Financial Review

Bad Optics

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-03-2017.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSS  …..Strong start for trading in the New Year. Technical and fundamental considerations. ISM manufacturing closes 2016 on high note. Construction spending at multi-year high. 115th Congress first order – let the fox guard the chicken coop and then flip flop. Ford folds in the face of bad optics. Samsung S8 might replace your computer. Space X countdown to Sunday. Fewer new drugs last year. Financial Review by Sinclair Noe for 01-03-2017

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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: Apple Podcasts | Android | RSSSinclair Noe audio interview with Brad Holcomb, chair of the Institute for Supply Management Manufacturing Business Committee.

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Financial Review

Bradley Holcombe – ISM

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/BRADLEY_HOLCOMBE-SEG_2-02-01-2016.mp3Podcast: Play in new window | Download (Duration: 7:10 — 3.3MB)Subscribe: Apple Podcasts | Android | RSSBradley Holcombe, chair of the Institute for Supply Management Manufacturing Business Survey Committee. The January PMI came in at 48.2%, up from 48% in December.

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Financial Review

Bradley Holcomb – ISM Manufacturing

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/BRAD_HOLCOMB-SEG_2-01-04-2016.mp3Podcast: Play in new window | Download (Duration: 7:10 — 3.3MB)Subscribe: Apple Podcasts | Android | RSSSinclair Noe audio interview with Bradley Holcomb, chair of the Institute for Supply Management Manufacturing Business Survey Committee. Jan. 04, 2016

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Financial Review

Chips and Salsa

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-07-16-2015.mp3Podcast: Play in new window | Download (Duration: 13:03 — 6.0MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW + 70 = 18,120 SPX + 16 = 2124 NAS + 64 = 5163 10 YR YLD un = 2.35% OIL + .13 = 51.04 GOLD – 4.30 = 1145.60 SILV – .12 = 15.08   The Nasdaq Composite closed at a record high, taking out the old record from last month. After hours of debate, Greek lawmakers passed a bailout agreement late last night. Eurozone finance ministers agreed in principle to extend a €7 billion-euro bridge loan to Greece. The loan would allow Greece to pay some of its outstanding bills, meet a scheduled repayment to the ECB next week and open the door to securing a third bailout package. Up next: the German Bundestag will vote on Friday whether or not to approve the new rescue, however, talks over securing a new €86B bailout are likely to last for another four weeks.  European Central Bank President Mario Draghi said he views the country’s place in the euro as secure. Greek banks are still closed for the time being.   Yesterday, Fed Chair Janet Yellen said once again that the Fed is likely to raise interest rates at some point in 2015. Yellen told the House Financial Services Committee that the first hike since 2006 “will signal how much progress the economy has made in healing from the trauma of the financial crisis.” Today, Yellen repeated her semi-annual testimony to …

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Author Interviews

Scott Paul

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SCOTT_PAUL_12-05-2014.mp3Podcast: Play in new window | Download (Duration: 19:50 — 9.1MB)Subscribe: Apple Podcasts | Android | RSSListen to Scott Paul and Sinclair Noe discuss the November 2014 jobs report: For more information on the book, click banner: Remaking America by Richard McCormack Scott Paul – contributing author. Since the Industrial Revolution, the prosperity of America has depended on the strength of its manufacturing base. America is risking the future of its manufacturing sector, and with it the economic health of the nation and the standard of living of its people. Our competitors understand what’s at stake and are adopting policies to ensure their own success. America must do the same. First, that requires understanding the problem. Then, it requires that a new strategy be deployed, one that re-establishes the sector that made America great: manufacturing. A new era of innovation and technology is unfolding. We need to further encourage the growth of reshoring production back to the United States and investment in new production technologies and products that will transform the global economy. ReMaking America is the second volume on manufacturing policy edited by Richard McCormack. The first, Manufacturing a Better Future for America, came on the heels of the worst decade for manufacturing in our nation’s history. It set the stage for an unprecedented focus on Made in America. ReMaking America unveils a new story: one of hope. With the right policies, the authors argue, manufacturing may see a new dawn in America along with the wealth and growth …

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Financial Review

The Good, the Bad, and the Depressing

DOW + 129 = 16,956 SPX + 13 = 1973 NAS + 50 = 4458 10 YR YLD + .05 = 2.56% OIL – .13 = 105.24 GOLD – .80 = 1327.10 SILV + .02 = 21.08   Record high closes for the Dow and the S&P.   The record setting bull market run refuses to stumble. The S&P 500 has not seen a correction, a drop of 10%, for 1,002 days, and counting. This marks the fifth longest stretch without a correction since 1928. The average time between corrections is about 18 months; we’ve now gone 33 months without a 10% pullback.   The Institute for Supply Management said its manufacturing index registered 55.3% in June, down slightly from May’s reading of 55.4%. Any number above 50% signals expansion. Separately, the research firm Markit said its final reading of US manufacturing conditions in June totaled 57.3, compared with a preliminary reading of 57.5; still the highest reading since May 2010. So the manufacturing sector has expanded for 13 consecutive months, but it wasn’t a month over month increase, and we have to remember that manufacturing was expanding in the first quarter as the broader economy was contracting by 2.9%. Today’s reports were decent news for manufacturing, but hardly great.   The Commerce Department reports construction spending increased 0.1% in May, following a 0.8% increase in April. Construction activity totaled $958 billion at a seasonally adjusted annual rate in May, up 6.6% from a year ago. Single-family home construction was …

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Financial Review

Tuesday, July 01, 2014 – The Good, the Bad, and the Depressing

The Good, the Bad, and the Depressing by Sinclair Noe   DOW + 129 = 16,956 SPX + 13 = 1973 NAS + 50 = 4458 10 YR YLD + .05 = 2.56% OIL – .13 = 105.24 GOLD – .80 = 1327.10 SILV + .02 = 21.08   Record high closes for the Dow and the S&P.   The record setting bull market run refuses to stumble. The S&P 500 has not seen a correction, a drop of 10%, for 1,002 days, and counting. This marks the fifth longest stretch without a correction since 1928. The average time between corrections is about 18 months; we’ve now gone 33 months without a 10% pullback.   The Institute for Supply Management said its manufacturing index registered 55.3% in June, down slightly from May’s reading of 55.4%. Any number above 50% signals expansion. Separately, the research firm Markit said its final reading of US manufacturing conditions in June totaled 57.3, compared with a preliminary reading of 57.5; still the highest reading since May 2010. So the manufacturing sector has expanded for 13 consecutive months, but it wasn’t a month over month increase, and we have to remember that manufacturing was expanding in the first quarter as the broader economy was contracting by 2.9%. Today’s reports were decent news for manufacturing, but hardly great.   The Commerce Department reports construction spending increased 0.1% in May, following a 0.8% increase in April. Construction activity totaled $958 billion at a seasonally adjusted annual rate in …

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Uncategorized

Friday, March 07, 2014 – Jobs Report Friday and Aiming Higher

Jobs Report Friday and Aiming Higher by Sinclair Noe DOW + 30 = 16,452SPX + 1 = 1878NAS – 15 = 433610 YR YLD + .05 = 2.79%OIL + 1.00 = 102.56GOLD – 9.50 = 1341.90SILV – .51 = 21.03 This is a jobs report Friday. Here’s what you need to know. The economy added 175,000 net new jobs in February; this topped estimates of 150,000. The unemployment rate moved higher to 6.7%, up from 6.6% in January. After two months of very bad jobs reports, we returned to just below average levels of 189,000 per month; not a great showing but not ugly. The December and January reports were revised higher by 25,000 jobs. So why did the unemployment rate go up? The labor pool got bigger; more people were looking for work. The ranks of the short-term unemployed declined by 61,000 to 2.3 million, while the ranks of the  long-term unemployed jumped by 200,000 to 3.85 million, and the labor participation rate held steady at 63%, just above the generational low of 62.8% in December. That seems to be a discrepancy, but the unemployment rate is based on a separate survey of households from the one that tracks hiring by employers, and the household survey showed an increase of 264,000 in the labor force. The participation rate is still well below the range of 66% to 67% where it had been for the past 20 years or so. The unemployment rate went up slightly because that 264,000 gain …

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Uncategorized

Wednesday, March 06, 2013 – Hollowed Out

Mark your Calendar, April 5 & 6 and make your reservations for the 2013 Wealth Protection Conference in Tempe, AZ. For conference information visit www.buysilvernow.comor click here or call 480-820-5877. Hollowed Out by Sinclair Noe DOW + 42 = 14,296SPX + 1 = 1541NAS – 1 = 322210 YR YLD +.04 = 1.94%OIL – .39 = 90.43GOLD + 8.70 = 1585.10SILV + .34 = 29.04 I have to admit to a hollow feeling in these celebrations. The High Frequency Traders are probably having fun. The Wall Street banksters are swimming in waves of liquidity, freakishly similar to 2007, when they leveraged everything and then leveraged the leverage, and then leveraged the risk on the leverage. And after they burned the place to the ground, they took a bailout to rebuild, and they left the grounds slathered in debt. So, the Fed has cut interest rates to near zero, which is the optimal level when you are getting buried in debt. The low interest rate has the combined effect of lowering debt issuance and servicing costs, as well as increasing bank margins. The side effect is that currency debasement boosts competitiveness, investment and inflation. A few jobs result from increased competitiveness, but not enough to create a virtuous cycle. ADP said the private sector added 198,000 jobs last month; tomorrow we get the government’s monthly jobs report; and the word we now associate with the jobs report is “modest”. Here we are again; the Fed is juicing asset values and telling …

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