Financial Review

Waiting on the FOMC

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-26-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSMarkets calm ahead of FOMC decision. Apple chopped. Financial Review by Sinclair Noe for 04-26-2016

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Financial Review

The Other Shoe

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-19-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSStocks climb, discounting weak earnings. Still waiting on the Fed, and more Panama Papers names. The heat builds. You deserve a break. Financial Review by Sinclair Noe for 04-19-2016

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Financial Review

More Exciting Than Soccer

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-15-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSClosing numbers, economic data, plus a preview of the Doha meeting on oil, and a look at Brazil’s impeachment. The latest Panama Papers fallout. Time to buy your own cable box.   Financial Review by Sinclair Noe for 04-15-2016

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Financial Review

No F8 but What You Make

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-12-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSThe start of earnings season, oil bounces, Fedspeak, and our F8 is to talk to bots.   Financial Review by Sinclair Noe for 04-12-2016

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Financial Review

A Dodgy Day

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-11-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSEarnings season starts with diminished expectations. UK PM David Cameron tries to justify dodgy deals. Goldman Sachs and Wells Fargo just pay more fines. Financial Review by Sinclair Noe for 04-11-2016

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Financial Review

A Weak Week

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-08-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSS  The Fed tries to jawbone the markets higher but an ugly earnings reporting season starts next week. Oil prices jump as oil spills and the dollar drops. 

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Financial Review

Off to the Races

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-04-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 01-04-2016 DOW – 276 = 17,148 SPX – 31 = 2012 NAS – 104 = 4903 10 YR – .02 = 2.25% OIL – .11 = 36.93 GOLD + 13.50 = 1075.50 The Dow started the morning with a 467 point decline. An inauspicious start to trading in 2016 kicked off, or more accurately fell down, this morning in China. Traders in Shanghai reacted to growing tensions in the Middle East and a drop in one of China’s manufacturing gauges. Fresh manufacturing surveys revived concerns about Beijing’s economic slowdown. China’s manufacturing activity contracted for the 10th straight month in December – the official manufacturing PMI stood at 49.7 in December. The yuan, which began new extended trading hours today, also hit its lowest point in more than four years in both onshore and offshore trade.   The China CSI 300 Index dropped 5% and that triggered circuit breakers that resulted in a 30 minute halt in trading of all stocks. When trading resumed, the traders were scared and they rushed to exit their positions. In a matter of about 7 minutes the Index dropped to a loss of 7%, and the next round of circuit breakers triggered a halt to trading for the remainder of the day.   The benchmark Shanghai Composite index closed the shortened session down 6.85% while the broader CSI 300 index, encompassing the largest listed …

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Financial Review

A Twisted Duck

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-11-04-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 11-04-2015 DOW – 50 = 17,867 SPX – 7 = 2102 NAS – 2 = 5142 10 YR YLD + .01 = 2.23% OIL – 1.38 = 46.52 GOLD – 9.70 = 1108.50 SILV – .20 = 15.16   Federal Reserve Chair Janet Yellen testified before the House Financial Services Committee today. Yellen reiterated that the Fed could raise its benchmark interest rate in December; she said a rate hike “could be appropriate”; the economy is “performing well”; she expects economic growth to continue; the Fed is inclined to raise rates; however, “no decision has been made.”   Many of the Fed’s immediate concerns have come and gone without catastrophe. The global financial markets are slogging along, and Congress managed to pass a budget and raise the debt ceiling. So, there are only a couple of potential impediments between now and a December rate hike. First is the Friday jobs report; if the payroll growth is in line with expectations, or a bit better, and if that report can be followed with another solid jobs report in early December; plus no stumbles on the GDP numbers, plus some hint of inflation, then Yellen says, “December would be a live possibility.”   We could also draw up a list of reasons why the Fed might want to wait: persistent long-term unemployment, weak growth in third quarter GDP, no signs of …

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Financial Review

Watching and Waiting

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-13-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 10-13-2015   DOW – 49 = 17,081 SPX – 13 = 2003 NAS – 42 = 4796 10 YR YLD – .04 = 2.05% OIL – .53 = 46.57 GOLD + 5.00 = 1169.90 SILV + .09 = 16.01   Anheuser-Busch InBev and SABMiller have agreed on terms for a takeover, with the world’s largest brewer set to pay $106 billion. The deal brings one out of every three beers sold worldwide under a single company. Under terms of the agreement, AB InBev would pay a $3 billion break-up fee to SABMiller should the transaction fail to clear regulatory hurdles or shareholders don’t approve of it. If the deal goes through, it would be the biggest acquisition of the year, and the largest in British history. SABMiller’s two largest shareholders, Altria Group and Bevco Ltd., can receive cash and stock for their stakes, which account for 41 percent of the company. They won’t be able to sell the shares for five years; a move that might have tax benefits.   Dell’s $67 billion buyout of EMC appears to be a win for nearly everyone involved – except EMC bondholders. Investors in EMC’s $5.5 billion of bonds are down about $338 million since news of the deal first became public last week. Why’s that? Dell’s plan to raise about $50 billion in debt for the acquisition will push existing bondholders down the …

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Financial Review

Anticipation of Consequences

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-08-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 10-08-2015 DOW + 138 = 17,050 SPX + 17 = 2013 NAS + 19 = 4810 10 YR YLD + .05 = 2.11% OIL + 1.86 = 49.67 GOLD – 6.80 – 1140.00 SILV – .39 = 15.77   This morning was full of anticipation: earnings season scheduled to kick off after the closing bell, the FOMC scheduled to release minutes from their September policy meeting, the House of Representatives scheduled to select a new Speaker of the House. Wisdom consists of the anticipation of consequences.   Earnings season is underway; the unofficial start is when Alcoa reports; ticker symbol AA, they lead the pack alphabetically, and then it just became tradition. The company reported adjusted third-quarter earnings of 7 cents a share on revenue of $5.57 billion. Analysts surveyed by FactSet had estimated earnings of 13 cents a share on revenue of $5.66 billion. Alcoa indicated that China’s industrial economy is slowing more rapidly than expected, as the aluminum producer slashed its production outlook for the country for cars, trucks and construction. And just like that, we have a trend.   Short interest has hit a peak. Short interest on companies listed on the New York Stock Exchange (NYSE) just hit a seven-year high, going back to the 2008 financial crisis. Short interest, or a bet that prices will drop, tends to increase as stocks are falling, and peak …

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