Financial Review

Un-Zapped!

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-08-10-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSJOLTS shows strong labor market. Deficit grows as corporate receipts shrink. Oil drops; Saudis pump American shale producers out of business. BOE can’t buy me bonds. The politics of burgers; Wendy’s un-zapped. Solar doesn’t shine. Happy birthday Google, or Alphabet, or whatever. Financial Review by Sinclair Noe for 08-10-2016

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Financial Review

CoCo Pop

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-02-09-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 02-09-2016 DOW – 12 = 16,014 SPX – 1 = 1852 NAS – 14 = 4268 10 Y – .01 = 1.73% OIL – 1.41 = 28.28 GOLD – .20 = 1189.80   Japanese stocks crashed 5.4%, making for the biggest daily drop since June 2013. The sell-off has the Nikkei hovering near a 16-month low.

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Financial Review

Honey for Bears

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-02-08-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 02-08-2016 DOW – 177 = 16,027 SPX – 26 = 1853 NAS – 79 = 4283 10 Y – .11 = 1.74% OIL – .80 = 30.09 GOLD + 15.50 = 1190.00   This was just an ugly session from the start. The Dow opened about 200 points down and then trickled lower; at one point down more than 300 points. The S&P 500 index broke down through the key level of support at 1860 that I warned you about in January and again last week, taking out the August 2015 lows and the October 2014 lows. The S&P 500 not only took out support from January, but now we look to minor support at 1815, and then, well there isn’t really any support. In other words, the charts look very dangerous here.   And if you prefer fundamentals over technicals; this is what FactSet had to say in its recent report: “For Q4 2015, the blended earnings decline is -3.8%. If the index reports a decline in earnings for Q4, it will mark the first time the index has seen three consecutive quarters of year-over-year declines in earnings since Q1 2009 through Q3 2009.” The difference this time versus 2009 is that valuations are much higher. FactSet data show expectations for first-quarter per-share earnings have collapsed to a decline of 5.5% as of today. Back in September, that forecast …

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