Financial Review

Record High Close

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-09-12-2017.mp3Podcast: Play in new window | Download (Duration: 13:16 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…Dow, S&P 500 ad Nasdaq hit record highs. JOLTS shows tight labor market. Median household income hits 17 year high, sort of. Home prices climb. Florida is powerless. Apple unveils X. Financial Review by Sinclair Noe for 09-12-2017

READ MORE →
Financial Review

Taking on Water

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-11-06-2014.mp3Podcast: Play in new window | Download (Duration: 13:17 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review DOW + 69 = 17,554 SPX + 7 = 2031 NAS + 17 = 4638 10 YR YLD + .03 = 2.38% OIL – .70 = 77.98 GOLD + 1.30 = 1142.30 SILV + .11 = 15.53 Record highs for the Dow Industrial Average and the S&P 500 index. Milk and cookies time. Outplacement consultant Challenger, Gray & Christmas says layoffs increased by 51,000 last month. Layoffs are down 4% from a year ago, and the increase in October follows a 14 year low in September. Meanwhile, the Labor Department reports the number of Americans applying for new jobless benefits fell by 10,000 last week, to 278,000; the eighth straight week under 300,000. This is all part of the setup for tomorrow morning’s monthly jobs report. The big news today comes from the European Central Bank; ECB president Mario Draghi announced the central bank will increase its balance sheet by €1 trillion, or about $1.2 trillion, over the next 2 years. Interest rates are already at record lows, and Draghi has said they can go no lower. The ECB has issued long-term loans to banks and started buying covered bonds in the hope of flooding the economy with enough liquidity to ease credit constraints. Purchases of asset-backed securities are due to start this month. Exactly what the ECB will purchase remains uncertain, but they are likely to move into the €1.4 trillion …

READ MORE →