Financial Review

Passable? Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..Senate unveils a tax plan. Is it passable? Junk bonds stumble. Earnings parade: DIS, M, JWN, KSS, ROKU, NVDA, DISH. It’s going to hit us. Financial Review by Sinclair Noe for 11-09-2017


Friday, August 16, 2013 – Who Knows?

Who Knows? by Sinclair Noe DOW – 30 = 15,081SPX – 5 = 1655NAS – 3 = 360210 YR YLD + .07 = 2.83%OIL + .62 = 107.95GOLD + 11.10 = 1378.20SILV + .25 = 23.36 The Dow fell 2.2 percent for the week, its biggest decline since June 2012, while the S&P 500 dropped 2.1% for the week and the Nasdaq dropped 1.6%; their biggest weekly losses since June, 2013. It was a second week of losses for the major indexes. The yield on the 10 year note climbed to the highest level in 2 years. Gold settled at its highest price in almost two months. The productivity of US workers rose more than projected in the second quarter. The measure of employee output per hour increased at a 0.9% annualized rate, after a 1.7% decline in the prior three months. Even with the second-quarter pickup, productivity was unchanged in the 12 months ended in June, below the average 2.4% annual gain in the 2000-2011 period. Businesses are reaching the limit of how much efficiency they can squeeze from their existing staff. So, we’re at a point where any increase in demand could prompt more hiring, but we’re not seeing an increase in demand. The Thomson Reuters/University of Michigan’s preliminary reading on the overall index on consumer sentiment slipped to 80.0 from 85.1 in July. We’re all consumers aren’t we; that’s how we are measured; that is our value to corporate America. Earlier this week I repeated the old …