Financial Review

91 Days

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-02-22-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..Another Dow record. Fed minutes show rate hike “fairly soon”. Existing home sales jump. Shortage of construction workers. Fannie and Freddie must pay government, not shareholders. Facebook plays ball. First Solar beats. Verizon tests 5G. UPS tests drones. Amazon Bigthanks. Financial Review by Sinclair Noe for 02-22-2017

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Financial Review

Break Down

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-11-01-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSS…..Stock break support. Fed starts FOMC meeting. BOJ holds steady below zero. ISM manufacturing up. Obamacare open enrollment starts. Construction spending drops. Corelogic home price index up. Cars sales down in October. Gas pipeline blowout in Alabama. Oil drops. Shell makes more than Exxon. Freddie Mac pays off. Valeant under investigation but they can still sell their assets. Financial Review by Sinclair Noe for 11-01-2016

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Financial Review

School’s Out

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-05-03-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSISDAfix settled, Fed jawbones, Detroit schools closed, and other economic news of the day. Financial Review by Sinclair Noe for 05-03-2016

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Financial Review

Quickly Dying Here

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-11-03-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 11-03-2015 DOW + 89 = 17,918 SPX + 5 = 2109 NAS + 17 = 5145 10 YR YLD + .03 = 2.22% OIL + 1.73 = 47.87 GOLD – 16.90 = 1117.50 SILV – .22 = 15.29 New orders for factory goods fell for a second consecutive month in September as the manufacturing industry continues to struggle under the weight of a strong dollar and deep spending cuts by energy companies. The Commerce Department said new orders for manufactured goods declined 1 percent in September after a downwardly revised 2.1 percent drop in August. Motor vehicle production, however, remains a bright spot as orders surged in September.   Fiat Chrysler reported its 67th straight month of year-over-year gains, selling 195,545 vehicles in the month of October, up 14.7% from a year earlier. Toyota said it sold more than 200,000 vehicles, which would be a double-digit rise from last October’s 180,580 vehicles. Toyota did not give a specific sales figure.   General Motors, the nation’s largest automaker, said it sold 262,000 vehicles during the month, a 15.9 percent increase from a year ago. Ford Motor said it sold 205,000 vehicles in October, a 13.4 percent increase over a year ago. Ford’s F-Series pickup continued to be the country’s best-selling vehicle with sales of 65,000 during the month. The US auto industry’s October sales are now expected to top 18 …

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Financial Review

Too Much Pie

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-12-01-2014.mp3Podcast: Play in new window | Download (Duration: 13:17 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Reivew by Sinclair Noe DOW – 51 = 17,776 SPX – 14 = 2053 NAS -64 = 4727 10 YR YLD + .02 = 2.22% OIL + 3.22 = 69.37 GOLD + 44.30 = 1213.80 SILV + .88 = 16.56 Last week I said that you can never eat too much pie. I would like to amend that statement. That was a long weekend. While we were gone, the Dow hit another record hit on Friday, the 31st of the year. Dow stocks are still up about 7% for 2014; with all these record high closes, you might think it would be more, and you might think you could just throw a dart at any of the Dow 30 stocks and hit a winner. Unfortunately, not all Dow stocks were able to revel in the year’s rallies. In fact, nearly one-third of the market’s companies had negative returns this year. Big names that are down, including: Boeing – down about 7% despite fairly strong sales of airplanes, IBM – down 13% as they try to figure out what their business is, General Electric – is off about 6%, United Technologies – down about 3%, and Chevron – down about 6% for the year as oil prices have been sliding. The oil companies are about the only ones not happy with lower oil prices. On Thursday, as we were enjoying turkey and way too …

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Financial Review

Fluctuations

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-01-2014.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review DOW – 238 = 16,804 SPX – 26 = 1946 NAS – 71 = 4422 10 YR YLD – .10 = 2.40% OIL – .43 = 90.73 GOLD + 4.30 = 1214.00 SILV + .20 = 17.28 Yesterday, we talked about third quarter results. Most of the stock indices were down in September but still slightly positive for the third quarter. Today wiped out the third quarter gains. Why? Well, that’s always fun; the headlines offer a plethora of reasons, including “global worries” or maybe it’s a “market top” or “geopolitical hotspots” or “commodity crash” or maybe it’s just the start of a “rocky October”. I don’t claim to know why the markets dropped today, or any given day. I can read a chart, and I can identify patterns, but there are no guarantees. We follow macroeconomics and we analyze company P&Ls, but there are no guarantees. We do not get stuck in cheerleader mode like the talking heads on TV business shows, nor do we follow the perma-bears. Markets fluctuate; to paraphrase a line from J.P. Morgan, or maybe John Rockefeller. “Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.” That’s a quote from Warrant Buffet. We don’t yet know whether this is folly or a trend. We’ll just have to listen to the markets. The Institute for Supply Management’s index …

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Thursday, November 07, 2013 – The Road Not Taken

The Road Not Taken by Sinclair Noe DOW – 152 = 15,593SPX – 23 = 1747NAS – 74 = 385710 YR YLD – .03 = 2.61%OIL – .51 = 94.29GOLD – 10.00 = 1308.60SILV – .14 = 21.77 Big story on Wall Street today was the Twitter IPO. I will now tell you everything you need to know about it in 140 characters or less. TWTR IPO 2day. Priced @ $26. Pop 2 $50. Close @ 44.90 up 72%. Market cap = $24 bil, earnings = < zero. Smooth not Facebook. #bubblicious Economic growth accelerated in the third quarter. Gross domestic product grew at a 2.8 percent annual rate, the quickest pace in a year, after expanding at a 2.5 percent clip in the second quarter. Inventories, however, accounted for a 0.8 percentage point of the advance made in the third quarter, as businesses restocked shelves, but the slowest expansion in consumer spending in two years suggested an underlying loss of momentum. Consumer spending expanded at a 1.5 percent rate, the slowest pace since the second quarter of 2011. It grew at a 1.8 percent rate in the April-June period. So, unless there is a surge in 4thquarter demand, we might see future production reduced to clear out inventories. The economy grew at a 1.8 percent rate in the first half of 2013, expect growth of around 1.5% for the fourth quarter. The private sector decelerated over the summer, providing less of a cushion for the government shutdown in October. …

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Wednesday, December 19, 2012 – You Can’t Kill a Bank, Even With a Bushmaster

You Can’t Kill a Bank, Even With a Bushmaster by Sinclair Noe DOW – 98 = 13,251SPX – 10 = 1435NAS – 10 = 304410 YR YLD -.03 = 1.80%OIL + 1.49 = 89.42GOLD – 5.00 = 1666.90SILV – .66 = 31.08 All right, let’s start with a refresher course; Libor stands for the London Interbank Offered Rate. It’s the rate at which banks are able to borrow money from each other. The lower a bank’s rate (banks submit their own rates) the healthier it’s deemed to be. If you’re balance sheet is healthy, you get a low rate when you borrow. If your balance sheet is known to contain toxic assets, you have to pay a higher rate to borrow. The rates were especially indicative of banks’ health during the peak of the financial crisis when the markets were all but frozen and access to funds were limited. The Libor rate is determined daily; sixteen banks submit their rates to an agency; the four highest rates are wiped out and the four lowest rates are wiped out. The result is averaged and the daily Libor rate is published. It would take more than one bank to manipulate the rates. But once the rate is published it affects trillions of dollars of financial instruments around the globe. More than a dozen banks in the U.S. and Europe are under investigation for Libor rate rigging. Even though it is not really surprising, the sheer scope and audacity of the market manipulation …

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Wednesday, October 24, 2012 – Do the Hustle

Do the Hustle by Sinclair Noe DOW – 25 = 13,077 SPX – 4 = 1408 NAS – 8 = 298110 YR YLD +.01 = 1.77%OIL – .43 = 88.30GOLD – 6.20 = 1702.50SILV + .06 = 31.83PLAT – 12.00 = 1566.00 Someday, we’ll get through a whole week without having to report on the never-ending string of bad behavior by the big banks. I thought this might be the week. There were other things in the news; the Presidential debate on Monday; the Federal Reserve FOMC meeting today. We even had a proxy for the bad banks; the giant insurance company AIG reached a settlement with 39 states for creating a death list, where they would stop paying on annuities when someone died but they wouldn’t look for beneficiaries of a life insurance policy. Then to top it off the CEO, Robert Benmosche, said he was indignant that nobody in the government had thanked him for paying back the bailout money that kept the company from total collapse 4 years ago. And over the past couple of weeks, Chase and Wells Fargo were sued for shoddy and virtually non-existent underwriting of mortgages that failed. Who was left? You might think the big bad banks would take the week off from the news cycle. Yes, someday, we’ll break the bonds of this gruesome litany of dirty deeds; someday this war will end. But not today. The latest federal lawsuit over alleged mortgage fraud paints an unflattering picture of a doomed …

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