Financial Review

Never Ending Pi

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-14-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..Waiting on the Fed. Saudis cheat on cuts. PPI pops. Small biz optimism dips. FDIC calls for Glass-Steagall (ish). Low volatility on Wall Street. Neiman Marcus sales. Moneygram sweetener. Goodbye Ruby Tuesday? Brexit coming. Wayne Tracker, CEO. EPA cuts; mayors fight back. Goodenough battery breakthrough. Happy Pi Day. Financial Review by Sinclair Noe for 3.14159…2017

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Financial Review

Shut Up

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-02-24-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..Dow record in the final seconds. Trump blasts fake news at CPAC. Spicer blocks news media at White House. Oil investors go way long on backwardation. Saudi Aramco overvalued. Exxon calls for carbon tax. Sessions brings back private prisons. JC Penney will shut down more stores. Waymo sues Uber. Financial Review by Sinclair Noe for 02-24-2017

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Financial Review

Count Your Pants and Shirts

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEGH_1-02-23-2017.mp3Podcast: Play in new window | Download (Duration: 13:16 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..Dow hits 10th straight record. Thus spake Mnuchin. How to create jobs. Oil inventories slim down. More jobs in wind than oil. XOM de-books oil reserves. US-Europe flights for $65. McDonald’s soda for one buck. Ghosn gone. Earnings reports. Financial Review by Sinclair Noe for 02-23-2017

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Financial Review

Take the Overs

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-28-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSS…..Clinton emails hit trading. 3Q GDP 2.9%. October was a little bad for stocks and bonds but great for M&A. Google Fiber on pause. Exxon just lost 4.6 barrels of in-ground reserves. Earnings pull out of a long decline. Financial Review by Sinclair Noe for 10-28-2016

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Financial Review

Groovin

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-07-29-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSS&P record. GDP slumps. BOJ passes and preps for helicopter money. Eurobanks graded on a curve. Earnings good for tech and bad for oil. This ABInBev-SABMiller Bud’s for you. Financial Review by Sinclair Noe for 07-29-2016

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Financial Review

Seven Straight

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-07-18-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSMore record highs on Wall Street. Earnings season points to earnings recession. Homebuilders are confident. Softbank buys ARM Holdings, and other merger news. VW will pay dealers. Fiat may face fraud charges.   Financial Review by Sinclair Noe for 07-18-2016

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Financial Review

Two Days!

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-05-25-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSA two day rally. Citi gets off easy. HP gets twisted. Families struggle. Robots build phones and serve pizza. Financial Review by Sinclair Noe for 05-25-2016.

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Financial Review

Illusion of Growth

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-05-17-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSInflation up, housing starts rebound, 1Q share buybacks at a new high, IMF eases on Greece, robot truckers, and Supremes punt. Financial Review by Sinclair Noe for 05-17-2016

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Financial Review

An Ugly Night in Arizona

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-23-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSDollar up, oil down… and out of the Rockefeller Fund. Plus, election slime in Arizona.

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Financial Review

Moderate to Mixed

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-02-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 03-02-2016   DOW + 34 = 16,899 SPX + 8 = 1986 NAS + 13 = 4703 10 Y + .01 = 1.85 OIL + .40 = 34.80 GOLD + 7.80 = 1240.50   Today the equity markets were regaining their footing after a big move yesterday. Treasury yields rose as job market data reinforced the view that the Federal Reserve will raise interest rates later this year. Crude fell below $35 a barrel after earlier hitting a two-month high. Government data showed inventories rose by 10.4 million barrels to 518 million in the week to Feb. 26, almost triple the 3.6 million-barrel increase expected by analysts. Asian stocks rose overnight to a two-month high with Japan’s and China’s main indexes both up more than 4 percent.   The European Central Bank will review its stimulus next week against a background of heightened economic risks and weaker-than-expected inflation. ECB President Mario Draghi sent a letter to European lawmakers underlining the bank’s readiness to use all its tools to drive up prices. The Eurozone slid back into deflation in February, driving the ECB further from its inflation target of just below 2%.   Moody’s Investors Service has lowered the outlook on China’s credit rating from stable to negative. Moody’s writes: “Without credible and efficient reforms, China’s GDP growth would slow more markedly as a high debt burden dampens business investment.” Moody’s current …

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Financial Review

A Go Figure Bounce

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-02-24-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 02-24-2016   DOW + 53 = 16,484 SPX + 8 = 1929 NAS + 39 = 4542 10 Y – .01 = 1.74% OIL + .36 = 32.23 GOLD + 3.00 = 1229.40   Stock markets closed down in Asia and European shares dropped the most in two weeks. Investors continue to use oil prices as a gauge of the global economy. At an event in Houston on Tuesday, Saudi oil minister ruled out production cuts anytime soon, sending crude sharply lower despite talk of a mid-March oil producer meeting. New API figures showing a further build in U.S. stockpiles are also weighing on oil. Oil’s retreat, together with slowing growth in China, has dragged down global stocks about 8% since the start of the year.   Miners fell again, with Glencore and BHP Billiton losing more than 8% on the day. Statoil and Royal Dutch Shell were leading energy-related companies lower. Iran said the plan to freeze oil production was “ridiculous.”  Every member of the Stoxx 600 Banks Index declined.   For most of the session today, Wall Street was down. The Dow Industrial average started the morning with a 250 point drop, and was down about 150 points for most of the session, until the final hour of trade when suddenly and without much reason, stocks turned higher, oil turned higher, treasuries turned lower, and gold tanked. …

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Financial Review

Groundhog Day EP

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-2-02-02-2016.mp3Podcast: Play in new window | Download (Duration: 20:26 — 9.4MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 02-02-2016 DOW – 295 = 16,153 SPX – 36 = 1903 NAS – 103 = 4516 10 Y – .10 = 1.86% OIL – 1.74 = 29.88 GOLD + 1.00 = 1130.00   A big move for stocks and bonds today. While a 295 point drop, or 1.8%, in the Dow will attract some headlines, we also saw a less flashy move in bonds, with the yield on 10-year Treasuries drop 10 basis points, to 1.86% – that’s a 5.2% drop. After hitting resistance levels from October, yields continued dropping to lows last seen in April.   Stocks moved lower again, following the trail of oil prices, which dropped 5.5% today to close below $30 a barrel. Not a big surprise because the trend has been lower, and a trend in place is more likely to continue than it is to reverse. We are definitely in a downtrend. The S&P 500 is now right at 10% below its May record, which means correction territory, not a  bear market, although many stocks in the S&P are in bear market territory –  specifically the energy stocks.  The rally last week looks like not much more than end-of-month reshuffling, which happened at the same time the Bank of Japan surprised the markets with negative interest rates, but the BOJ can’t announce negative interest rates every day.   Right now, any rally …

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Financial Review

Times Are Changing

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-30-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 10-30-2015 DOW – 92 = 17,663 SPX – 10 = 2079 NAS – 20 = 5053 10 YR YLD – .04 = 2.14% OIL + .37 = 46.43 GOLD – 4.50 = 1142.00 SILV – .12 = 15.56   The Senate officially passed the budget deal this morning, averting debt default next week or a government shutdown in December. The agreement will increase spending by $80 billion above sequestration caps for military and domestic programs and lift the debt ceiling through March 2017. The House approved the deal on Wednesday and President Obama will now sign it into law.   The cost of employing the average U.S. worker sped up in the third quarter after a record-low increase in the spring. The employment cost index advanced a seasonally adjusted 0.6% from July to September after a 0.2% gain in the second quarter. Wages – some 70% of employment costs – rose 0.6% in the third quarter. Benefits increased 0.5%. Over the past 12 months, employment costs have risen an unadjusted 2%. This is an old story. Despite some ups and downs over the decades, US household incomes have been roughly stagnant for about 30 years. Even though wages have been stagnant, consumers keep consuming.   Core prices, which strip out food and energy costs, rose 0.1% from August and are up 1.3% from a year earlier. Consumer spending rose …

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Financial Review

Anti-Austerity Gets Wind in Sails

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-02-02-2015.mp3Podcast: Play in new window | Download (Duration: 12:46 — 5.8MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW + 196 = 17,361 SPX + 25 = 2020 NAS + 41 = 4676 10 YR YLD – .01 = 1.67% OIL + 1.59 = 49.83 GOLD – 9.30 = 1274.80 SILV – .05 = 17.28 Americans cut spending in December by the largest amount since 2009; we knew spending on energy would be lower but consumers did not rush out and spend the money. Household savings from lower energy costs, were partly offset in December by higher spending on drugs, health care and housing. These expenses continue to eat up a large portion of American incomes. Incomes posted another solid gain and falling inflation is allowing Americans to get more bang for their buck. Personal spending fell a seasonally adjusted 0.3% last month. Personal income, meanwhile, rose 0.3%. Since income growth outpaced spending, the amount of money individuals save jumped to 4.9% from 4.3% to mark the highest level since midsummer. The Commerce Department reports construction spending rose 0.4% in December to a seasonally adjusted annual rate $982.1 billion, led by public spending. Private-construction spending rose 0.1% in December, with a 0.3% increase for residential projects and a 0.2% decline for nonresidential projects. Meanwhile, public-construction spending rose 1.1% in December. The ISM Manufacturing Report for January dropped from 55.1 to 53.5. Any reading above 50 indicates the manufacturing sector is expanding, just not as fast. Germany’s Angela …

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