Financial Review

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http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1A-01-25-2017.mp3Podcast: Play in new window | Download (Duration: 12:06 — 5.5MB)Subscribe: Apple Podcasts | Android | RSS…..Dow, S&P 500 and Nasdaq all hit record highs. Trump will build a wall. Also, an end to sanctuary cities. Also, a major investigation into voter fraud. Also torture “absolutely” works. Also, a ban on refugees. Smog blankets Europe. Earnings reports from BA, UTX, FCX, AA, T, QCOM Financial Review by Sinclair Noe for 01-25-2017

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Financial Review

A Weak Week

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-08-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSS  The Fed tries to jawbone the markets higher but an ugly earnings reporting season starts next week. Oil prices jump as oil spills and the dollar drops. 

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Financial Review

Sprinting Up a Mountain

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-11-14-2014.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review DOW – 18 = 17634 SPX + 0.49 = 2039.82 NAS + 8 = 4688 10 YR YLD – .02 = 2.32% OIL + 1.74 = 75.95 GOLD + 26.40 = 1189.30 SILV + .64 = 16.41 The recent rally in the S&P 500 has been really, really strong. Today marked the 41st record high close for the S&P. In mid-September, the index dropped, and that continued until October 16th. On October 17th we told you about a bullish reversal pattern, and since then the S&P 500 has gained about 160 points. The S&P 500 has traded above its 5 day moving average for 21 consecutive sessions; this is unusual; it means the rally has been extremely strong and nearly non-stop; there were a couple of days where the index paused, but never really went down. The past 21 days resulted in a 12% gain; that’s like a runner sprinting up a mountain. The market is now extremely overbought. Typically, when the market is overbought, you might anticipate a pullback. We haven’t seen it yet, but we can anticipate and wait for the market to show us. There are plenty of reasons to think the stock market will continue higher. First reason is that it is in an uptrend right now; a trend in place is more likely to continue than it is to reverse. Another reason is that there is a …

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