Financial Review

Feb. 5, 2019 – Links

Feb. 5, 2019 – Links What we are reading:

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Financial Review

Diminished Expectations

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-31-2018.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…State of the Uniom review. Fed FOMC, Yellen’s last. ADP jobs beat. Earnings: Microsoft, Facebook, AT&T, Qualcomm, Boeing. Financial Review by Sinclair Noe for 01-31-2018

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Monday, January 27, 2014 – Sniffing Out Weakness

Sniffing Out Weakness by Sinclair Noe DOW – 41 = 15,837SPX – 8 = 1781NAS – 44 = 408310 YR YLD + .04 = 2.76%OIL – .94 = 95.70GOLD – 12.50 = 1257.50SILV – .22 = 19.79 Last week was rough for the Dow Industrial, and today started with the blue chips in the red but not by much; it even looked like we might finish in positive territory. Nahh. The markets have been trending downward over the last week due to a mix of concerns. Emerging market strains, anxiety over tapering by the Federal Reserve, and weak manufacturing data from China likely contributed to a pullback. Also, new home sales were weak in December. The international problems started with a report that Chinese manufacturing may contract for the first time in 6 months. Then Argentina’s central bank limited dollar sales to preserve international reserves that had fallen to a seven-year low. Then there were concerns about a default in the shadow banking system in China. Then there concerns about a corruption scandal for Prime Minister Erdogan’s cabinet in Turkey. Protesters occupied municipal buildings in the Ukraine. Then the South African rand dropped big. Then the whole thing spread. I don’t know what happened in Mexico but the peso took a hit. Bank of America analysts recommended buying the Mexican peso on Nov. 24 as one of their top two Japan-related trades for this year, predicting a rally that would have boosted the currency’s value to 8.4 yen. Instead, the …

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