Financial Review

Carving Pumpkins

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-31-2017.mp3Podcast: Play in new window | Download (Duration: 13:16 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..Nasdaq record high close. Big 5 tech stocks rule. Valuations high. Consumer confidence up. Employment costs up. Housing formation down. Home prices up. Fed meets to do nothing. Waiting on tax text, which might be the scariest thing this week. Financial Review by Sinclair Noe for 10-31-2017

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Financial Review

Record High Close

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-09-12-2017.mp3Podcast: Play in new window | Download (Duration: 13:16 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…Dow, S&P 500 ad Nasdaq hit record highs. JOLTS shows tight labor market. Median household income hits 17 year high, sort of. Home prices climb. Florida is powerless. Apple unveils X. Financial Review by Sinclair Noe for 09-12-2017

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Financial Review

Oh Canada

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-25-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..Nasdaq record high; 17 years to cross 6,000. Earnings drive the market: McDonald’s, Caterpillar, Coca-Cola, AT&T, 3M, Chipotle. Panera delivers. Wells and Citi face angry shareholders. Trade war with Canada over lumber. Mexican tuna is safe. Judge blocks sanctuary city order. Consumer confidence dips. New and existing home sales rise. Financial Review by Sinclair Noe for 04-25-2017

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Financial Review

Go Figure

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1A-02-08-2017.mp3Podcast: Play in new window | Download (Duration: 12:09 — 7.0MB)Subscribe: Apple Podcasts | Android | RSS  …..Nasdaq’s 12 record for 2017. Crude glut, prices rise. Intel investing in AZ. Sharp investing in US. Brexit vote. VW investing in Electrify America. Takata guilty. Earnings season roundup. BofA opens robo-branches. Goldman Sachs robo-bankers. Financial Review by Sinclair Noe for 02-08-2017

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Financial Review

Let’s All Go to the Movies

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-24-2017.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSS…..S&P and Nasdaq hit records. TPP dead. Keystone and DAP revived. Breakfast with Big 3. South China Sea simmers. UK loses Article 50 case. Aetna-Humana and a big threat. Earnings season in full bloom (or bust, depending.) Home resales dry up in December. It’s a La La Land world we live in. Financial Review by Sinclair Noe for 01-24-2017

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Financial Review

Meet the Press

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1A-01-11-2017.mp3Podcast: Play in new window | Download (Duration: 12:16 — 5.6MB)Subscribe: Apple Podcasts | Android | RSS…..Nasdaq record. Trump meets the press, markets genuflect, hilarity ensues, sort of. World Bank cuts global forecast. World Economic Forum puts climate change as top risk for 2017. Wells Fargo “Age of Discontent”. Bill Gross v. Jeff Gundlach; 2.6% v 3.0%; and the end of an era. Cars, airplanes and yieldcos. Financial Review by Sinclair Noe for 01-11-2017

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Financial Review

Undo Send

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-06-23-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW + 24 = 18,144 SPX + 1 = 2124 NAS + 6 = 5160 10 YR YLD + .05 = 2.41% OIL + .33 = 61.01 GOLD – 7.90 = 1179.00 SILV – .33 = 15.94   This was a flat day on Wall Street. Most of the session saw the major averages hovering around breakeven. The Nasdaq Composite eked out another record high. The economic news was mixed; durable goods orders were weak but new home sales were fairly strong. While stocks have been trading in a very tight range to start the year, some might call it boring. The Standard & Poor’s 500 index hasn’t posted a gain or loss of 2 percent or more for 126 days, the longest streak since one ending in February 2007. Meanwhile, the bond market has been pretty exciting but not in a good way. Longer-dated Treasuries have been jumping all over the place, posting some of the biggest back-to-back gains and losses on record as the Federal Reserve talks about raising interest rates and European leaders act out a Greek tragedy.   The bond market is supposed to be a safe haven, and so bond investors have pulled $327 million from exchange-traded funds focused on this longer-dated debt in the past week alone, and $1.4 billion year-to-date.   The Commerce Department says non-defense capital goods orders excluding aircraft rose …

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Financial Review

A Spidey Monday

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-06-22-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe   DOW + 103 = 18,119 SPX + 12 = 2122 NAS + 36 = 5153 10 YR YLD + 9 = 2.36% OIL + .07 = 59.68 GOLD – 14.40 = 1186.90 SILV + .09 = 16.27   The Nasdaq Composite set a new closing and intraday record, topping the highs set on Thursday. The Russell 2000 gained 7 to close at 1292, a record high. The S&P 500 is a stone’s throw from record highs at 2130. Eurozone leaders are held an emergency summit today to “urgently discuss the situation of Greece at the highest political level.” The summit comes just eight days before Athens needs to make a crucial €1.6-billion-euro payment to the IMF. Over the weekend, Greek PM Alexis Tsipras submitted a new reforms package to foreign creditors, signaling eleventh-hour concessions to avoid a possible default. The Greek government said its proposals included steps to eliminate early retirement options, hike the sales tax, increase tax surcharges that middle- and high-income earners pay and to introduce a levy on companies with annual net income of more than about $570,000.   Eurozone finance ministers welcomed the Greek proposals for a cash-for-reform deal but said they required detailed study and it would take several days to determine whether they can lead to an agreement to avert a default. The ministers agreed to reconvene later this week. And even if there …

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Financial Review

Sooner Rather Than Later

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-06-18-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW + 180 = 18,115 SPX + 20 = 2121 NAS + 68 = 5132 10 YR YLD + .04 = 2.35% OIL + .53 = 60.45 GOLD + 16.90 = 1203.00 SILV + .04 = 16.26   Three straight days of gains on Wall Street.  The Nasdaq finished up 68 points, or 1.3%, to 5132.95 and hit a new intraday record high of 5143.32. That tops its previous all-time intraday high of 5132.52, set back in March 10, 2000. The Nasdaq’s previous closing high of 5,106.59 was notched much more recently, on May 27. The rally was broad-based as all 10 S&P sectors rose with health care leading the way and all 30 stocks of the Dow posted gains.   We start with economic data. The consumer price index rose a seasonally adjusted 0.4% last month, almost entirely because of a surge in gasoline prices ahead of the summer driving season. Gas prices shot up 10.4% to mark the largest gain in six years. The overall cost of food, meanwhile, was unchanged for the second month in a row. Stripping out the volatile food and energy categories, so-called core consumer prices rose a much milder 0.1% in May. The cost of housing, airline tickets and medical care all rose while clothing prices declined.   The Conference Board’s leading economic index rose 0.7% in May for the second month …

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Financial Review

Chips and Salsa Like 1999

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-24-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW + 21 = 18,080 SPX + 4 = 2117 NAS + 36 = 5092 10 YR YLD – .03 = 1.92% OIL – .58 = 57.16   Yesterday, the Nasdaq closed at 5,056, finally surpassing its tech-boom peak of 5,048 set in March 2000. It only took a little over 15 years to get back to those levels. Today the party continued. The S&P 500 hit a new record high close, but just barely; topping the March 2 record by a fraction. For the week, the Nasdaq surged 3.2% and the S&P 500 jumped 1.8%. The Dow added 1.4%.   WTI crude oil closed down 58 cents at $57.16 a barrel, retreating from Thursday’s 2015 high of $58.41. It rose for a sixth straight week, its longest such stretch since the first quarter of 2014. This week’s gain was 2.5 percent. After a sell-off between June and January driven by oversupply, oil prices seem to have found their footing in the last three months, gaining about 33 percent from a low in March.   In the past year, there’s been an inverse relationship between the price of crude oil and the relative performance of retail stocks. Also, most retailers aren’t hurt by a stronger dollar; rather, it helps because items imported to the US are cheaper. An almost 60 percent decline in oil between June 2014 and mid-March contributed …

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