Financial Review

Big Earnings Week

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-07-24-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..Nasdaq record. Fed FOMC looking for inflation. GDP growing but not enough. Big week for earnings. 2Q reports off to a good start. Google earnings hit by EU fines, but still shows growth. KKR buys WebMD. Trump pleads for something on healthcare. Kushner testifies. Dems offer Better Deal. NASA tries to crack the sonic boom. Financial Review by Sinclair Noe for 07-24-2017

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Financial Review

Death by a Thousand Cuts

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-07-18-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..S&P and Nasdaq close at records. Repeal and replace is dead. Repeal only is dead. What next? NAR shows more foreign real estate buyers. Home builder confidence slips. Would you pay for Made in USA? California extends cap and trade. Bank of America and Goldman Sachs post earnings. Financial Review by Sinclair Noe for 07-18-2017

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Financial Review

Still Too Hot

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-06-21-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..Oil stockpiles drop and oil prices drop – bears in charge. Drug prices zoom on dereg draft. Repeal and replace unveiling tomorrow – what’s not to hate? Opioids ubiquitous. Existing home sales, tight inventory, higher prices. Bank lending tightens. We’re number 18. Kalanick’s ride ends. Nike goes Amazon. Sears Canada goes bust. UPS’ Christmas gift to us all. London Whale blames Jamie Dimon. Financial Review by Sinclair Noe for 06-21-2017

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Financial Review

Remember Remember

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-11-05-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 11-05-2015 DOW – 4 = 17,863 SPX – 2 = 2099 NAS – 14 = 5127 10 YR YLD + .02 = 2.25% OIL – .94 = 45.38 GOLD – 3.90 = 1104.60 SILV – .12 = 15.04   Janet Yellen testified on Capitol Hill yesterday afternoon. Yellen was speaking at a hearing about financial regulation. Congress in 2010 created the position of vice chairman for regulation at the Fed and required that person to report regularly, but 5 years later, the position has not been filled; Ms. Yellen testified instead. The conversation quickly turned to interest rates, and Yellen said the Fed could raise rates in December; she thinks the economy is performing well, and so a rate hike would be appropriate, but no decision has been made. The markets are now putting the odds of a December rate hike at almost 60%.   The Bank of England said “no” to an interest rate hike this morning; they cited gloomier prospects for global growth. Bank of England chief Mark Carney, who had previously played down threats to major economies from slowing growth in China and other emerging markets, sent a cautious message that pointed to UK borrowing costs remaining on hold until 2017. The pound fell a full cent against the dollar in response, but the dollar handed back all of its gains in morning trade to stand …

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Financial Review

The End of Summer

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-09-21-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 09-21-2015 DOW + 125 = 16,510 SPX + 8 = 1966 NAS + 1 = 4828 10 YR YLD + .08 = 2.21% OIL – .26 = 46.42 GOLD – 6.50 = 1134.40 SILV + .03 = 15.31   The National Association of Realtors says sales of previously owned homes fell 4.8% in August to an annual pace of 5.31 million, marking the first decline in four months. The sales rate in July was revised down slightly to a seasonally adjusted 5.58 million, but that was still the highest level in eight years. The median price of homes sold was up 4.7% to $228,700 from 12 months ago. Inventories of existing homes on the market rose 1.3% to 2.29 million, representing 5.2 months’ supply at current sales trends. Sales fell in all major regions except the Northeast, where they were unchanged.   The Federal Reserve reports businesses racked up new debt at an annual rate of 8.3% in the second quarter. That was the fastest growth since the first quarter of 2008 and was driven mostly by corporate bond issuance. While issuing debt, the corporate stockpile of cash rose to $2.06 trillion from $1.99 trillion. The Fed report also shows that households and nonprofits saw their net worth increase by $695 billion in the second quarter, mostly due to the rise in home values but also due to the …

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Financial Review

Casino Mentality

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-07-22-2015.mp3Podcast: Play in new window | Download (Duration: 13:15 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW – 68 = 17,851 SPX – 5 = 2114 NAS – 36 = 5171 10 YR YLD – .02 = 2.32% OIL – 1.62 = 49.24 GOLD – 7.00 = 1095.00 SILV – .05 = 14.90   As of today, Wall Street will have to comply with the “Volcker rule,” which bans taxpayer-insured banks from making bets with their own money. Although major financial institutions have fought for years to change the rule, they have for the most part fallen in line – shedding their proprietary-trading desks, pulling money from certain investment funds and ceasing other speculative activities. The new rule has also changed much of the industry. The five largest U.S. investment banks cut staff on bond sales and trading desks by 18% from 2011 to 2014, while 1,428 new hedge funds were launched during the same period.   Greek MPs are debating a second set of reforms they need to approve to secure a €86 billion-euro bailout, as thousands protest against further austerity measures. The protest outside parliament briefly turned violent. Earlier, Greece’s PM urged rebels within his own Syriza party to support the reforms demanded by creditors. Meanwhile, the European Central Bank has increased its cash lifeline to Greek banks with an emergency injection of an extra €900 million-euro, the ECB’s second in a week, coming just hours before the vote.   The National Association of …

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Financial Review

The Dog Ate the Greek Proposal

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-02-23-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW – 23 = 18,116 SPX – 0.64 = 2109 NAS + 5 = 4960 10 YR YLD – .07 = 2.06% OIL – 1.36 = 49.45 GOLD – 2.10 = 1202.80 SILV + .05 = 16.42   The S&P 500 climbed 0.6 percent last week to finish at record highs, the third record high of the year. The Dow rose to its first record of the year and the Nasdaq Composite closed at its highest level since March 2000, closing in on 5000. The Russell 2000 Index advanced 0.7 percent, also ending at a record Friday. Much of the stock market action has followed news of a compromise with Greece. At last week’s meeting, Greece signed up to all the conditions of its current bailout package and to continued international oversight, provided the Greeks come up with a list of reforms. Easier said than done; any reforms have to be acceptable to the Troika (the IMF, the ECB, and the EU, and subject to approval by all EU members) and at the same time it will have to be acceptable to Greeks who voted against the austerity plans of the Troika. The plan was supposed to be presented today, but that didn’t happen. Now the Greeks say they will present the reforms tomorrow. Given that Monday night was treated as a hard deadline for getting the Greek proposals …

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Financial Review

Tuesday, April 22, 2014 – Helicopter Drops Were Successful, and Other Revisions

Helicopter Drops Were Successful, and Other Revisions by Sinclair Noe DOW + 65 = 16,514SPX + 7 = 1879NAS + 39 = 416110 YR YLD + .01 = 2.73%OIL – 1.77 = 101.88GOLD – 6.60 = 1284.70SILV – .05 = 19.49 Sales of previously owned homes fell in March for a third consecutive month as rising prices and a lack of inventory discouraged would-be buyers. The National Association of Realtors reports closings, which usually take place a month or two after a contract is signed, fell 0.2% to a 4.59 million annual rate, the lowest level since July 2012. It was the seventh drop in the last 8 months pushing sales down 8.5% compared with the same month last year before adjusting for seasonal patterns. The drop in demand might not lead to a flat-line in home prices. That’s because one obstacle to lower sales is the low number of homes on the market. The number of houses for sale at the end of last month rose to 1.99 million compared with 1.93 million a year earlier. At the current pace, it would take 5.2 months to sell houses compared with 5 months at the end of February. There are some positives in the housing market: distressed sales are down; delinquencies are down; negative equity has declined; and even though inventory is up slightly, that is a positive because inventory had been too tight. The median price of an existing home climbed 7.9% from March 2013 to $198,500. The appreciation …

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