart rules. Nordstrom racks a beat. JC Penney hardly worth a penny. Financial Review by Sinclair Noe for 08-16-2018

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Financial Review

Sunlight is the Best Disinfectant

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-08-05-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 08-05-2015 DOW – 10 = 17,540 SPX + 6 = 2099 NAS + 34 = 5139 10 YR YLD + .06 = 2.27% OIL – .59 = 45.15 GOLD – 3.00 = 1085.50 SILV + .02 = 14.69   Private-sector hiring slowed in July. Employers added 185,000 private-sector jobs in July, down from 229,000 jobs in June, and below the average pace for the past six months. Gains slowed across all size-firms except large firms in July. Manufacturing employment has slowed sharply since the beginning of the year. The ADP report sometimes offers a hint of what we might expect from the monthly government report on jobs, which will be released Friday. Strength or weakness in the labor market is thought to be a key factor in the Federal Reserve’s decision to possibly hike interest rates in September.   The Institute for Supply Management said its services index surged to 60.3% from a 56% reading in June. Any reading above 50% indicates expansion. It was the highest reading since 2005. The business activity and new orders components both were over 60%, and the employment index increased 6.9 percentage points to 59.6%. We’ll have more details on the ISM report in our next segment.   Atlanta Fed President Dennis Lockhart said it would take “significant deterioration” in the U.S. economy for him to not support a rate hike in …

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Uncategorized

Thursday, August 29, 2013 – Pre-Labor Day GDP

Pre-Labor Day GDP by Sinclair Noe DOW + 16 = 14,841SPX + 3 = 1638NAS + 26 = 362010 YR YLD – .01 = 2.76%OIL – 1.30 = 108.80GOLD – 10.60 = 1408.20SILV – .52 = 23.97 No new war yet. The British parliament voted against military action in Syria. Britain was considered a key ally in any US-led coalition. PM David Cameron said the government would respect the decision of parliament which means that Britain will not take part in military strikes against Syria. Initial claims for state unemployment benefits slipped 6,000 to a seasonally adjusted 331,000. Claims for the prior week were revised to show 1,000 more applications received than previously reported. So, modest strengthening in the labor market. Next week, we’ll get the monthly jobs report. Meanwhile, the US economy accelerated more quickly than expected in the second quarter thanks to an increase in exports. Gross domestic product grew at a 2.5 percent annual rate, according to revised estimates, up from the initial guess of 1.7% growth. The second quarter’s growth rate followed gains of 0.1 percent in the fourth quarter and 1.1 percent in the first three months of this year. The trade deficit in the second quarter was smaller than previously estimated, reflecting the biggest gain in exports in more than two years.  Gross domestic income, which reflects all the money earned by consumers, businesses and government agencies climbed at a 2.5 percent annualized rate in the second quarter, matching the gain in GDP. Corporate …

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Thursday, August 22, 2013 – Nasdaq Freezes, Goldman Expresses Interest

Nasdaq Freezes, Goldman Expresses Interest by Sinclair Noe DOW + 66 = 14,963SPX + 14 = 1656NAS + 38 = 363810 YR YLD + .07 = 105.10OIL + .04 = 2.90%GOLD + 9.30 = 1377.10SILV + .30 = 23.29 A few weeks ago, I told you that August has a tendency to be a volatile month in the markets. Volatility can be positive or negative. So far it’s been rough sledding. And even when the markets have an up day, it was a mess, a big frozen mess. The Nasdaq shut down for about 3 hours today; trading was halted. More on that in a moment. The volatility has been largely tied to the Federal Reserve and the idea that they will taper off the $85 billion a month securities purchases known as QE. Probably. The best bet now is that they will start to trim purchases by $15 billion a month in September, and by the middle of 2014, they will try to stop the QE purchases. Once, we thought it would be tied to the unemployment rate or the inflation rate, but now that’s just a technicality. Of course, the Fed might not actually stick to this course, but that’s the betting for now. Nasdaq said trading was halted in shares it lists because of problems at its Securities Information Processor, the feed that disseminates quotes and prices. So they stopped all transactions. Boom, a little after Noon Eastern. Buying and selling in some of the most heavily …

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