Financial Review

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Jan. 23, 2019 —- THE SENATE WILL VOTE ON COMPETING BILLS TO END THE SHUTDOWN. BOTH ARE LIKELY TO FAIL – Vice. No end in sight. ‘Uncertainty is not good for anyone’: America’s biggest companies are starting to reveal the impact of the government shutdown – Business Insider. As the shutdown continues, its ill effects mount – The Economist. Day 33 Trump tells Pelosi he will still give State of the Union, setting up possible showdown – CNBC. They are standing up for an important principle, and as soon as we figure out what it is, you will be the first to know. Political drama is putting a lid on the stock market, Goldman analysts say –  Marketwatch. Bump, slump. Panic is on the agenda at Davos – but it’s too little too late – The Guardian. We should hire someone to clean that up. Opposition Leader Declares Himself Venezuela’s President in Direct Challenge to Maduro – New York Times. Let’s Be Real About China Trade Talks – Bloomberg. The reality is no deal, and March is fast approaching. Microsoft’s web browser now warns users about untrustworthy news. Here’s how your favorite publications stack up. – Business Insider. Government debt hits record $66 trillion, 80% of global GDP, Fitch says – CNBC. A billion here, a billion there; pretty soon you’re talking about real money.

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Financial Review

Davos Populism

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-26-2018.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…Record highs for Dow, S&P, and Nasdaq. 4Q GDP at 2.6%; economy grew 2.3% for 2017. Dec. durable goods up 2.9%. Trump floats America First in Davos. Dollar continues to crater. States sue over SALT. The final days of Sears? Bombardier ok. Financial Review by Sinclair Noe for 01-26-2018

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Financial Review

Dollarish

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-25-2018.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…More records for Do, S&P. New home sales slip. LEI jumps higher. ECB holds pat, Draghi hits US over dollar talk. Trump in Davos – say what? Deaton says US has a poverty problem. Earnings parade: Starbucks, Intel, Cat, 3M. Financial Review by Sinclair Noe for 01-25-2018

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Financial Review

Dollar Down the Slopes

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-24-2018.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS….Dow record high close. Mnuchin and Ross talk dollar in Davos. I’ve seen smarter cabinets at Ikea. Punishing sanctuary. Existing home sales slam up against tight inventory. Earning season rolls along. Toys R Us closing 20% of stores. Bank of America charges usurious rates for deposits. Financial Review by Sinclair Noe for 01-24-2018

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Financial Review

Sun Tariff

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-23-2018.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS….Dow slips slightly – elsewhere, more record highs. Netflix boffo. J&J and P&G slip. Disney bonus. Kimberley Clark layoffs. Oxfam: inequality grows. Trump to Davos. Tariffs on solar and dishwashers. TPP a go. 3X FANG ETNs. Apple HomePod late to the show. Financial Review by Sinclair Noe for 01-23-2018

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Financial Review

Meet the Press

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1A-01-11-2017.mp3Podcast: Play in new window | Download (Duration: 12:16 — 5.6MB)Subscribe: Apple Podcasts | Android | RSS…..Nasdaq record. Trump meets the press, markets genuflect, hilarity ensues, sort of. World Bank cuts global forecast. World Economic Forum puts climate change as top risk for 2017. Wells Fargo “Age of Discontent”. Bill Gross v. Jeff Gundlach; 2.6% v 3.0%; and the end of an era. Cars, airplanes and yieldcos. Financial Review by Sinclair Noe for 01-11-2017

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Financial Review

ECB QE

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-22-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW + 259 = 17,813 SPX + 31 = 2063 NAS + 82 = 4750 10 YR YLD + .04 = 1.90% OIL – 1.24 = 46.54 GOLD + 9.20 = 1303.10 SILV + .20 = 18.41 The European Central Bank has launched a quantitative easing program, which together with existing programs, will pump €60 billion per month into the Eurozone economies through the purchase of public and private securities, mainly government bonds. The QE program will run through September 2016 with a total price tag of €1 trillion (or $1.3 trillion dollars). So, it’s a big money printing, QE party for the Eurozone, except for Greece. The central bank effectively shut Greece out of the bond buying until July, and only then if Greece passes a review of its current bailout program. That program is heavy on debt reduction and austerity. The country’s existing program of financial support expires at the end of February. The government will run out of money by June without further aid. Greece holds elections on Sunday. The Syriza party is expected to win the election. Syriza would like to default on existing debt and scrap the current bailout program; essentially challenging the status quo of fiscal austerity policy. What happens if Syriza wins the election on Sunday? Well, they will probably claim that fiscal austerity has contributed to the despair and poverty of …

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Uncategorized

Wednesday, January 22, 2014 – A Mixed Bag

A Mixed Bag by Sinclair Noe DOW – 41 = 16,373SPX + 1 = 1844NAS + 17 = 424310 YR YLD + .04 = 2.86%OIL + 1.69 = 96.66GOLD – 3.80 = 1237.80SILV – .07 = 19.90 Another mixed day on Wall Street. It’s earnings season. IBM reported quarterly revenue that missed estimates for the fourth straight quarter, due to a steep fall in demand for servers and storage products in emerging markets such as China. IBM thinks part of the reason for declining revenue was backlash from emerging economies against US government spying. IBM was down enough to drag the Dow Industrials into negative territory for the day. Coach, the handbag maker, was the biggest loser in the S&P 500 after posting disappointing sales in North America. United Technologies, the air conditioner and elevator company, reported higher fourth-quarter profit that topped Wall Street estimates, though revenue fell shy of expectations. Norfolk Southern posted a 24 percent rise in quarterly income. After the close, Netflix reported higher profit for the fourth quarter as the company added 2.3 million customers to its TV and movie streaming service in the United States. A mixed bag of earnings today. Not much to cause the bulls or the bears to run. Target Corp said it will stop offering health coverage to part-time workers, citing new public insurance exchanges floated by the US government. Less than 10 percent of the company’s 361,000 employees currently participate in the insurance plan that is being discontinued. Target is …

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Uncategorized

Tuesday, January 21, 2014 – Real Risks

Real Risks by Sinclair Noe DOW – 44= 16,414SPX + 5 = 1843NAS + 28 = 422510 YR YLD unch = 2.82%OIL + .67 = 95.26GOLD – 13.00 = 1242.70SILV – .41 = 20.01 Wall Street’s attention this week will mainly focus on earnings reports given the dearth of economic data. There are only a few important economic reports this week, all of which will be released on Thursday. Thursday’s reports include the November FHFA housing price index (expected +0.3% m/m), December existing home sales (expected +1.0%), and December leading indicators (expected +0.2%). The Treasury on Thursday will sell $15 billion of 10-year TIPS. The markets will be looking to next week’s FOMC meeting where the consensus is that the FOMC will taper QE3 by another $10 billion to $65 billion per month. Global stocks found support as Chinese money-market rates dropped after the People’s Bank of China added funds and expanded access to a lending facility after the 7-day repurchase rate had surged 153 basis points to a 1-month high of 6.32% on Monday. In an attempt to alleviate a liquidity squeeze, the PBOC added more than 255 billion yuan ($42 billion) into the financial system and will allow small and medium-sized Chinese banks to access its Standing Lending Facility for loans of up to 2-weeks on a trial basis before China’s Lunar New Year holiday begins on Jan 31; this was in addition to a liquidity injection made just yesterday for an unspecified amount. The yield on Portugal’s …

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