Financial Review

You’re Fired

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-05-09-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: iTunes | Android | RSS…..Comey fired. All calm on the Wall Street front – too calm. Fedspeak: some economic indicators are flashing yellow; beware Fannie and Freddie. New Moon rising in South Korea. Earnings update. Spirit in a fight with pilots and customers. Financial Review by Sinclair Noe for 05-09-2017

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Financial Review

Record Territory

Heading into the holidays, we will have some limitations on the news feed, but we’ll try to make up  for it with a few extra author interviews and other podcasts we hope you will find useful. Financial Review by Sinclair Noe for 12-09-2016   The MSCI World index is on track for a gain of 2.7 percent for the week. European shares hit their highest level for 11 months, and were set for their best week since February. Asia-Pacific stocks gained about 2 percent for the week. On Wall Street the Dow Industrial Average, Dow Transports,  S&P 500, Nasdaq Composite, and Russell 2000 all closed at record highs yesterday.   Wall Street’s jump this week has taken the S&P 500 to an eye-watering 27.9 times CAPE, or cyclically adjusted price earnings, that is inflation adjusted earnings averaged over the past 10 years. This is about the same level that the market hit just before the crash of 1929, and is far higher than was seen in 2007, for example, or during the ill-fated boom of the late 1960s. The last time we saw the stock market this expensive on this measure was early in 2002. The U.S. House  has cleared bills to keep the government running through April, but a Senate fight over benefits for retired coal miners and a permanent extension of “Buy America” mandates still threaten a government shutdown this weekend. The stopgap spending measure, which would allow the incoming Trump administration to weigh in on 2017 spending, must be approved …

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