Financial Review

December 2017 Jobs Report

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-05-2018.mp3Podcast: Play in new window | Download (Duration: 13:16 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS….Record highs for the Dow, S&P 500, Nasdaq, and Russell 2000. 148,000 new jobs in December. Unemployment rate at 4.1%. U-6 ticks up to 8.1%. Wages continue to disappoint…. Financial Review by Sinclair Noe for 01-05-2018

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Financial Review

Jobs Report Friday

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-06-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW – 278 = 17,856 SPX – 29 = 2071 NAS – 55 = 4927 10 YR YLD + .13 = 2.24% OIL – 1.02 = 49.74 The first Friday of the month is all about jobs. The Bureau of Labor Statistics reports the economy added 295,000 new jobs in February. The unemployment rate dropped from 5.7% to 5.5%. The results topped estimates of 235,000 jobs, and also beats the revised 239,000 reported for January (revised down from 257,000); and also up from 188,000 a year ago.   The estimates were lower, mainly because most of the country has been experiencing harsh winter weather, and on the West Coast there was a shutdown and a slowdown at the ports. None of that seemed to matter, and if you are thinking ahead, you might imagine that the economy will just keep getting stronger as the weather gets better.   Now, you might look at how Wall Street responded to this very good news about jobs and you might be scratching your head, you might even think Wall Street is opposed to honest, hardworking Americans. Well, maybe a little, but the reason for the sell-off is that a stronger economy means higher interest rates. Investors are looking and focusing entirely on what the Federal Reserve will do in the coming months. Effectively good news in this data point supports the notion …

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Financial Review

Another Glass of Kool-Aid

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-09-03-2014.mp3Podcast: Play in new window | Download (Duration: 13:15 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review DOW + 10  = 17,078 SPX – 1 =  2000 NAS – 25 = 4572 10 YR YLD – .01 = 2.41% OIL – .36 = 95.18 GOLD + 3.50 = 1270.30 SILV + .02 = 19.27   The Commerce Department reports orders for goods produced in US factories rose 10.5% higher in July, mainly due to a big surge in contracts for commercial aircraft. Yet excluding transportation goods, factory orders fell 0.8% in July.   Meanwhile, auto sales rose to a seasonally adjusted annual rate of 17.5 million in August, up from 16.5 million in July. Recalls finally caught up with General Motors and sales declined 1%; Chrysler sales were up 20%; Ford sales were up less than 1%; VW slipped 13%; Nissan sales were up 12%; and Toyota gained 6%.   Tesla is expected to announce tomorrow that it has selected Nevada to be the home of its gigafactory, which will build batteries. Arizona, California, New Mexico, and Texas were also in the running for the $5 billion plant, a key part of Tesla’s plan to scale up its production and launch a mass-market car in the next couple of years. The factory is expected to employ more than 6,000 people.   The Federal Reserve gathers information from its districts two weeks before they get together for the FOMC policy meetings. They publish the information in a beige folder, and …

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Uncategorized

Monday, June 24, 2013 – Hog Wild

Hog Wild by Sinclair Noe DOW – 139 = 14,659SPX – 19 = 1573NAS – 36 = 332010 YR YLD + .03 = 2.55%OIL + 1.26 = 94.95GOLD – 16.00 = 1283.60SILV – .43 = 19.79 On Friday’s show we had a call near the end of the hour and the caller posed a good question: “has the Fed started tapering?” The answer is technically “no”. But I had a chance to reflect over the weekend and I think what the Fed has done is started the process of gauging market reaction to an eventual exit from QE. It’s like dipping a toe in the water. Or as Richard Fisher, president of the Dallas Fed, told the Financial Times today, “Markets tend to test things. We haven’t forgotten what happened to the Bank of England [on Black Wednesday]. I don’t think anyone can break the Fed . . . But I do believe that big money does organize itself somewhat like feral hogs. If they detect a weakness or a bad scent, they’ll go after it.” Fisher said the exit has not started but last week’s hints by Fed Chairman Bernanke were part of a process to prepare the markets for the end of central bank support; or as Mr. Fisher put it: “I don’t want to go from Wild Turkey to Cold Turkey overnight.” The People’s Bank of China seems to be taking the Cold Turkey approach; they are telling the country’s largest banks to rein in risky loans and improve their balance …

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