Financial Review

Puerto Rico Screwed

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-05-02-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSPuerto Rico defaults; TTIP leaks; Ultra, Midstates, and Sports Authority go BK; Sell in May and take a vacation. Financial Review by Sinclair Noe for 05-02-2016

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Financial Review

More on the Panama Papers

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-05-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSISM report, JOLT survey, trade deficit, home prices – plus the Panama Papers claims its first PM.

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Financial Review

Jobs Day

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-01-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSS215,000 new jobs in March, the unemployment rate at 5%; a solid, steady jobs report.

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Financial Review

Brad Holcomb – ISM

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/BRAD_HOLCOMB-SEG_2-04-01-2016.mp3Podcast: Play in new window | Download (Duration: 7:10 — 3.3MB)Subscribe: iTunes | Android | RSSThe ISM March Manufacturing Survey increased 2.3 percentage points to 51.8%. Sinclair Noe interviews, Bradley Holcom, Chair of the Institute for Supply Management Manufacturing Business Survey Committee.

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Financial Review

Waiting for the Jobs Report

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-03-2016.mp3Podcast: Play in new window | Download (Duration: 13:17 — 6.1MB)Subscribe: iTunes | Android | RSS  Financial Review by Sinclair Noe for 03-03-2016 DOW + 44 = 16,943 SPX + 6 = 1993 NAS + 4 = 4707 10 Y – .02 = 1.83% OIL + .05 = 34.71 GOLD + 24.40 = 1264.90   We have a batch of economic reports, so we’ll run through the data and then break down the implications. The Institute for Supply Management’s non-manufacturing index dropped 0.1 point to 53.4%.Any reading over 50 signals expansion. ISM’s production gauge rose 3.9 points to 57.8%.Growth in the services sector has been expanding at a slower pace for the past four months, and that is now showing up as contraction in service sector employment. Details from the services survey showed the employment index declined to 49.7 from 52.1 in January, indicating companies last month started cutting staff.   The number of Americans who applied for unemployment benefits rose by 6,000 to 278,000 in the last week of February, but the overall pace of layoffs still hovered near postrecession lows. The average of new claims over the past four weeks, meanwhile, fell by 1,750 to 270,250 and hit a three-month low. In a separate report, global out placement consultancy Challenger, Gray & Christmas said U.S.-based companies announced 61,599 job cuts last month, down from 75,114 in January. Layoffs remained concentrated in the energy sector. Tomorrow the Labor Department will publish the monthly non-farm payroll report; look for a …

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Financial Review

Brad Holcomb – ISM

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/BRAD_HOLCOMB-SEG_2-03-01-2016.mp3Podcast: Play in new window | Download (Duration: 7:10 — 3.3MB)Subscribe: iTunes | Android | RSSSinclair Noe audio interview with Brad Holcomb, chair of the Institute for Supply Management Manufacturing Business Committee.

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Financial Review

Super Tuesday

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-01-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSS  Financial Review by Sinclair Noe for 03-01-2016   DOW + 348 = 16,865 SPX + 46 = 1978 NAS + 131 = 4689 10 Y + .09 = 1.83% OIL + .14 = 33.89 GOLD – 6.60 = 1232.70   It was the best one-day percentage gain for the S&P 500 and the Dow since Jan. 29. The Nasdaq Composite saw its biggest one day gain since August. The S&P 500’s rally today leaves it lower by just 3% year-to-date, and the Nasdaq’s advance brings its loss for the year to 6.4%. Biotechnology, which underperformed by a huge margin yesterday, came to life today with the Nasdaq Biotechnology Index ETF (IBB) surging 4.4%. The small cap Russel 2000 broke through its own 50 day moving average for the first time since December 9. However, it rose 2.0% vs. the S&P 500’s 2.4% gain. Elsewhere, regional banks, cybersecurity, high-yield bond ETFs, and energy names also impressed. The Utilities sector, which is hurt by higher rates, was by far the worst performing S&P sector today.   Today is Super Tuesday. The polls will begin closing at 7 PM eastern time. A total of 595 Republican delegates are up for grabs in 11 states of the 1,237 needed to clinch the GOP nomination in 11 states; Donald Trump is expected to win 10 of the 11 states, with a close race in Texas, where Ted Cruz holds the lead. Sanders and Clinton are facing off …

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Financial Review

Anthony Nieves – ISM

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/TONY_NIEVES-SEG_2-02-03-2016.mp3Podcast: Play in new window | Download (Duration: 7:10 — 3.3MB)Subscribe: iTunes | Android | RSSSinclair Noe audio interview with Anthony Nieves, chair of the Institute for Supply Management Non-Manufacturing Business Survey Committee. January NMI at 53.5%, down 2.3% from December reading of 55.8%.

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Financial Review

Most Powerful Might Not Be Enough

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-02-03-2016.mp3Podcast: Play in new window | Download (Duration: 13:17 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 02-03-2016 DOW + 183 = 16,336 SPX + 9 = 1912 NAS – 12 = 4504 10 Y + .02 = 1.88% OIL + 2.41 = 32.29 GOLD + 13.20 = 1143.20     Activity in the services sector slowed to a near two-year low in January. The Institute for Supply Management (ISM) said its index of non-manufacturing activity fell to 53.5 last month, the lowest level since February 2014, from 55.8 in December. A reading above 50 indicates expansion in the service sector. Service industries reported growth in new orders continued to slow, with export orders contracting last month.   Private-sector employment gains increased in January but at a slower pace than in the prior month. Employers added 205,000 jobs in January, according to Automatic Data Processing Inc. ADP tweaked December’s gain to 267,000 from a prior estimate of 257,000. The ADP report is used as an early predictor of the government’s monthly jobs report, due out Friday morning.   The Fed’s adding a new twist to its severely adverse scenario in this year’s stress test – asking lenders how they would handle a prolonged period of rates below zero. Ninety-day bill rates slipped below 0% a number of times over the past few years, but never stayed there for very long. Negative rates, of course, are breaking out all over Europe, and the Bank of Japan last week introduced …

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Financial Review

Or Just Google It

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-02-01-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 02-01-2016 DOW – 17 = 16,449 SPX – 0.86 = 1939 NAS + 6 = 4620 10 Y + .04 = 1.97% OIL – 2.23 = 31.39 GOLD + 10.20 = 1129.00   Following the S&P’s worst January since 2009 ( down -5.1%), and a volatile month for oil prices, about a fifth of S&P 500 companies will report earnings this week, while lots of economic data (manufacturing figures, auto sales and Friday’s jobs report) could also help determine the future direction of stocks. The consensus estimate calls for about 185,000 net new jobs in January, down from 292,000 in December. And just a reminder that last Friday brought the first look at fourth quarter GDP, which grew at an anemic 0.7% annual rate in the fourth quarter. That’s a bad quarter to be sure, and real GDP is up only 1.8% from a year ago. That’s a weak year judged by the US postwar average of 3.1%, but is not far from the 2.1% annual growth we’ve been averaging since 2009. The Atlanta Fed model’s initial estimate for first-quarter growth has been published; the “Nowcast” of first-quarter growth calls for 1.2% annualized growth. Weak, but not recessionary.   Also on Friday, the Bank of Japan moved to negative interest rates; this Wednesday BOJ Governor Haruhiko Kuroda is scheduled to speak. Today, European Central Bank president Mario Draghi addressed the …

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