Financial Review

Close But No Cookies

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-07-25-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: iTunes | Android | RSS….S&P, Nas, Russell at new highs. Senate votes on having more votes on repeal/replace, or repeal, or semi-repeal, or something. Confidence soars. Existing home sales solid. Oil prices rally. Copper hits 2 year high. Bond market tumbles as the Fed FOMC meets. 3M slammed. McDonalds all time high. Caterpillar jumps. AT&T up. GM down. Financial Review by Sinclair Noe for 07-25-2017

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Financial Review

Not Happening

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-07-17-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: iTunes | Android | RSS…..McCain is sick, healthcare legislation is sicker. Blackrock disappoints. Netflix grows subscribers. FAANG leads market but soft on earnings. China’s predictable GDP. Brexit begins. Can’t find the paperwork on student loans. Made in America. Financial Review by Sinclair Noe for 07-17-2017

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Financial Review

Cake and Panic

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-05-17-2017.mp3Podcast: Play in new window | Download (Duration: 13:16 — 7.6MB)Subscribe: iTunes | Android | RSS…..Wall Street finally freaks. Trump agenda in doubt. Americans rack up $12.7 trillion in debt. Earnings updates. Google I/O; the machines are learning to learn.   Financial Review by Sinclair Noe for 05-17-2017

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Financial Review

More Shoes

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-05-11-2017.mp3Podcast: Play in new window | Download (Duration: 13:16 — 7.6MB)Subscribe: iTunes | Android | RSS…..PPI jumps. Unemployment claims shrink. Ugly day for retail. Waiting for more shoes to drop following Comey firing. Dudley warns against protectionism. Banks are starting to fail, again.   Financial Review by Sinclair Noe for 05-11-2017

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Tuesday, March 18, 2014 – Food and Oil

Food and Oil by Sinclair Noe DOW + 88 = 16,336SPX + 13 = 1872NAS + 53 = 433310 YR YLD – .02 = 2.68%OIL + 1.62 = 99.70GOLD – 12.00 = 1356.50SILV – .38 = 20.92 Let’s start with some economic news. The National Association of Home Builders housing market index increased to 47 in March, up from 46 in February. A reading below 50 means more builders view conditions as poor rather than good. Fewer homes are being started in early 2014 than at the end of 2013. Housing starts came in just slightly below economists’ expectations of 910,000 at 907,000. Separately, a quarterly survey by the Business Roundtable found US chief executive officers somewhat more positive about the economy, including plans for hiring and capital spending over the next six months; they expect gross domestic product to advance 2.4% this year. The forecast is a slight upgrade from an expectation of 2.2% in the previous survey but still less than robust. The Consumer Price Index, or CPI, increased a seasonally adjusted 0.1% in February, matching the increase in January. According to the Labor Department report, the increase was mainly due to higher prices for food. Energy prices decreased 0.5%. Over the last 12 months, the CPI is up 1.1%. Costs for meats, poultry, fish, dairy and eggs drove the gains. Most notably, beef and veal prices surged. Prices for beef saw their biggest monthly change in February since November 2003; that was when fears of mad-cow disease …

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Wednesday, February 26, 2014 – Inequality With a Dash of Salt

Inequality With a Dash of Salt by Sinclair Noe DOW + 18 = 16,198SPX + .04 = 1845NAS + 4 = 429210 YR YLD – .03 = 2.67%OIL +72 = 102.55GOLD – 11.80 = 1330.80SILV – .68 = 21.32 Sales of new single-family homes started 2014 with surprising strength, with January posting the fastest pace in more than five years. Home sales jumped 9.6% in January to a seasonally adjusted annual rate of 468,000, hitting the highest level since July 2008. Today’s sales news follows a string of recent reports signaling recent sputtering in the housing market. The data, to be fair, have a huge confidence interval—plus or minus 17.9% in January. That means we can’t know for certain whether sales rose or fell during the month. On a three-month average, sales rose 1.2% in January. Sometimes you have to take a look at economic data with a dash of salt. Bank earnings jumped in the fourth quarter, but not solely because of increased net income. According to the Federal Deposit Insurance Corporation, financial institutions in the US earned a whopping $40.3 billion in net income in the fourth quarter of 2013, up 16.9% from a year earlier. More than half of the 6,812 FDIC insured institutions reported a year-over-year growth in quarterly earnings. And the portion of unprofitable banks dropped to 12.2% from 15% in the fourth quarter of 2012. But it’s not all good news. The improvement in earnings was largely attributable to an $8 billion decline in …

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Wednesday, October 09, 2013 – Scum in the Steam Room

Scum in the Steam Room by Sinclair Noe DOW + 26 = 14,802SPX + 0.95 = 1656NAS – 17 = 367710 YR YLD + .01 = 2.65%OIL – 2.03 = 101.46GOLD – 11.90 = 1308.00SILV – .40 = 21.99 We’ll get to Janet Yellen in a bit. First, I’m getting sick and tired of this stupidity oozing out of Washington; you are too, I know. Americans’ confidence in the economy has deteriorated more in the past week during the partial government shutdown than in any week since Lehman Brothers collapsed on Sept. 15, 2008, which triggered a global economic crisis. Gallup’s Economic Confidence Index tumbled 12 points to -34 last week, the second-largest weekly decline since Gallup began tracking economic confidence daily in January 2008. And that poll was taken at the end of last week. Since then, we’ve hit a new low. The government is still shut down. I don’t know why. John McCain delivered a speech on the Senate floor; he said: “To think that we were going to repeal Obamacare, which would have required 67 Republican votes, of course, was a false premise.” So, I really don’t know why we are still having a shutdown. He then went on to recognize the five families of US soldiers killed last weekend in Afghanistan; 21 soldiers have died since the shutdown started. When a soldier is killed in battle, the family receives about $100,000 in death benefits. A month ago, the Pentagon warned the politicians on Capitol Hill that …

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Hamlet Dies by Sinclair Noe Record Highs for Dow and S&P. DOW + 169 = 15,460SPX + 22 = 1675NAS + 57 = 357810 YR YLD – .10 = 2.57%OIL – 1.92 = 104.60GOLD + 22.70 = 1286.60SILV + .69 = 20.25 To taper or not to taper? That is the question. Whether ’tis nobler in the mind to suffer the slings and arrows of outrageous bond market feral hogs or to feed the savage beasts with unending securities purchases. Or to tighten against a Sea of non-existent inflationary troubles And by opposing end them: to die, to sleep, to slaughter the feral hogs at the Discount Window trough; and end the thousand Natural shocks that markets are heir to? Is that all? To taper, to tighten, perchance to Dream; Aye, there’s the rub. For one is QE and the other is accommodative monetary policy, while fiscal policy and structural reforms are nothing more than ephemeral motions, the stuff of what dreams may come, When we have shuffled off this mortal coil. Well, that’s enough of our literary mosh pit for today. As I recall, Hamlet died. The FOMC minutes released by the Fed yesterday, were much ado about nothing… sorry. There was a bunch of talk that boiled down to the basic idea that Quantitative Easing and interest rates are two separate policies. The FOMC bigwigs have no intention of raising the interest rate target; that is off limits. The securities purchases under QE will taper off at some …

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