Financial Review

Drifting

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-06-05-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..Quiet day. ISM non-manufacturing slips lower. Productivity revised higher to zero. Factory orders dip. Thursday brings election in UK. Plus, Comey testifies before Senate. Qatar on the diplomatic ropes. Trump wants to privatize air traffic control. SCOTUS rules for Wall Street; looks into 4th Amendment digital case. Winners and losers on Wall Street. FAANG still rules. Hey Siri, wake me when Apple does something cool. Financial Review by Sinclair Noe for 06-05-2017

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Financial Review

Hack Attack

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-12-29-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSS…..Russia sanctioned for hacks. Unemployment claims down. Trade deficit up. Sprint’s not-so-big job announcement. SEC in-house courts won’t fly. Alere has problems with Medicare billing. Sears continues a long, slow descent. Toshiba continues a fast, sharp descent. Airpods on backorder. Madrid minus cars. A tipping point for solar. Financial Review by Sinclair Noe for 12-29-2016

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Financial Review

Déjà vu All Over Again

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-09-23-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 09-23-2015   DOW – 50 = 16,279 SPX – 3 = 1938 NAS – 3 = 4752 10 YR YLD + .02 = 2.14% OIL – 1.67 = 44.69 GOLD + 5.70 = 1131.40 SILV + .03 = 14.89   Pope Francis visited the White House this morning. Speaking from the South Lawn before a crowd of about 15,000, the Pope said “climate change is a problem which can no longer be left to a future generation. When it comes to the care of our common home, we are living at a critical moment of history”; this was also a reference to his encyclical published in May, “Laudato Si – On Care for Our Common Home”, which addressed climate change. Francis has been a frequent critic of the damage caused to the world’s poor and the environment by capitalism’s excesses.   He also urged more attention be paid to the millions in poverty now overlooked by society, quoting Martin Luther King that “we have defaulted on a promissory note and now it is time to honor it.” Pope Francis said he will encourage Congress to guide the U.S. in fidelity to its founding principles including religious liberty. He referred briefly to the issue of immigration, and called on the U.S. to build a “truly tolerant and inclusive” society. Francis described himself as the son of an immigrant Italian family …

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Financial Review

Never the Twain Shall Meet

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-09-22-2015.mp3Podcast: Play in new window | Download (Duration: 13:17 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 09-22-2015 DOW – 179 = 16,330 SPX – 24 = 1942 NAS – 72 = 4756 10 YR YLD – .09 = 2.12% OIL – .85 = 45.83 GOLD – 8.70 = 1125.70 SILV – .45 = 14.87   Pope Francis is in Washington. The Pope will visit Washington, New York City and Philadelphia as part of his first-ever trip to the U.S., a six-day, five-night trip which will feature a couple of masses that are expected to draw huge crowds. The Pope will address a joint session of Congress Thursday; he may make points that challenge both parties, particularly if he repeats his remarks against what he sees as the excesses of globalization and capitalism. And he may discomfort both the White House and Congress if he urges them to do more to help Syrian refugees flooding through Europe. Then he will address the United Nations General Assembly in New York, where he will also conduct mass at Madison Square Garden on Friday.   China’s President Xi Jinping touched down in Seattle today to meet American business leaders before heading to Washington on Thursday to speak with President Obama. The two will discuss several thorny issues, including cybersecurity, the South China Sea, North Korea’s nuclear threat, human rights and a widening trade deficit. President Xi will tour the Boeing aircraft plant near Seattle. Not much new to see …

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Financial Review

Sunlight is the Best Disinfectant

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-08-05-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 08-05-2015 DOW – 10 = 17,540 SPX + 6 = 2099 NAS + 34 = 5139 10 YR YLD + .06 = 2.27% OIL – .59 = 45.15 GOLD – 3.00 = 1085.50 SILV + .02 = 14.69   Private-sector hiring slowed in July. Employers added 185,000 private-sector jobs in July, down from 229,000 jobs in June, and below the average pace for the past six months. Gains slowed across all size-firms except large firms in July. Manufacturing employment has slowed sharply since the beginning of the year. The ADP report sometimes offers a hint of what we might expect from the monthly government report on jobs, which will be released Friday. Strength or weakness in the labor market is thought to be a key factor in the Federal Reserve’s decision to possibly hike interest rates in September.   The Institute for Supply Management said its services index surged to 60.3% from a 56% reading in June. Any reading above 50% indicates expansion. It was the highest reading since 2005. The business activity and new orders components both were over 60%, and the employment index increased 6.9 percentage points to 59.6%. We’ll have more details on the ISM report in our next segment.   Atlanta Fed President Dennis Lockhart said it would take “significant deterioration” in the U.S. economy for him to not support a rate hike in …

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Financial Review

Into the Ditch

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-07-21-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSS  Financial Review by Sinclair Noe DOW -181 = 17,919 SPX – 9 = 2119 NAS -10 = 5208 10 YR YLD – 3 = 2.34% OIL + .21 = 50.36 GOLD + 3.30 = 1102.00 SILV + .18 = 14.95     Earnings reporting season continues with about one-quarter of S&P 500 companies scheduled to report this week. Among the gainers: Harley Davidson posted second quarter earnings and revenue that topped expectations, Travelers posted a second-quarter profit that was better than expected, due to fewer losses from catastrophes. Among the decliners: United Technologies issued a profit warning and announced that its aerospace and elevator units will be below expectations due to a strong dollar and China’s economic slump, IBM’s second quarter earnings fell 17% and revenue dropped 13%, Verizon posted better than expected earnings but revenue missed estimates, Lexmark swung to a loss and announced it will cut 500 jobs.   The big news in earnings came from some of the biggest names: Apple and Microsoft. Apple sold 47.5 million iPhones, a 35 percent gain, in the period that ended in June. Analysts had anticipated 48.8 million shipments. Net income in the fiscal third quarter, which ended in June, was $10.7 billion, or $1.85 a share, while revenue rose 33 percent to $49.6 billion. Analysts on average had forecast third-quarter profit of $1.81 a share on sales of $49.4 billion. The gross margin was 39.7 percent, …

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Financial Review

Trending

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-28-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW + 72 = 18,110 SPX + 5 = 2114 NAS – 4 = 5055 10 YR YLD + .05 = 1.97% OIL – .06 = 56.93 GOLD + 10.10 =  1212.80 SILV + .21 = 16.71   House prices picked up in February, rising 0.5%, according to the S&P/Case-Shiller 20-city composite index. After seasonal adjustments, home prices rose 0.9% in February, matching January’s gain. Compared with February 2014, prices for the 20-city index were up 5%, the fastest growth in half a year. Home prices in Phoenix gained 0.3% for the month and 2.9% for the 12 month period.   The Commerce Department reports home ownership slipped to a 25 year low of 63.8% in the first quarter. The home ownership rate peaked at 69.4% in 2004. Household formation increased by 1.5 million in the first quarter. More people, starting more households, but they aren’t buying homes. With many Americans still showing an aversion to homeownership, the gains in household formation largely are being driven by renters.   Consumer confidence declined in April to a four-month low as Americans’ views of the labor market and the outlook on the economy deteriorated. The Conference Board’s index dropped to 95.2 from a revised 101.4 reading in March. The report showed fewer respondents said jobs were plentiful in April and income expectations cooled, signaling consumers will remain guarded about spending. The …

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Financial Review

Who’s Buying Whom

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-02-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW + 65 = 17,763 SPX + 7 = 2066 NAS + 6 = 4886 10 YR YLD + .03 = 1.90% OIL – .81 = 49.28 GOLD – 1.10 = 1203.00 SILV – .18 = 16.86   Iran and six world powers, including the US, has agreed to a framework for a final deal on Iran’s controversial nuclear program. The understanding still needs to work out some details but it paves the way for the start of a final phase of talks that aims to reach a comprehensive agreement by the end of June. The agreement concludes weeks of intense negotiations and comes two days beyond the initial March 31 deadline for an outline deal.   Iran has accepted limitations on its enrichment capacity that include retaining only one enrichment facility. Europe and the United States will end nuclear-related economic and financial sanctions on Iran under the future deal after the United Nations’ nuclear agency confirms Tehran’s compliance with the deal.   The standoff over Iran’s nuclear program has dragged on for more than a decade. In November 2013, both sides concluded a preliminary agreement that froze some of Iran’s most sensitive nuclear activities in return for limited sanctions relief. The parties also agreed to reach a conclusive deal by June 2015.   Shortly after the agreement was announced, President Obama read a statement in the Rose Garden of the …

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Financial Review

Bond King Exits

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-09-26-2014.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review DOW + 167 = 17,113 SPX + 16 = 1982 NAS + 45 = 4512 10 YR YLD + .02 = 2.53% OIL + .53 = 91.83 GOLD – 2.50 = 1220.40 SILV + .16 = 17.76 This week proved quite a roller coaster ride for the major indices. The Dow Industrial Average moved by at least 100 points in each of the five sessions, and finished the week down 1%. The S&P 500 climbed above its 50-day moving average today after dropping below the level yesterday for the first time since August. The S&P 500 was 1.4% lower on the week, and the Nasdaq lost 1.5% for the week. The Russell 2000 Index of smaller companies extended its September loss to 5.5 percent yesterday after dropping 6.1 percent in July. The Gross Domestic Product increased at a rate of 4.6 percent in the second quarter, according to third and final revision on GDP; up from the earlier estimate of 4.2% growth, and up from 2.5% growth in the same period a year ago. It represents the fastest rate of growth since the last three months of 2011. Spending on personal consumption increased 2.5 percent in the second quarter, up from 1.2 percent in the first. Durable goods, such as cars, homes and electronics jumped 14.1 percent, compared with an increase of 3.2 percent in the last quarter. The latest revision of …

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Financial Review

Thursday, June 05, 2014 – The European Central Bank Has Done Something

The European Central Bank Has Done Something by Sinclair Noe   DOW + 98 = 16,836 SPX + 12 = 1940 NAS + 44 = 4296 10 YR YLD – .02 = 2.58% OIL – .18 = 102.46 GOLD + 9.60 = 1254.20 SILV + .24 = 19.04   The Dow and the S&P finished with record high closes.   We start in Europe. The European Central Bank has done something. No, I’m serious, they did something; not just talked about doing “whatever it takes”, they actually took some action; nothing terribly bold; probably not enough, but something. Specifically, the ECB cut its benchmark interest rate to 0.15% from 0.25%, and the deposit rate to minus 0.10% from zero. The rate cuts will take effect next week, on June 11. They are trying the  negative interest rate, which has never been tried on a large scale, in a bid to push down the value of the euro and encourage banks to invest excess cash rather than hoard it in central bank vaults.   The ECB will also begin offering four-year loans to banks at the benchmark interest rates, under conditions meant to ensure that lenders use the money to issue loans to businesses. The loans are designed so that they can’t just borrow the money from the ECB at 0.15% and toss it into government bonds.   Also, the ECB will start buying packages of loans, or asset-backed securities; another measure designed to push lending to small businesses; right now …

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