Financial Review

Business as Usual

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-11-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS  …..Fewer quits. Small biz optimism fades. Oil glut continues. Grain glut continues. New York offers free tuition and details. Retail death spiral. Fly the friendly skies of United. More on the Wells Fargo report. Financial Review by Sinclair Noe for 04-11-2017

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Financial Review

Walk On

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-09-09-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 09-09-2015   DOW – 239 = 16,253 SPX – 27 = 1942 NAS – 55 = 4756 10 YR YLD – .01 = 2.18% OIL – 1.79 = 44.15 GOLD – 15.60 = 1106.80 SILV – .19 = 14.71   Wall Street opened higher; part of a global rally for stocks. Japan’s Nikkei index was up 7.7%, bouncing off 11 month lows. Equities in China rose as the finance ministry pledged to accelerate construction of some major projects. European stocks moved higher this morning, with France leading the way. But it didn’t last. The S&P energy sector led declines among the S&P 500 sectors, falling 1.3 percent, as oil prices dropped.   The World Bank’s chief economist is warning that the Federal Reserve risks triggering “panic and turmoil” in emerging markets if it opts to raise rates at its September meeting and should hold fire until the global economy is on a surer footing. Kaushik Basu told the Financial Times that rising uncertainty over growth in China and its impact on the global economy meant a Fed decision to raise its policy rate next week, for the first time since 2006, would have negative consequences. His warning highlights the mounting concern outside the US over the Fed’s potential “lift-off”. It follows similar advice from the International Monetary Fund. That means that if the Fed’s policymakers were to decide next week to raise …

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Financial Review

More Than Bad Weather

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-06-02-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW – 28 = 18,011 SPX – 2 = 2109 NAS – 6 = 5076 10 YR YLD + .07 = 2.27% OIL + .84 = 61.04 GOLD + 3.90 = 1193.70 SILV + .04 = 16.85   It has been a busy day for central bankers. The Reserve Bank of India cut interest rates for the third time this year, lowering its key repo rate by 25 bps to 7.25%, even though the Indian economy has become one of the fastest-growing in the world. Meanwhile, the Reserve Bank of Australia kept rates unchanged at a record low of 2.0% today, in line with expectations. The Bank of Japan is also meeting today; the Nikkei Index snapped its 12-day record run, ending its longest winning streak since February 1988.   Federal Reserve Governor Lael Brainard says economic data does not point to a significant second quarter bounce. Brainard is a voting member of the Federal Open Market Committee and she says the slowdown is more than just bad weather in the first quarter; she cited the strong dollar. Brainard says net exports subtracted “a whopping” 1.9 percentage points from first quarter GDP. On the jobs side, the pace of gains has slowed, and wage growth remains soft. Consumers, for their part, are not inclined to spend their gas price windfalls. Brainard says she would oppose raising interest rates at the …

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