Financial Review

A Ploy

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-06-04-2018.mp3Podcast: Play in new window | Download (Duration: 13:16 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…Nasdaq record high. Trade wars on the horizon. G-6-plus-1 later in the week. M&A around the world. Microsoft gets Github. Buybacks, M&A, & dividends push markets. Apple WWDC. Facebook, again. Financial Review by Sinclair Noe for 06-04-2018

READ MORE →
Financial Review

Lie or Be Lehman

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-05-27-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW + 121 = 18,162 SPX + 19 = 2123 NAS + 73 = 5106 10 YR YLD – .01 = 2.13% OIL – .38 = 57.65 GOLD + .20 = 1189.00 SILV – .07 = 16.75   Yesterday the Dow posted a triple digit loss, today a triple digit gain; not enough to cover yesterday’s losses. The Nasdaq was higher on strength in semiconductor stocks; the Nasdaq posted a new record high close, taking out the high from April 24. The dollar was slightly stronger, oil was down again.   Severe storms and devastating floods over the weekend in Texas and Oklahoma have killed at least 19 people. Another 14 people are missing in Texas, including eight members of two families whose vacation home was swept away. The flooding has also resulted in complications for business travelers. About 11 inches of rain fell in Houston on Monday while parts of Austin have been hit by as much as 7 inches. Helicopter crews in both cities rescued people who had been stranded in cars and on top of buildings. The National Weather Service issued a new flash flood warning today.   The IRS says tax return information for about 100,000 U.S. taxpayers was illegally accessed by cyber criminals over the past four months. The stolen information included tax returns and other tax information on file with the IRS. The IRS said …

READ MORE →
Uncategorized

Tuesday, February 12, 2013 – The Battles to Come

The Battles to Come by Sinclair Noe DOW + 47 = 14,018SPX + 2 = 1519NAS- 5 = 318610 YR YLD + .01 = 1.97%OIL + .48 = 97.51GOLD + 3.00 = 1652.30SILV + .17 = 31.22 The all-time high in the S&P 500 index is 1565. The all-time intraday high in the Dow Industrials is 14, 198.10, reached in October 2007. We are close. After years of acting like deer in the headlights, investors are now throwing cash at the stock markets. Meanwhile, insiders are selling. Google’s CEO is selling more than 40% of his stock. He didn’t sell hardly anything from 2008 through now. There is a thought that insiders are selling now and mom and pop investors are buying, and once we work through this exchange, the markets will tank. This theory is being called the grand rotation. Ahead of tonight’s State of the Union Address, the White House has followed custom by leaking tidbits from the speech. It is expected the president will talk about North Korea testing a nuclear bomb; this, for the third time, and bigger than ever. Apparently Mr. Obama will also announce that 34,000 out of 66,000 troops will come home from Afghanistan by this time next year, which sounds better than it is. That means the Pentagon is roughly on pace to hand over security to the Afghans by the end of 2014, as Mr. Obama has long promised. It also means there will still be more than 30,000 troops in …

READ MORE →
Uncategorized

Wednesday, June 06, 2012 – Rally for Central Bank Juice – by Sinclair Noe

DOW + 286 = 12,414 SPX + 29 = 1315NAS + 66 = 284410 YR YLD +.10 = 1.65%OIL +.51 = 85.53GOLD + 2.80 = 1620.70SILV +.90 = 29.53PLAT + 26.00 = 1468.00 There have been several ideas floated to explain today’s rally on Wall Street: the markets were oversold, it was a technical bounce off the 200 day moving average, it was a dead cat bounce, traders who have shorted the market had to cover their positions, a response to Election Tuesday results, seller exhaustion, re-balancing, or my favorite – bargain hunting. How quick we forget. Goldman Sachs has already announced they expect the Federal Reserve to juice the economy and soon. So, apparently the work order has been submitted and now we just wait to see if Helicopter Ben can deliver the goods. Today, the general market feeling was that some central bank somewhere would start throwing money at the banksters. European Central Bank President Mario Draghi suggested that further stimulus to tackle the euro zone’s debt crisis would not necessarily be forthcoming, but speculation persisted that the ECB could act if financial market tensions intensify further. The ECB left interest rates unchanged following its policy meeting today. The Euro economy is standing at the edge; unemployment is soaring; the Spanish banking system is on the verge of collapse; Greece is already toast. And it looks like the ECB is trying to make sure the Euro-politicians know they won’t get any relief unless they enforce even more austerity …

READ MORE →

Tuesday, June 5, 2012 – Waiting for Euro-Failure – by Sinclair Noe

DOW + 26 = 12,127 SPX + 7 = 1285NAS + 18 = 277810 YR YLD +.03 = 1.56% OIL – .23 = 83.75GOLD – 1.40 = 1617.90SILV +.27 = 28.63PLAT + 10.00 = 1444.00 So, the G-7, the Group of 7 countries conferred on the Euro-zone’s debt crisis; Spain announced it was losing access to credit markets; the situation appears bad. So, the G-7 finance chiefs came riding to the rescue. And they achieved almost zero. Spain had a real estate bubble. Spanish banks are loaded down with bad debt. The premium investors demand to hold its 10-year Spanish debt over the German equivalent hit a euro era high last week on concerns it will eventually have to take a Greek-style bailout. Today, Spain’s treasury minister said Spanish banks should be recapitalized through European mechanisms, in other words the Spanish banks need a bailout and Spain can’t bail them out; this was a significant departure from the previous government line that Spain could raise the money on its own. And then Spanish government sources said ehhh, we’re not sure about a bailout. And the G-7 did almost zero. Observers of the G-7 conference say that there was talk about a bigger solution, a bigger response from the politicians in the form of a stronger economic union; and the talk was that it would probably take a few months to figure it out, maybe a few years; and it doesn’t look like there is a quick fix. The ECB holds …

READ MORE →

Monday, June 4, 2012 – Euro-crisis Moving Faster

DOW – 17 = 12,101SPX +0.14 = 1278NAS + 12 = 276010 YR YLD +.06 = 1.53%OIL +.15 = 84.13GOLD – 8.00 = 1619.30SILV – .42 = 28.36PLAT – 19.00 = 1434.00 Finance chiefs of the Group of Seven leading industrialized powers will hold emergency talks on the euro zone debt crisis tomorrow. The economic problems have spread and the G-7 teleconference is at least an admission that the euro is breaking down as a viable economic undertaking. We are finally moving past denial. There’s something rotten in Denmark; the Danish central bank cut interest rates twice last week; they say they’re battening down the hatches for a splintering of the European Monetary union. The European Commission said monetary union was in danger of “disintegration” and the European Central Bank said it was “unsustainable” as constructed. Felipe Gonzalez,the former Spanish prime minister says the Spanish economy is facing a “total emergency”, which is – just guessing here – a bit more problematic than a partial emergency. The Cypriot banking system is nine times the country’s GDP and they are now begging for a bailout. What a shocker. Cyprus is on the verge of becoming Iceland South. Switzerland is threatening capital controls to repel bank flight from Euroland. The Swiss two-year note has fallen to -0.32%; if you want to park money in the safe haven of Swiss bonds, you pay for the privilege. US 10-year note yield dropped down to 1.44%, lower than during the Great Depression. The United States …

READ MORE →