Financial Review

Ten Years On

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-16-2018.mp3Podcast: Play in new window | Download (Duration: 12:59 — 7.4MB)Subscribe: Apple Podcasts | Android | RSS…Industrial production up. Construction down. Consumer sentiment high. Jobs plentiful. Waiting on the Fed. Bracing for tariffs. Infrastructure hacks. AT&T-Time Warner court date. Wells Fargo, again. Anniversary of Bear Stearns collapse. Financial Review by Sinclair Noe for 03-16-2018

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Financial Review

Turnaround Tuesday

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-02-06-2018.mp3Podcast: Play in new window | Download (Duration: 13:16 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS….Stocks rebound in another wild ride. Overseas markets tumble. Volatility comes roaring back. Waiting on another shutdown. Financial Review by Sinclair Noe for 02-06-2018

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Financial Review

More Records

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-09-2018.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…Record highs for the Dow, S&P 500, and Nasdaq. Job openings drop. No patch for Meltdown & Spectre. Target on target. No Bitcoin ETF. A brief history of government shutdown. Arpaio’s back. Here comes the rain. Financial Review by Sinclair Noe for 01-09-2018

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Financial Review

Quick Shock

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-07-11-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..Wall Street shocked by Junior’s email chain. McConnell tries to rally support for BCRA. Still to come a budget and tax reform. Seattle raises income tax. Traders look to bank earnings. Small biz sentiment slips. JOLT shows strong labor market. Waiting on Yellen testimony. Net neutrality and an internet-wide day of action. The best deals around. Financial Review by Sinclair Noe for 07-11-2017

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Financial Review

Split

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-02-07-2017.mp3Podcast: Play in new window | Download (Duration: 13:16 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..Nasdaq record high close. Dollar gains. Greece on the edge of… China’s reserve slip. US trade deficit grows. US consumer credit inches up. CoreLogic home price index jumps. JOLT survey – openings flat, quits down. Betsy Devos confirmed. Army goes ahead with Dakota Access Pipeline. A gift for big oil. 9th Circuit hears arguments for travel ban. Oil prices down. GM workers finally catch a break. Apple number one in phone sales. Financial Review by Sinclair Noe for 02-07-2017

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Financial Review

Times Are Changing

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-13-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSS…..Stock market hits support and bounces. China’s export paint an ugly picture. Government workers quit. Oil inventories up. US strikes Yemen. Losses from Hurricane Matthew, and more coming. Earnings news.  Deutsche hiring freeze. HP layoffs. Amazon hiring for holidays. Facebook-Alphabet lay cable to Hong Kong. The gig is up at Uber. Dylan really is a poet. Financial Review by Sinclair Noe for 10-13-2016

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Financial Review

Sleepwalking Higher

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-09-07-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSStocks hit highs. More job openings. Beige remains modest. Fed still jawbones. Apple Event Day, whoopee. Hanjin dead to irons. Ackman’s big burrito. Apache’s big find. Mylan’s big price gouge bites back. HSBC violates parole. Goldman’s political games. Financial Review by Sinclair Noe for 09-07-2016

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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: Apple Podcasts | Android | RSSISM report, JOLT survey, trade deficit, home prices – plus the Panama Papers claims its first PM.

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Financial Review

Something in the Water

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-17-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSStocks turn positive. A big water problem that won’t be resolved. Brazil has the most fascinating corruption.

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Financial Review

CoCo Pop

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-02-09-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 02-09-2016 DOW – 12 = 16,014 SPX – 1 = 1852 NAS – 14 = 4268 10 Y – .01 = 1.73% OIL – 1.41 = 28.28 GOLD – .20 = 1189.80   Japanese stocks crashed 5.4%, making for the biggest daily drop since June 2013. The sell-off has the Nikkei hovering near a 16-month low.

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Financial Review

Dark Clouds

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-12-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 01-12-2016   DOW + 117 = 16,516 SPX + 15 = 4658 NAS + 47 = 4685 10 Y – .06 = 2.10% OIL – .67 = 30.74 GOLD – 7.70  = 1087.50 The recent sell-off on Wall Street has some of the investment banks worried. For the past 7 years, JPMorgan Chase has seen every dip in the market as a buying opportunity. Now they are changing their tune and advising clients to sell any rally. A report from JPMorgan’s chief equity strategist cites several areas that are raising red flags, including: deteriorating technical indicators, expectations of anemic corporate earnings combined with the downward trajectory in U.S. manufacturing activity and a continued weakness in commodities, with oil dropping under $20 a barrel.   RBS, the Royal Bank of Scotland, says investors face a “cataclysmic year” where stock markets could fall by up to 20% and oil could slip as low as $10 a barrel. In a note to its clients the bank said: “Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small.” It said the current situation was reminiscent of 2008, when the collapse of the Lehman Brothers investment bank led to the global financial crisis. This time China could be the crisis point.   Goldman Sachs is warning that global stock markets may get …

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Financial Review

Show Me the Data

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-11-12-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 11-12-2015 DOW – 254 = 17,448 SPX – 29 = 2045 NAS – 61 = 5005 10 YR YLD – .02 = 2.32% OIL – 1.28 = 41.65 GOLD – 1.70 = 1085.50 SILV – .11 = 14.34   Crude oil fell below $42 a barrel, its lowest price since August, while copper, gold and silver reached six-year lows. Energy, mining and metals companies fell. Caterpillar, Exxon Mobil and Chevron had the biggest losses in the Dow Jones Industrial average. The Dow and the Standard & Poor’s 500-stock index are now negative for the year.   The Energy Information Administration just released its latest weekly look at the US oil market, and it shows that US crude stockpiles are just 3 million barrels off the record 490 million barrel record in April.  Crude stockpiles grew by 4.2 million barrels last week. A private report released Wednesday had shown an even larger increase. The biggest factors have been a slowdown in demand, and China’s slowdown is a big part of that equation. Meanwhile, oil producers just keep pumping; US shale production has slowed and will likely slow more, even though it remains stubbornly high; OPEC refuses to cut production and the more oil prices fall, the faster they pump.   Prices for copper and other commodities were slumping as investors anticipated that the dollar would become even stronger. The price …

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Financial Review

No Wagering

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-16-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 10-16-2015 DOW + 74 = 17,215 SPX + 9 = 2033 NAS + 16 = 4886 10 YR YLD un =  2.02% OIL + .88 = 47.26 GOLD – 5.70 = 1178.70 SILV – .09 = 16.13   World markets extended a rally that has added $4.1 trillion to global equities this month, following a slew of weak economic reports that have dashed expectations for a Fed rate hike in 2015. European stocks are up, and Asian stock markets added to the gains which saw equities close at two-month highs; the Shanghai Composite gained 6.5% for the week. After a rebound yesterday, Wall Street recorded its third straight winning week. The Dow and S&P were up just under 1% on the week; the Nasdaq was up 1.7%. The rally over the past three weeks has been very narrow, as two thirds of the stocks on the S&P 500 are still below the 200-day moving average. Historically, October may be one of the worst months for stocks, but not in recent years and not so far this month.   Industrial production fell 0.2% in September, in line with expectations, and capacity utilization declined. The only major market group to post a gain in September was consumer goods. Capacity utilization fell to 77.5% from an upwardly revised 77.8% in August, a bit above the 77.4% expected.   Consumer sentiment rose in …

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Financial Review

King v Burwell Plan B

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-06-09-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW – 2 = 17,764 SPX + 0.87 = 2080 NAS – 7 = 5013 10 YR YLD + .04 = 2.42% OIL + 1.81 = 59.95   Each month the Labor Department reports on nonfarm payrolls, usually that report comes out on the first Friday of the month; a few days later they release the JOLT survey, Job Openings and Labor Turnover from the prior month. Job openings at US workplaces rose to 5.3 million in April from 5.1 million in March. That’s the most job openings in 14 years, and those job openings were spread among industries, including health care, retailers and providers of professional services. Now, keep in mind that this is the Job Openings from April, and we just saw the May Jobs report, which showed that the unemployment rate ticked up from 5.4% in April to 5.5% in May; and the reason the unemployment rate was higher is because more people entered the labor pool. Most of the nearly 400,000 new job seekers were under the age of 25.   While the number of job openings soared, employers are still taking their time filling them. Total hiring in April fell to 5 million from 5.1 million. The disparity between more openings and flat hiring suggests employers are being picky about new hires. Many companies say they are having difficulty finding qualified workers. They may …

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Financial Review

Stagnation versus Innovation

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-07-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW – 5 = 17,875 SPX – 4 = 2076 NAS – 7 = 4910 10 YR YLD – .01 = 1.89% OIL + .94 = 53.08 GOLD – 6.30 = 1208.70 SILV – .14 = 16.93   The stock market was in positive territory almost all day, right until the very end of the session; it just slipped away. And that coincided with an American Petroleum Institute report showing crude oil inventories increased by 12.2 million barrels in the last week, about triple estimates. Not much economic news today. The Labor Department JOLT survey reports job openings rose to a 14-year high of 5.13 million in February from 4.97 million in January. There were 1.69 unemployed people for every opening in February. The quits rate slipped to 1.9% from 2%. This is good news; there are more jobs available, and people are quitting their current jobs because they have a level of confidence that they can find a new, better job.   Because this is a slow week for economic data, we will be hearing some opinions from the folks at the Federal Reserve. Minneapolis Fed President Narayana Kocherlakota laid out a case for waiting until the second half of 2016 to start raising rates, and to then raise them gradually so as to reach just 2 percent by the end of 2017. Some of the Fed’s more hawkish …

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Financial Review

One Thing Is One Thing

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-13-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW – 27 = 17,613 SPX – 5 = 2023 NAS – 3 = 4661 10 YR YLD – .02 = 1.89% OIL – .03 = 46.04 GOLD – 2.30 = 1232.10 SILV + .43 = 17.14 The stock market went south so fast. We started the day with a triple digit gain, up more than 250 points, then down by more than 100; there was a 425 point swing from high to low. It is earnings reporting season. Shares of home builder KB Homes fell 16% after reporting softer demand in the fourth quarter hit gross margins, which will continue to lag prior-year results for some time. CSX, the railroad company, today announced record fourth-quarter 2014 net earnings of $491 million, a 15 percent increase from $426 million for the same period last year. The company also generated record fourth-quarter earnings per share of $0.49, up 17 percent from $0.42 per share in 2013. Tomorrow, JPMorgan and Wells Fargo will report earnings; Bank of America reports on Thursday, and Goldman Sachs on Friday. MetLife wants the government off its back. The US’s biggest life insurer is going to sue to challenge its designation as “systemically important”. The institutions that receive the designation are expected to bolster their capital and liquidity and to submit to heightened monitoring by the Federal Reserve under the 2010 Dodd-Frank Act to prevent another …

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Financial Review

Apple Bites

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-09-09-2014.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review DOW – 97 = 17,013 SPX – 13 = 1988 NAS – 40 = 4552 10 YR YLD + .03 = 2.50% OIL + .05 = 92.80 GOLD + .30 = 1256.80 SILV + .04 = 19.16 Today’s epiphany is courtesy of Apple; they unveiled not one but three new things. Let’s examine. The iPhone 6 is the new phone, and it is a little bit bigger than the old phone. And they even have an iPhone 6 plus, which is a little bit bigger. So, the new phones won’t fit in your pocket anymore. I know, it’s like the most totally incredible thing ever. The Apple Watch is smaller than the old phone; so small it can be strapped on your wrist. It even has a dial so older people will realize it is supposed to be a watch and not just a little phone strapped to your wrist. It is called the Apple Watch because iWatch was just a little too creepy. The third thing is Apple Pay, which is a payment processing service that has Apple partnering with American Express, MasterCard, and Visa so you can pay for purchases with a big iPhone 6 or an Apple Watch, just like you can pay for things with an American Express, MasterCard, or Visa credit card. The big difference is this is new technology, whereas the credit card is like 50 …

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