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

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

An Imperfect Circle

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-14-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSS  Waiting on the Fed FOMC. The FCIC recommended criminal investigation of banksters but the DOJ lost the memo.  And today is Pi Day.

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Financial Review

Where Robots Fear to Tread

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-10-2016.mp3Podcast: Play in new window | Download (Duration: 13:15 — 6.1MB)Subscribe: iTunes | Android | RSSECB Day and Draghi fires the bazooka. Also, the fifth anniversary of Fukushima.

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Financial Review

Falling Knives

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-08-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 03-08-2016   DOW – 109 = 16,964 SPX – 22 = 1979 NAS -59 = 4648 10 Y – .07 = 1.83% OIL – 1.67 = 36.23 GOLD – 6.50 = 1261.50     Small business confidence declined further in February as lingering concerns about sales growth and profits hurt capital spending and hiring plans. The National Federation of Independent Business (NFIB) said its small business optimism index dropped one point to a reading of 92.9 last month, with none of the index’s components showing an increase. The index decreased 1.3 percentage points in January. Spending and hiring plans weakened a bit as expectations for growth in real sales volumes fell. Earnings trends worsened a bit as owners continued to report widespread gains in worker compensation while holding the line on price increases.   China’s February trade performance was far worse than economists had expected, days after top leaders at the National People’s Congress sought to reassure investors. Exports fell 25% from a year earlier, the biggest drop since May 2009, while imports slumped 13%, leaving a trade surplus of $32 billion. It’s easy to blame Chinese New Year distortions, but the numbers point to bigger economic problems.   Japan’s 10-year yield extended its push into negative territory, dropping to an all-time low of minus 0.12 percent, meaning almost three-quarters of Japanese government bonds currently offer yields at or below, zero percent. By …

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Financial Review

Sub Zero

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-29-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 01-29-2016 DOW + 396 = 16,466 SPX + 46 = 1940 NAS + 107 = 4613 10 Y  – .05 = 1.93% OIL + .46 = 33.68 GOLD + 2.80 = 1118.80 SILV + .02 = 14.34   It’s Friday and also the last trading day of the month. For the week, the Dow gained 2.3%, the S&P added 1.7% and the Nasdaq increased 0.5%. That left the Dow down 5.5% for the month, or a loss of 959 points. The Nasdaq lost 7.9%, or 394 points in January, its largest monthly loss since May 2010. The S&P was down 103 points, or 5%, although at one point last week the S&P was down 11% since the start of the year. An index of US Treasury bonds returned 1.8% for January, which has been the best month of the year for bonds, at least over the past few years. The yield on the 10 year note dropped 24 basis points for the month. Gold and silver shared the safe haven spotlight with Treasuries. Gold gain $58.60, or 6% for the month. Silver added 53-cents or 3.8%, year-to-date. The dollar has gained just over 1% year-to-date, but is still below November highs. Even with today’s gain, oil closed out the month of January with a loss of $3.37 or 9%.     The U.S. economy expanded at a slower pace …

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Financial Review

Been to the Mountaintop

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-15-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 01-15-2016 DOW – 390 = 15,988 SPX – 41 = 1880 NAS – 126 = 4488 10 Y – .07 = 2.03% OIL – 1.52 = 29.68 GOLD + 10.30 = 1089.80   Let’s start with the good news: US stock and bond markets are closed Monday for the Martin Luther King Jr. holiday.   For the day the Dow dropped 2.4%, the S&P 500 dropped 2.1%, and the Nasdaq lost 2.75%. And even though it was a volatile week, almost all of the damage for the week came in today’s session. The Dow Industrials did take out the September lows but not the August lows of 15,370. The Nasdaq composite knocked out the closing low from August but not the intra-day August low. The S&P 500 hit an intra-day low of 1857, dropping below the August 24th low of 1867. So we should wait for confirmation of a close below 1867 – at which point we have wiped out any reasonable support. The Russell 2000 small-cap index dropped as much as 3.5 percent to its lowest level since July 2013. The major S&P sectors all ended sharply lower. The energy sector dropped 2.87 percent as oil prices fell but the tech sector was the big loser, down 3.1%, with Intel down 9% following a weak earnings report after the close yesterday.   It’s a sea of red all over …

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Financial Review

Zilch COLA

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-15-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 10-15-2015 DOW + 217 = 17,141 SPX + 29 = 2023 NAS + 87 = 4870 10 YR YLD + .04 = 2.20% OIL + .28 = 46.92 GOLD – .90 = 1184.40 SILV un = 16.22   The consumer price index, or prices at the retail level, declined by a seasonally adjusted 0.2% in September. Over the past 12 months inflation at the consumer level has shown zero increase. Inflation has fallen sharply over the past year mainly because of lower gasoline prices. The cost of gasoline fell 9% in September. The cost of food, however, rose 0.4% owing largely to higher prices for dairy, fruits and vegetables. Stripping out food and energy, the core CPI rose 0.2%. Core prices are up 1.9% over the past 12 months. Separately, the Energy Information Administration reports crude inventories rose by 7.6 million barrels in the last week, compared with analysts’ expectations for an increase of 2.8 million barrels.   Americans who collect Social Security won’t get an increase in their monthly checks in 2016. Annual increases in Social Security are made every year based on changes in a component of the consumer price index known as CPI-W. That index fell 0.4% in the period used by the government to calculate the annual increase in cost-of-living adjustments.   The CPI-W looks at prices for Urban Wage Earners and Clerical Workers; this …

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Financial Review

Defeat Devices

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-09-29-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 09-29-2015   DOW + 47 = 16,049 SPX + 2 = 1884 NAS – 26 = 4517 10 YR YLD – .04 = 2.09% OIL + .80 = 45.23 GOLD – 4.40 = 1128.70 SILV + .04 = 14.74   Single-family home prices rose in July, matching the pace of price gains in June but falling just short of expectations. The S&P/Case Shiller composite index of 20 metropolitan areas in July gained 5 percent year over year. San Francisco, Denver and Dallas experienced the highest year-over-year home appreciation among the 20 cities with price increases of 10.4 percent, 10.3 percent and 8.7 percent, respectively. The worst performing cities on the list include Detroit, and the only surprise is that Chicago was even worse than Detroit. The Sunbelt cities – Miami, Tampa, Phoenix and Las Vegas – which were the poster children of the housing boom have yet to make new all-time highs. Phoenix home prices were up 0.7% in July, and up 4.6% year over year.   The Conference Board said its index of consumer attitudes rose to 103.0, the highest since January, from a downwardly revised 101.3 the month before. The present situation index, a measure of current conditions, also climbed to an eight-year high of 121.1 from 115.8. Yet the expectations index declined to 91.0 from 91.6, suggesting Americans are a bit more cautious about the next six …

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Financial Review

To Hike or Not To Hike

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-09-11-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 09-11-2015   DOW + 102 = 16,433 SPX + 8 = 1961 NAS + 26 = 4822 10 YR YLD – .04 = 2.18% OIL – 1.12 = 44.80 GOLD – 3.70 – 1108.20 SILV – .13 = 14.68   The S&P 500 index was up 2.1% for the week, the best weekly gains since July.  The Dow was up 2.1% for the week, and the Nasdaq gained 3%.   The Senate has blocked an anti-Iran deal resolution. Senate Democrats successfully fended off an effort by the Republican-led Congress to dismantle the Iran deal with a disapproval resolution. While the Senate killing the resolution should mean that Congress’s bid to undo the deal is over, the House is fighting on with several bills aimed at expressing their disapproval. There’s even talk of filing lawsuits against the president.   Russia is calling for Washington to restart direct military-to-military cooperation to avert “unintended incidents” near Syria, at a time when U.S. officials say Moscow is building up forces to protect President Bashar al-Assad’s government. The U.S. is leading a campaign of air strikes against ISIS fighters in Syrian air space, and a greater Russian presence would raise the prospect of the Cold War superpower foes encountering each other on the battlefield. Both Moscow and Washington say their enemy is ISIS, but Russia supports the government of Assad, while the U.S. says …

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