Financial Review

Be Careful Out There

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1_2-08-22-2014.mp3Podcast: Play in new window | Download (Duration: 20:28 — 9.4MB)Subscribe: Apple Podcasts | Android | RSS08222014 LISTEN HERE DOW – 38 = 17,001 SPX – 3 = 1988 NAS + 6 = 4538 10 YR YLD un = 2.40% OIL – .46 = 93.50 GOLD + 4.30 = 1281.60 SILV un = 19.51 All three major indices posted gains for the week, with the Dow up 2%, the S&P up 1.7% and the Nasdaq up 1.6%. It was the strongest week of gains for both the Dow and the S&P since April, and the third straight week of gains for all three indices. There is a lot to cover before we can wrap up the week. First we go to Jackson Hole Wyoming, where the Fed has been having a friendly get together of economists. Janet Yellen kicked off the event with a speech this morning. She said what you might expect: “There is no simple recipe for appropriate policy,” and she called for a “pragmatic” approach that gives officials room to evaluate data as it arrives without committing to a preset policy path. And she backed up her comments with a new tool, the Labor Market Conditions Index, which measures 19 labor market indicators, and it isn’t new data, just combining it all together, but it showed she is monitoring the data. Yellen referenced the possibility that labor markets may be a bit tighter than they seem and that the Fed may consider having to raise interest rates …

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Wednesday, November 21, 2012 – Of Cliffs and Helicopters

Of Cliffs and Helicoptersby Sinclair Noe DOW + 48 = 12,836 SPX + 3 = 1391NAS + 9 = 292610 YR YLD +.03 = 1.69%OIL + .95 = 86.40GOLD + 1.10 = 1730.20SILV + .20 = 33.49 Israel and Hamas agreed to bring to an end more than a week of air strikes and missile attacks. A truce was declared; now we’ll see if it holds. The agreement aims to halt air strikes that have left more than 150 people dead in Gaza and rocket attacks that have killed five Israelis. Israel has hit more than 1,500 targets, and Palestinians launched more than 1,400 missiles. Secreatary of State Hillary Clinton said that she welcomed the accord and expressed hope it will “move us closer to a comprehensive peace.” “In the days ahead, the United States will work with partners across the region to consolidate this progress, improve conditions for the people of Gaza, and provide security for the people of Israel,” she said. The accord says that Israel shall stop all hostilities on the Gaza Strip, land, sea and air, including incursions and targeting of individuals. It also says that “all Palestinian factions shall stop all hostilities from the Gaza Strip against Israel, including rocket attacks and attacks along the border.” Israeli Prime Minister Netanyahu thanked President Obama and Egyptian President Mohamed Mursi for their work to end the violence. There was tremendous US pressure on the Egyptians, who in turn pressured Hamas to accept terms which are not set …

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