Financial Review

Quads

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-07-19-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: iTunes | Android | RSS…..Dow, S&P, Nasdaq and Russell all close at record highs. Passive investors continue to add money. Big money pros still act skittish. Earnings looking good for now. CBO scores repeal only and it is ugly. House tries a reset with the budget. Financial Review by Sinclair Noe for 07-19-2017

READ MORE →
Financial Review

Complacency Abounds

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-07-14-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: iTunes | Android | RSS…..Dow, S&P, Russell close at record highs. Retail sales fell in June. CPI shows inflation flatline. Industrial production up. Consumer sentiment is strong now but the future sucks. Big 3 banks report earnings, topping profit estimates and dropping on the news. Waiting on a health care bill Financial Review by Sinclair Noe for 07-14-2017

READ MORE →
Financial Review

Halftime

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-06-30-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: iTunes | Android | RSS…..Stock wrap for the day, month, quarter and first half – mainly higher. Wheat wins. Dollar down. Oil down. Buffett wins again. Consumer spending up. Sentiment down. Illinois teeters on junk. Send in the ATF. Happy 4th. Financial Review by Sinclair Noe for 06-30-2017

READ MORE →
Financial Review

Computer Says

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-06-13-2017.mp3Podcast: Play in new window | Download (Duration: 13:16 — 7.6MB)Subscribe: iTunes | Android | RSS…..Dow, S&P, and Russell hit record highs. Computers have taken over stocks. Wholesale inflation flat. Home prices pop. NFIB small biz optimism flat. CFO optimism wanes. Waiting on the Fed. Mr. Sessions in the briar patch. Russian cyberattack was bigger than thought. Financial Review by Sinclair Noe for 06-13-2017

READ MORE →
Financial Review

Like a Bird on a Wire

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-11-11-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSS…..Dow record high. Commodities, financials up. Bonds, tech and emerging markets down. Fed jawbones for higher rates. Trump transition takes shape. Trumpcare takes shape vaguely. Happy Singles Day. App judgment. Super moon rising. Veterans Day thanks. Financial Review by Sinclair Noe for 11-11-2016

READ MORE →
Financial Review

The Last Jobs Report of 2015

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-08-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 01-08-2015 DOW – 167 = 16,346 SPX – 21 = 1922 NAS – 45 = 4643 10 Y – .02 = 2.13% OIL – .34 = 32.93 GOLD – 4.60 = 1105.60   The economy added 292,000 new jobs in December, much higher than estimates of 205,000 to 215,000. The unemployment rate was unchanged at 5.0%. The October and November reports were revised higher to show an additional 50,000 new jobs. In the final three months of 2015, the U.S. added an average of 284,000 jobs. That’s the fastest pace in almost a year. For the past year the economy added 2.7 million jobs. In 2014 the economy added 3.1 million jobs; that’s the best 2 years for job growth since the late 1990s. The economy has added jobs for 70 consecutive months; right at 14 million jobs during that time.  Over the past year the unemployment rate has dropped from 5.7% to the current 5%.   Hiring in December was led by professional firms. They added 73,000 jobs, though almost half were temporary. Construction companies added 45,000 new workers (but that might be more a sign of mild winter weather across much of the country in December, rather than a big upsurge in construction). Over the year, construction added 263,000 jobs, compared with a gain of 338,000 jobs in 2014. Health care employment rose by 39,000, with most of …

READ MORE →
Financial Review

2015 Financial Review

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-12-31-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 12-31-2015 DOW – 178 = 17,425 SPX – 19 = 2043 NAS – 58 = 5007 10 Y – .03 = 2.27% OIL + .45 = 37.05 GOLD + .40 = 1060.20 SILV – .03 = 13.81   This is the final day of the year, and so it is appropriate to review where the markets stand; generally, it was ugly. We’ll take a look at stocks, bonds, the dollar and commodities. It was not an easy year for investors. Nearly 70% of investors lost money this year, according to Openfolio, an app that allows people to track their investment performance and compare their portfolio with other users. Warren Buffett is seeing his worst year since 2008, with Berkshire Hathaway shares down more than 11% year to date. Bill Ackman of Pershing Square Capital sent a letter to investors in December that said 2015 may be the fund’s worst year since it was founded in 2004. 2008 was a terrible year in the stock market, but bonds were up 22%. But this year, not one major asset class had a good year.   If you went to sleep on December 31, 2014 and you just woke up today, you might think nothing happened in 2015. The S&P 500 index started the year at 2058, and closed at 2043, for a loss of 15 points or about 0.7%; with dividends reinvested …

READ MORE →
Financial Review

Slip Sliding Away

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-12-09-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 12-09-2015 DOW – 75 = 17,492 SPX – 15 – 2047 NAS – 75 = 5022 10 YR YLD – .03 = 2.21% OIL – .28 = 37.24 GOLD – 2.10 = 1073.50 Stocks started the day in positive territory but then slipped, and the decline coincided with a drop in oil prices, which also went from positive to negative. Oil prices have buckled following the breakdown of OPEC talks last week. We have a price war breaking out between Saudi Arabia and Iran and US shale producers. At the same time we have Russia, Venezuela, and Brazil all desperate for oil revenues.   But it’s not just oil; iron ore is moving in lockstep with oil, dropping to a 10-year low; Codelco, the Saudi Arabia of copper is refusing to cut output, betting it can outlast rivals and win market share. The major commodity indices have dropped to lows last seen in 1998.  While plummeting commodity prices can be a warning sign that the world economy is heading into recession, the latest sell-off has a different character. The slump is chiefly due to excess production, and amounts to a positive supply shock that should boost global recovery.     Dow Chemical and DuPont are in talks to combine, in what would be one of the largest deals of the year. Each company has a market value of about $60 …

READ MORE →
Financial Review

Times Change

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-09-30-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 09-30-2015   DOW + 235 = 16,284 SPX + 35 = 1920 NAS + 102 = 4620 10 YR YLD + .01 = 2.06% OIL – .14 = 45.09 GOLD – 12.40 = 1116.30 SILV – .13 = 14.62   This is the last trading day of the third quarter. China’s main stock market posted its worst quarter since 2008 and its smaller Shenzhen index, posted its worst quarter in at least two decades. Markets in Singapore and Indonesia are set to post their worst quarters since the financial crisis. The MSCI Asia ex-Japan Index fell 19.1% from the beginning of the quarter. The Nikkei closed out its worst quarter since 2010 and the ASX its worst since 2011.   European stocks moved higher today, but not enough to recover from the worst quarter in 4 years. The Stoxx Europe 600 index is down about 9.5% for the quarter. Germany’s DAX index down 12% for the quarter. France’s CAC index posted a quarterly loss of 7.3%, and the UK’s FTSE 100 down 7.7%. The Eurozone is back in deflation. Consumer prices slipped 0.1% year-over-year in September.   The major U.S. averages had a rough third quarter. Concerns about spillover from slowdown in China and the timing of a Federal Reserve rate hike sent markets into correction territory, or more than 10 percent below their 52-week highs, in late August. The …

READ MORE →
Financial Review

Glitch/Print

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-07-24-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe DOW – 163 = 17,568 SPX – 22 = 2079 NAS – 57 = 5088 10 YR YLD un 2.27% OIL – .31 = 48.14 GOLD + 9.10 = 1100.50 SILV + .08 = 14.84   Well, this turned out to be an ugly week. The Dow lost 600 points from the high a week ago. The Dow lost 2.8% on the week, dropping below its 200 day moving average. The S&P lost 2.1%; Nasdaq down 2.2%. The Russell 3000 was down 3.1% for the week. Amazon gave back about half of yesterday’s gain. Crude oil hit a 4-month low.   And if you are not quite sure what to make of the markets, that is understandable; they aren’t going up and they aren’t going down, we are in a sideways market; this might be the mother of all sideways markets. The Dow is in slightly negative territory year to date. The Dow has moved on either side of breakeven 21 times so far this year. According to research from Bespoke Investment, no other year has been so fickle, the closest being the 20 times the blue chip index swung in both 1934 and 1994. The S&P 500 went through the first half of the year without moving more than 3.5 percent in either direction.   Hedge funds are holding the first ever bet on a decline in gold prices …

READ MORE →