Financial Review

Facebook Busted

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-19-2018.mp3Podcast: Play in new window | Download (Duration: 13:00 — 7.4MB)Subscribe: Apple Podcasts | Android | RSS…Facebook breached by Cambridge Analytica; shares slammed. Uber autonomous car kills pedestrian in Tempe. SCOTUS: Dreamers can drive in AZ; Pennsylvania un-gerrymandered. AT&T-Time Warner case. Budget deal Friday deadline. Financial Review by Sinclair Noe for 03-19-2018

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Financial Review

Wild Ride

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-11-29-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS….Dow hits a record, again. 3Q GDP at 3.3%. Yellen takes a curtain call. John Williams in Phoenix. Pending home sales jump. Cryto-currency crazy. SCOTUS and cellphone privacy. Wells Fargo, repeat offender. American Air, whoops. Financial Review by Sinclair Noe for 11-29-2017

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Financial Review

Boring Record Highs

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-16-2017.mp3Podcast: Play in new window | Download (Duration: 13:16 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS….Dow, S&P and Nasdaq just keep hitting records. Trump talks tax cuts and welfare reform. Iraq squashes Kurdish independence. Madrid squashes Catalan independence. Netflix beats. Nordstrom’s won’t go private. SCOTUS to review Microsoft and AmEx. Financial Review by Sinclair Noe for 10-16-2017

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Financial Review

A Stickler for Math

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-09-28-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..S&P 500 and Russell 2000 hit highs. 2Q GDP 3.1%. Taxes and math. Gary Cohn has never been to Home Depot. Twitter and the Russians. Supremes are back. Oil supply and demand. Drug news. Ikea for lazy people. Financial Review by Sinclair Noe for 09-28-2017

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Financial Review

Scored

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-06-26-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS….Quiet on Wall Street. CBO scores Senate healthcare bill; 22 million will lose insurance. SCOTUS: upholds most of Trump travel ban for now and will rule in October; will consider whistleblower states; will consider gay wedding cakes; ruled on gay couples being named on birth certificates; ruled on taxpayer grants for church playgrounds; declined a challenge to limits on carrying guns in public. Durable goods orders dip. ISIS hacks state computers. Financial Review by Sinclair Noe for 06-26-2017

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Financial Review

London Calling

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-29-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS  …..UK triggers Article 50; 2 years and ticking to leave the EU; commence damage control. Trio of Fed heads; hints of rate hikes. Pending home sales boom. Lawsuits for the environment; big oil supports climate accord. Obamacare repeal – take 62. Your browsing history will be sold. If money talks, what do credit cards do? Blackrock goes algo. Your next computer might be a Samsung phone. Amazon record high; Bezos #2. Canada goes to pot. Financial Review by Sinclair Noe for 03-29-2017

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Financial Review

20K

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1A-01-25-2017.mp3Podcast: Play in new window | Download (Duration: 12:06 — 5.5MB)Subscribe: Apple Podcasts | Android | RSS…..Dow, S&P 500 and Nasdaq all hit record highs. Trump will build a wall. Also, an end to sanctuary cities. Also, a major investigation into voter fraud. Also torture “absolutely” works. Also, a ban on refugees. Smog blankets Europe. Earnings reports from BA, UTX, FCX, AA, T, QCOM Financial Review by Sinclair Noe for 01-25-2017

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Financial Review

Brexit Breakdown Continues

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-06-27-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSGlobal stocks pounded again. The pound pounded again. Euro banks look dangerous. World leaders’ remarks (as in “Really?). SCOTUS strikes down Texas abortion restrictions. Panama remodels its canal. Waldorf Astoria goes condo. Financial Review by Sinclair Noe for 06-27-2016

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Financial Review

Brexit Day

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-06-23-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSPolls closed in Britain. Jobless claims down. New home sales down. Manufacturing PMI up. More renters and a possible shortfall of rentals. VW will pay $10B. SCOTUS on immigration and affirmative action. Solar planes and really, really fast electric cars. Financial Review by Sinclair Noe for 06-23-2016

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Financial Review

Illusion of Growth

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-05-17-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSInflation up, housing starts rebound, 1Q share buybacks at a new high, IMF eases on Greece, robot truckers, and Supremes punt. Financial Review by Sinclair Noe for 05-17-2016

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Financial Review

Don’t Drink the Water

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-20-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSHome sales, earnings reports, bad car companies, and the latest from SCOTUS. Financial Review by Sinclair Noe for 04-20-2016

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Financial Review

Equally Divided

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-22-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSWall Street’s muted response to terrorism, FBI to Apple – never mind, Google in the cloud, and the Supremes are equally divided.

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Financial Review

Mergers on a Modest Monday

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-21-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSAnother day of modest gains on Wall Street but a busy day for mergers.

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Financial Review

Pendulums Swing Wide

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-07-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 03-07-2016 DOW + 67 = 17,073 SPX + 1 = 2001 NAS – 8 = 4708 10 Y + .02 = 1.90% OIL + 1.99 = 37.91 GOLD + 7.90 = 1268.00   The U.S. stock market posted its third consecutive weekly gains last week, following an impressive jobs report on Friday. Stocks pulled out small gains today, for the fifth consecutive session. The S&P 500 has now gained in 11 out of 16 sessions since its Feb. 11 low, and closed last week above its 100-day moving average for first time in 2016.   The Federal Reserve FOMC meets next week to determine monetary policy and the battle lines are being drawn. Fed Governor Lael Brainard, who has emerged as a leader of the Fed’s dovish faction, argued for “patience” in raising interest rates. Fed Vice-Chair Stanley Fischer, who has consistently sounded more hawkish than many of his colleagues, warned that inflation is showing signs of accelerating; which would indicate his preference for raising rates. Adding to the mixed signals, the European Central Bank meets this week and is widely expected to expand its stimulus measures, which likely means they go more negative. The big questions being how big and in what form? And that would just make a Fed rate hike all the more awkward.   Negative rates have been spreading through important sectors of high …

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Financial Review

That’s Her Story

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-02-10-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 02-10-2016   DOW – 99 = 15,914 SPX – 0.35 = 1851 NAS + 14 = 4283 10 Y – .02 = 1.70% OIL – .64 = 27.30 GOLD + 8.00 = 1197.80   Fed Chair Janet Yellen delivered her semi-annual Humphrey-Hawkins testimony in Washington today in her first major appearance since the Fed’s rate hike last December. In prepared testimony, Yellen said

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Financial Review

By Land and Sea

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-11-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSS  Financial Review by Sinclair Noe for 01-11-2016 DOW + 52 = 16,398 SPX + 1 = 1923 NAS – 5 = 4637 10 Y + .03 = 2.16% OIL – 2.04 = 31.12 GOLD – 10.40 = 1095.20     Chinese stocks saw another big drop. China’s Shanghai Composite tumbled 5.3% on Monday, bringing its 2016 loss to 14.8%. The sell-off did not trigger circuit breakers because the Chinese exchanges gave up on that idea after last week’s big declines. The decline came even after the yuan gained following a second intervention from the central bank.   Oil prices are sharply lower to start off the week as concerns over demand from China impact trading again, along with some fresh worries. Morgan Stanley is the latest major investment firm to forecast oil prices could fall into the $20s with the U.S. dollar continuing to strengthen against major currencies. WTI crude futures dropped under $32 a barrel; that is a 12 year low. And remember this is at a time of increased tension in the Middle East; forget the fear premium, at least unless shipments are actually disrupted. Meanwhile, oil is being pumped out of the ground as if price doesn’t matter. Maybe we need to re-think the idea that oil-dependent economies like Saudi Arabia aren’t so much pumping oil now to defend market share but to get oil out of the ground while it has any value at …

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Financial Review

Knock On

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-11-16-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 11-16-2015 DOW + 237 = 17,483 SPX + 30 = 2053 NAS + 56 = 4984 10 YR YLD – .01 = 2.27% OIL + 1.32 = 42.06 GOLD – 1.80 = 1083.10 SILV – .03 = 14.35   World leaders wrapped up G-20 meetings in Turkey with a vow to boost intelligence-sharing, cut off terrorist funding and strengthen border security in Europe, as they sought to show resolve and unity following the deadly terror attacks in Paris. This year’s G-20 agenda also included efforts to hasten global economic growth, with a particular focus on addressing the effects of China’s economic slowdown. French warplanes launched an assault on ISIS targets in Raqqa, Syria. Meanwhile, the authorities in France announced that they had conducted sweeping police raids around the country overnight, detaining two dozen people.   ISIS released a video today saying they will strike Washington. The Department of Homeland Safety said it had no “specific credible information of an attack on the U.S. homeland.” CIA Director John Brennan said he would be surprised if the group doesn’t have additional attacks in preparation.   Markets across the globe are still processing the weekend’s coordinated terrorist attacks in Paris. Asian exchanges traded lower overnight. European shares reversed early losses and closed in positive territory. The euro dropped, as investors scrambled for safe-havens like the U.S. dollar.   French President Hollande declared …

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Financial Review

Bargain Bloodhounds

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-11-13-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 11-13-2015 DOW – 202 = 17,245 SPX – 22 = 2023 NAS – 77 = 4927 10 YR YLD – .04 = 2.28% OIL – .99 = 40.76 GOLD – 1.10 = 1084.90 SILV – .03 = 14.38   The S&P 500 moved into negative territory year to date, for the first time since Oct. 22. The Dow Industrial Average is also down year to date, moving below the 200-day MA, with a weekly loss of more than 650. Commodity prices are weighing heavily on the markets, following yesterday’s report showing crude oil stockpiles were 4 times higher than market expectations. Still, the IEA predicts that supplies outside OPEC will decline next year by the most since 1992 as low prices take their toll on the U.S. shale industry.  Meanwhile, the dollar index is trading just above 99. That would put it within striking distance of 100.40, its highest level in 12 years.   Retail sales rose a seasonally adjusted 0.1% last month. Sales were revised lower in September to show no gain. Sales were also flat in August. In October, sales were held down by lower spending at auto dealers, gas stations and grocery stores. Although the number of autos sold last month was quite strong, sales fell a seasonally adjusted 0.5%, perhaps suggesting heavier discounting. Stripping out gas and autos, U.S. retail sales rose a somewhat …

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Financial Review

The Courage to Act, or Not

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-05-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 10-05-2015   DOW + 304 = 16,776 SPX + 35 = 1987 NAS + 73 = 4781 10 YR YLD + .07 = 2.06% OIL + .72 = 46.26 GOLD – 2.50 = 1136.90 SILV + .40 = 15.77   The Dow Industrial Average has gone from a low of 16,013 Friday morning after the jobs report to an intraday high today of 16,798, or a swing of 785 points. The S&P 500 rose for a fifth session in a row, its longest winning streak this year   The US, Japan and 10 other Pacific Rim economies have reached agreement to strike the largest trade pact seen anywhere in two decades. The Trans-Pacific Partnership covers some 40% of the global economy and will create a new Pacific economic bloc with reduced trade barriers relating to the flow of everything from beef and dairy products to textiles and data as well as new standards and rules for investment, the environment and labor.   Former Fed Chairman Ben Bernanke has published a new book, entitled “The Courage to Act” and so he’s making the rounds. In a CNBC interview, Bernanke said that slow productivity growth is weighing on the economy, and there’s too much reliance on the central bank. He said other policymakers in the government need to step up. He refused to second guess current Fed Chair Janet Yellen …

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Financial Review

Pick Your Poison

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-06-29-2015.mp3Podcast: Play in new window | Download (Duration: 13:15 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW – 350 = 17,596 SPX – 43 = 2057 NAS – 122 = 4958 10 YR YLD – .15 = 2.33% OIL – 1.30 = 58.33 GOLD + 5.90 = 1181.10 SILV + .01 = 15.86   Late Friday, Greek Prime Minister Alexis Tsipras called for a July 5 referendum on whether to accept the latest offer from Greece’s creditors. That meant that Greece would not pay $1.8 billion to the Troika due tomorrow. The European Central Bank responded by halting emergency lending to Greek banks.  With emergency aid to the country frozen, Athens has imposed capital controls to halt bank runs and confirmed that the country’s banks would remain shut for six working days; Greek banks are closed and the Greek stock market is closed, possibly until the July 5 referendum. ATM withdrawals are being capped at €60-euro-per-day.   We’ve been watching the problems in Greece for a long time. A few years ago, we knew Greece had a debt problem; that was back when they were lumped together with Portugal, Italy, Ireland, and Spain. They were called the PIIGS. The Troika of the European Central Bank, the International Monetary Fund, and the European Monetary Union, decided to crack down on the PIIGS; prescribing a big dose of austerity; the cure has been debilitating. Spain is dealing with 22% unemployment, Italy with 12.4% joblessness, Portugal at 13% …

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