Financial Review

Never Ending Pi

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-14-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..Waiting on the Fed. Saudis cheat on cuts. PPI pops. Small biz optimism dips. FDIC calls for Glass-Steagall (ish). Low volatility on Wall Street. Neiman Marcus sales. Moneygram sweetener. Goodbye Ruby Tuesday? Brexit coming. Wayne Tracker, CEO. EPA cuts; mayors fight back. Goodenough battery breakthrough. Happy Pi Day. Financial Review by Sinclair Noe for 3.14159…2017

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Financial Review

Slow Motion Domino

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-11-10-2015.mp3Podcast: Play in new window | Download (Duration: 13:17 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 11-10-2015 DOW + 27 = 17,758 SPX + 3 = 2081 NAS – 12 = 5083 10 YR YLD – .02 = 2.32% OIL + .22 = 44.09 GOLD – 2.50 = 1090.40 SILV – .14 = 14.54   Crude prices are set for a slow recovery, according to the latest report from the International Energy Agency, which warned against the deep investment cutbacks in the industry. In its World Energy Outlook, the IEA’s central scenario for oil prices forecast that the market would rebalance at around $50 to $80 per barrel in 2020, (a not very precise guess) “with further increases in price thereafter.” It also predicted that collectively, the U.S., EU and Japan would see their oil demand drop by around 10 million barrels a day by 2040.   Oil production from the Bakken and Eagle Ford shale plays in the U.S. has been falling since March. Total oil output from seven major U.S. shale regions is expected to fall by 118,000 barrels a day to about 4.95 million barrels a day in December. There is no evidence at current prices that rig drilling activity will recover any time this year, so we can expect ever lower production every month well into 2016. That doesn’t mean a quick increase in prices, in part because Iranian oil is expected to come online as sanctions are lifted, and also …

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Financial Review

Watching and Waiting

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-13-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 10-13-2015   DOW – 49 = 17,081 SPX – 13 = 2003 NAS – 42 = 4796 10 YR YLD – .04 = 2.05% OIL – .53 = 46.57 GOLD + 5.00 = 1169.90 SILV + .09 = 16.01   Anheuser-Busch InBev and SABMiller have agreed on terms for a takeover, with the world’s largest brewer set to pay $106 billion. The deal brings one out of every three beers sold worldwide under a single company. Under terms of the agreement, AB InBev would pay a $3 billion break-up fee to SABMiller should the transaction fail to clear regulatory hurdles or shareholders don’t approve of it. If the deal goes through, it would be the biggest acquisition of the year, and the largest in British history. SABMiller’s two largest shareholders, Altria Group and Bevco Ltd., can receive cash and stock for their stakes, which account for 41 percent of the company. They won’t be able to sell the shares for five years; a move that might have tax benefits.   Dell’s $67 billion buyout of EMC appears to be a win for nearly everyone involved – except EMC bondholders. Investors in EMC’s $5.5 billion of bonds are down about $338 million since news of the deal first became public last week. Why’s that? Dell’s plan to raise about $50 billion in debt for the acquisition will push existing bondholders down …

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Financial Review

Sheepish Algorithms

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-07-14-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW + 75 = 18,053 SPX + 9 = 2108 NAS + 33 = 5104 10 YR YLD – .03 = 2.40% OIL + .84 = 53.04 GOLD – 2.70 = 1155.80 SILV – .13 = 15.48   The stock market posted its first 4-day winning streak since January. The S&P 500 last week fell as much as 4 percent from its all-time high, and has since recovered to trade within 1 percent of its record set in May. The S&P 500 and the Dow are up 3 percent over four sessions, while the Nasdaq Composite has added 4 percent. The United States and other world powers reached an agreement with Iran that calls for limits on Tehran’s nuclear program in return for lifting economic sanctions that have crippled Iran’s economy, enabling the oil-rich nation to ramp up its energy exports, access international finance and open the doors to global investors. Full implementation of the agreement will likely take months and is contingent on the pace at which Iran meets its obligations. The deal will keep Iran from producing enough material for an atomic weapon for at least 10 years and impose provisions for inspections of Iranian facilities, including military sites.   Oil prices initially dropped when the Iran deal was announced, but then prices climbed higher. The oil markets were not surprised by the news announcement, and a …

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Financial Review

Magnitude of Falsity is Enormous

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-05-12-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW – 36 = 18,068 SPX – 6 = 2099 NAS – 17 = 4976 10 YR YLD – .03 = 2.25% OIL + 1.50 = 60.75 GOLD + 9.50 = 1194.00 SILV + .21 = 16.58   The Treasury market continued to sell-off this  morning, pushing the yield on the benchmark 10-year Treasury up to 2.35% intraday, the highest point since Nov. 21. The selling eased by the afternoon, sending the yield down to 2.25 percent. The intense selling in the Treasury market was fueled by a similar meltdown in the Eurozone’s government bond market which has been going on for more than two weeks. Germany’s 10-year bund yield is 14 times higher than a month ago.  The yield on the 10-year benchmark German bond known as the bund increased 12 basis points to 0.71% intraday and European peripherals, such as Spain, Italy and Portugal, also saw their yields jump between 10 and 13 basis points.   At a panel discussion in Zurich this morning, NY Fed President William Dudley outlined that he does not know when interest rates will rise but repeated recent comments that the policy tightening will depend on the US economy. In other words, the Fed won’t send out engraved invitations and you will need to stay alert but the markets shouldn’t be surprised when the Fed raises rates. Dudley said the conditions that will determine …

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Financial Review

We’ll Know It When We See It

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-10-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSS    Financial Review by Sinclair Noe DOW – 332 = 17,662 SPX – 35 = 2044 NAS – 82 = 4859 10 YR YLD – .07 = 2.13% OIL – 1.71 = 48.29 GOLD – 5.40 = 1162.50 SILV – .11 = 15.72   Yesterday marked the 6 year anniversary of the bull market. Today is the 15th anniversary of the Nasdaq‘s all-time high. The Nasdaq has pulled in after briefly moving above the 5,000 level last week. The Nasdaq had been on a nice little run, so, for now support looks to be a long way away. Today the S&P 500 dropped below the 50 day moving average at 2061; that should have been an area of strong support.   Job openings in the United States rose 2.4% to 5 million in January and stood at a 14-year high. The Labor Department reports the number of people hired fell slightly to 5 million. So-called separations – layoffs, people fired, workers who quit – dipped to 4.82 million from 4.90 million.   The National Federation of Independent Business‘s small-business optimism index edged up to 98.0 in February, from 97.9 in January. Both readings are down from 100.4 in December. Although small-business owners remain upbeat, a growing percentage reports difficulty in finding workers with the right labor qualifications. By one measure, the skills shortage is the worst since 2006, but most business owners remain reluctant …

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Uncategorized

Tuesday, March 12, 2013 – Smoke Signals

Mark your calendar – April 5 & 6 – and make your reservations for the 2013 Wealth Protection Conference in Tempe, AZ. For conference information visit www.buysilvernow.comor click hereor call 480-820-5877. This year’s conference features Roger Weigand, Nathan Liles, David Smith, Mark Liebovit, Arch Crawford, Ian McAvity, Bill Tatro, and I will speak on Friday. There is an expanded Q&A session with all speakers on Saturday. I hope you can attend. Smoke Signals by Sinclair Noe DOW + 2 = 14,450SPX – 3 = 1552NAS – 10 = 324210 YR YLD -.03 = 2.02OIL – 1.84 = 90.22GOLD + 10.90 = 1593.70SILV + .16 = 29.25 Today we will communicate with smoke signals, the same as the Vatican, which started its conclave to elect a new Pope with black smoke. Wall Street was blowing black smoke out of its chimneys for most of the day, and then near the end of trading, a little wisp of white smoke pushed the Dow iIndustrial Average into positive territory, and another record high close. President Obama travels to Capitol Hill to try to sell his grand bargain on the deficit. GOP blows black smoke from its chimney. Anyway, it appears that no one wants to listen to the president, meaning a grand bargain may be no easier to strike now than it was in 2011 or 2012 or any other time Obama has failed to do it. Paul Ryan responds by trotting out the Ryan Plan, which we’ve seen before; but this one …

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