Financial Review

Go Placidly

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-S_EG_1-05-19-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: iTunes | Android | RSS…..Stocks bounce today but down for the week amid the noise and hast. Oil tops $50. Brazil’s faces more corruption problems. AT&T weekend strike. Fiat-Chrysler and VW work on diesel scam fix. Student loan debt collection wasted. Americans don’t have a cash cushion. We know where the money is hiding.   Financial Review by Sinclair Noe for 05-19-2017

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Financial Review

Undo Send

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-06-23-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe DOW + 24 = 18,144 SPX + 1 = 2124 NAS + 6 = 5160 10 YR YLD + .05 = 2.41% OIL + .33 = 61.01 GOLD – 7.90 = 1179.00 SILV – .33 = 15.94   This was a flat day on Wall Street. Most of the session saw the major averages hovering around breakeven. The Nasdaq Composite eked out another record high. The economic news was mixed; durable goods orders were weak but new home sales were fairly strong. While stocks have been trading in a very tight range to start the year, some might call it boring. The Standard & Poor’s 500 index hasn’t posted a gain or loss of 2 percent or more for 126 days, the longest streak since one ending in February 2007. Meanwhile, the bond market has been pretty exciting but not in a good way. Longer-dated Treasuries have been jumping all over the place, posting some of the biggest back-to-back gains and losses on record as the Federal Reserve talks about raising interest rates and European leaders act out a Greek tragedy.   The bond market is supposed to be a safe haven, and so bond investors have pulled $327 million from exchange-traded funds focused on this longer-dated debt in the past week alone, and $1.4 billion year-to-date.   The Commerce Department says non-defense capital goods orders excluding aircraft rose 0.4 …

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Financial Review

The Moral and Economic Issue of Our Time

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-22-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe DOW + 88 = 18,038 SPX + 10 = 2107 NAS + 21 = 5035 10 YR YLD + .06 = 1.98% OIL – .45 = 56.16 GOLD – 15.00 = 1187.80 SILV – .22 = 15.86   The National Association of Realtors reports existing home sales increased 6.1% in March, the fastest pace of sales in 18 months. The jump in March sales follows a couple of slow months due, at least in part, to bad winter weather. But the latest figures suggest the mix of low mortgage rates, steady job creation and pent-up demand could push full-year sales to prerecession levels. Mortgage rates also are still near their lows for the year. The average interest rate on a fixed, 30-year mortgage was 3.67% last week, down from 4.27% a year ago, according to Freddie Mac’s latest weekly survey.   Greece will not present a list of economic reforms to Eurozone finance ministers on Friday; the deadlines don’t really help and they might even hurt because they lead to brinksmanship in negotiations on what reforms the Syriza government in Greece needs to do to secure more funding. There are signs Greece’s creditors are curbing demands for far-reaching reforms as part of current talks, perhaps a realization that they can’t get blood from a turnip, but the softening stance comes on condition Greece stays co-operative on fiscal targets. The liquidity situation in …

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