Financial Review

Remain Buckled Up

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-08-24-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 08-24-2015 DOW – 588 = 15,871 SPX – 77 = 1893 NAS – 179 = 4526 10 YR YLD – .06 = 2.00% OIL – 2.30 = 38.06 GOLD – 5.50 = 1155.90 SILV – .56 = 14.89   The “Fasten Your Seatbelt” sign stayed on for the entire trip.   The Dow Jones Industrial Average dropped 1089 points, or 6%, to 15,441 to start the session; that was the largest intraday drop in Dow history. The S&P 500 opened 100 points, or 4.9%, lower at 1,874. The Nasdaq Composite began the day down 360 points, or 7.6%, to 4,349. All three major US market indexes are now in correction territory, a 10% drop from a recent high. The latest round of selling comes on the heels of the worst week for the broad S&P 500 since 2011 that stripped more than $1 trillion in market value from US equities.   Before the market opened, Dow futures, S&P 500 futures and Nasdaq 100 futures triggered circuit breakers after falling at least 5%. The New York Stock Exchange operator NYSE Group invoked the rarely used “Rule 48,” which relaxes some trading rules in a bid to ensure a smooth opening to trading. The rule is instituted when trading before the start of the regular session is especially volatile. At the market open, a slew of single stocks and exchange-traded products triggered single-stock …

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Financial Review

The New Norml

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-27-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW + 34 = 17,712 SPX + 4 = 2061 NAS + 27 = 4891 10 YR YLD – .06 = 1.95% OIL – 3.01 = 48.42 GOLD – 5.70 = 1199.40 SILV – .13 = 17.07   Modest gains on Wall Street today, but not nearly enough to make up for the four previous days of losses. It wound up being the second-worst week for the market so far this year. The Dow Jones industrial average remains down slightly for 2015, and the Standard & Poor’s 500 index is essentially flat. For the week, the S&P 500 fell 2.2 percent, the Dow lost 2.3 percent and the Nasdaq declined 2.7 percent. The semiconductor sector was a leader today after a report that Intel is in talks to buy rival chipmaker Altera. Intel shares were up 6%; Altera shares were up 28%.   Gross domestic product expanded at a 2.2 percent annual rate last quarter. This was the Commerce Department’s third estimate of GDP, and it was unchanged from last month’s estimate.  Economic growth cooled in the fourth quarter and after-tax corporate profits recorded their biggest drop since early 2011, as a strong dollar dented the earnings of multinational corporations. The fourth quarter GDP was down from a very strong third quarter reading of 5% growth. The first estimate on the first quarter will be published April 29th.   Profits originating outside the …

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Financial Review

It’s About to Get Hot

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-02-13-2015.mp3Podcast: Play in new window | Download (Duration: 13:17 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW + 46 = 18,019 SPX + 8 = 2096 NAS + 36 = 4893 10 YR YLD + .04 = 2.02% OIL + 1.43 = 52.46 GOLD + 6.20 = 1228.90 SILV + .48 = 17.42 The S&P 500 Index closed at an all-time high, taking out the previous record close from December 29. Whenever the S&P 500 hits a record high, we acknowledge it, but for some reason we don’t have a big celebration. When the Dow Industrials hit records we have the orchestra, the parade, milk and cookies; it’s a big ridiculous mess, but S&P 500 record high close; well done, attaboy, next.   Next would be the Russell 2000 index of small and mid-cap stocks hitting a record high close. Well done, next.   The Dow Jones Industrial Average finished above 18,000 for the first time this year. The Nasdaq Composite ended at its highest level since March 2000. For the week, the S&P 500 gained 2%. The Dow Industrial Average was up 1.1% on the week. For the second day, American Express led declines for the Dow, following news Costco was ending its exclusive business arrangement with AmEx. The Nasdaq Composite gained 3% over the past week, and is now within a few percentage points of record highs. The Russell 2000 gained 1.5% on the week.   In economic news, consumer sentiment slipped in …

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Uncategorized

Tuesday, May 21, 2013 – Apple Gimmicks

Apple Gimmicks by Sinclair Noe DOW + 52 = 15,387SPX + 2 = 1669NAS + 5 = 350210 YR YLD – .02 = 1.94%OIL – .98 = 95.95GOLD – 18.10 = 1377.00SILV – .49 = 22.53 It’s Tuesday. The markets moved higher. It’s almost inevitable. The Dow Industrials have closed higher every Tuesday this year, with the exception of January 8th; 19 consecutive Tuesdays. No, I don’t know why. Well, today, part of the reason could be traced to the Federal Reserve. A couple of Fed heads were talking up easy money. New York Fed President William Dudley said he cannot be sure whether policymakers will next reduce or increase the amount of purchases, due to the “uncertain” economic outlook. The QE taper may end up being a QE expansion. Dudley worries about investor over-reaction to a “normalization” of policy and suggests the FOMC may need to update what it needs to see to move in that direction. Earlier, James Bullard, president of the Federal Reserve Bank of St. Louis, urged the European Central Bank to consider employing a US style quantitative easing program to counter slowing inflation and recession in the euro zone. Tomorrow, Fed Chairman Ben Bernanke will speak before a congressional panel, the Joint Economic Committee. The minutes of the Fed’s latest policy-setting meeting will be released on Wednesday afternoon. When the Fed showers liquidity, the money flows to the markets, but I can’t give a good reason for the Tuesday winning streak. There is a certain …

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