Financial Review

Up and Down

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-18-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: iTunes | Android | RSS…..Housing starts down. Manufacturing production drops. Confidence in the economy sputters. Trump goes after H-1B visas. May calls snap elections for UK. BofA best big bank earnings. Goldman flops. J&J disappoints. IBM revenue declines, again. Facebook wants to augment reality. Theranos must pay in Arizona. Financial Review by Sinclair Noe for 04-18-2017

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Financial Review

Trumpcare

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-07-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: iTunes | Android | RSS…..GOP unveils repeal and replacement for Obamacare. H-1B suspended. Trade deficit at 5 year high. Eurozone growth. Brazil recession grinds. Exxon invests big in Gulf coast. Salesforce and IBM go all AI. Alexa to testify. RadioShack closing again. Raiders to LV. Financial Review by Sinclair Noe for 03-07-2017.

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Financial Review

Year of the Rooster

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-23-2017.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSS…..TPP axed. Baseline 25 million jobs and 4% GDP. Emoluments matter. Foxconn TVs in USA. Kroger to add jobs. IBM to add jobs – after firing workers. Yahoo under SEC investigation. McDonald’s post-breakfast come down. Halliburton reports mixed earnings. OPEC cuts as expected. Everett Washington sues Purdue Pharma for OxyContin epidemic. United grounded. Hong Kong most expensive. South Korea most innovative. Happy Year of the Rooster. Tax season starts. Have a cookie. Financial Review by Sinclair Noe for 01-23-2017

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Financial Review

Rarely the First

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-09-2017.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSS…..Risk off day but Nasdaq record. Fed jawbones hawkish. Hard Brexit. Hard confirmation hearing. Revenge for one-China. McDonald’s and Taco Bell in China. Fiat Chrysler in the Midwest. Waymo in cars. M&A: Takeda/Ariad, United Health/Surgical Affiliates, Mars/VCA. Microsoft’s Nokia. IBM patent winner, again. The anniversary of the iPhone. Financial Review by Sinclair Noe for 01-09-2017

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Financial Review

Fed Talk & Earnings

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-17-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSS…..The Battle of Mosul. Yellen looks at a high pressure economy. Rosengren fears inflation. Fischer fears recession. Factory output inches up. Earnings season: BofA beats, Netflix crushes, IBM still bleeding. No Apple car. Tesla and Panasonic to build solar. Samsung goes small in chips. The beginning of the end of HFCs. Financial Review by Sinclair Noe for 10-17-2016

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Financial Review

The Rent is Too High

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-07-19-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSAnother record high close for the Dow. Housing rebounds but the rent is too high. We spend more on drugs than groceries. IMF cuts forecast for global growth. Offshore oil (not what you think). Earnings reports from: Wells Fargo, Goldman, IBM, Microsoft, and more. Financial Review by Sinclair Noe for 07-19-2016

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Financial Review

Tug of War

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-19-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 01-19-2016 DOW + 27 = 16,016 SPX + 1 = 1881 NAS – 11 = 4476 10 Y un 2.04% OIL – 1.13 = 28.29 GOLD – 1.30 = 1088.50   Just a reminder that last Friday saw the Dow drop 390 and the S&P too down 41, taking out the August lows of 1867 with an intra-day low of 1857. This morning Wall Street started the session with a bounce, but it didn’t hold; in the afternoon the major averages turned negative; the S&P went back down to test support at 1865. We are seeing an important level of support at 1857 to 1867 on the S&P. We told you on Friday that would need to see confirmation in the form of a close below 1867. It did not happen today. The Nasdaq Composite did close below the September low of 4487. The Dow Industrials are still above the August lows off 15,666. You don’t even want to look at charts of the Russell 2000 index or the Dow Transports; they are just ugly.   And then if you move away from Wall Street, the economy doesn’t look too bad: 70 consecutive months of job growth, the unemployment rate at 5%, GDP growth probably around 2% to 2.5% (not great but compared to the rest of the world it looks decent), oil prices falling, which should be a …

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Financial Review

Veterans Day 2015

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-11-11-2015.mp3Podcast: Play in new window | Download (Duration: 13:15 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 11-11-2015   DOW – 55 = 17,702 SPX – 6 = 2075 NAS – 16 = 5067 10 YR YLD closed 2.34% OIL – 1.14 = 43.07 GOLD – 3.00 = 1087.20 SILV – .09 = 14.45   “To us in America, the reflections of Armistice Day will be filled with solemn pride in the heroism of those who died in the country’s service and with gratitude for the victory, both because of the thing from which it has freed us and because of the opportunity it has given America to show her sympathy with peace and justice in the councils of the nations…” Those were the words of President Wilson in 1919, one year after hostilities ended in World War I on this date in 1918, in the 11th hour, of the 11th day, of the 11th month. Back then it was called Armistice Day. Today we call it Veterans Day. And for all the veterans – Thank you.   The 11th day of November is celebrated in China as Singles Day, symbolized by the four lonely 1s of 11/11. Apparently, this is kind of the anti-Valentine’s Day. Alibaba broke its own record for sales on China’s Singles Day, the world’s largest Internet shopping event, generating more than $9.3 billion in gross merchandise volume by midday Wednesday. Sales now look on track to hit $13 billion. More records: In …

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Financial Review

Decision Day

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-28-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 10-28-2015   DOW + 198 = 17,779 SPX + 24 = 2090 NAS + 65 = 5095 10 YR YLD + .06 = 2.09% OIL + 2.93 = 46.13 GOLD – 11.30 = 1156.70 SILV + .07 = 16.04   It’s Decision Day for the Federal Reserve, and it was an easy decision. The FOMC wrapped up a two-day policy session with a statement that interest rates will remain unchanged near zero; where they have been stuck for 7 full years. The Fed’s statement left open the possibility that the Fed will raise rates at its final meeting of the year, in December. While noting that job growth has slowed, it said that other economic indicators remained relatively strong and the domestic economy “has been expanding at a moderate pace”. The Fed also signaled that its concerns about the global economy have diminished. In the statement from the meeting in September the Fed said global economic and financial developments might restrain domestic growth. In today’s statement they just say the Fed “is monitoring global economic and financial developments.”   The next FOMC meeting is scheduled for Dec. 15 and 16. Fed chairwoman Janet L. Yellen said in a late September speech that she still expected to raise rates this year, as long as economic growth continued. Stanley Fischer, the Fed’s vice chairman, said much the same a few weeks later. Many …

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Financial Review

An Inexplicable Force

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-20-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for  10-20-2015 DOW – 13 = 17,217 SPX – 2 = 2030 NAS – 24 = 4880 10 YR YLD + .04 = 2.07% OIL – .34 =45.56 GOLD + 5.20 = 1176.80 SILV + .07 = 16.00 Housing starts rose in September as builders ramped up construction of apartments. Construction of new homes increased 6.5% to a seasonally adjusted annual pace of 1.21 million units in September. After two months of declines, the gain in September brings starts back to just below June’s level, which was an eight-year high. In September, starts for single-family homes, which accounts for the largest share of the market, rose 0.3% to a 740,000 unit pace.   Earnings reports will likely be a big driver for stocks this week. IBM shares dropped 5.5% after announcing revenues that missed even the most pessimistic expectations and issuing weaker-than-expected guidance for the year.   Verizon posted better than expected earnings and revenue, in large part due to the release of the new Apple iPhone 6S and 6S Plus in September. The company net added 1.3 million wireless retail postpaid subscribers in the quarter compared with 1.1 million in the second quarter. Net income rose to just over $4 billion, or 99 cents per share on revenue of just over $33 billion.   United Technologies reported a drop in third-quarter profit that still beat analyst expectations, and its chief executive said the …

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