Financial Review

A Little Disruption

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-06-28-2018.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS..1Q GDP trimmed. It averages out. Stress Test and a parade of dividends. Amazon disrupts: pharmacies, and deliveries. Foxconn breaks ground. Financial Review by Sinclair Noe for 06-28-2018

READ MORE →
Financial Review

The Parade Passing By

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-26-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..House barely passes budget, now the fighting starts. Opioid emergency, not a national emergency. ECB cuts QE but rates will be lower for longer. A parade of big tech earnings: Amazon, Alphabet, Microsoft, Intel. Plus: UPS, Ford, etc., etc. Financial Review by Sinclair Noe for 10-26-2017

READ MORE →
Financial Review

Bounce Back

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-06-28-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..Stocks bounce back. Banks pass test and start handing out money. Pending home sales dip on tight inventory and affordability. Everybody hates BCRA. Petya spreads. New airline security, sorta. Blue Apron cuts price. Philps buys Spectranetics. Pink slime settlement. Illinois junk. No Brazilian passports. Facebook 2 billion. Sycamore buys Staples. Financial Review by Sinclair Noe for 06-28-2017

READ MORE →
Financial Review

A Deluge and an Eclipse

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-27-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..Earnings flood: Alphabet, Amazon, Microsoft, Intel, Starbucks, UPS, Ford, American Air, Southwest, etc. ECB holds steady. Trump will stay in Nafta. West Virginia moves to renewables. An eclipsing stamp. Financial Review by Sinclair Noe for 04-27-2017

READ MORE →
Financial Review

No Small Feat

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-27-2017.mp3Podcast: Play in new window | Download (Duration: 13:16 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..8 days down. Move on to taxes. Kushner swats at reinventing government, after he testifies. Crack down on sanctuary. States’ tax revenue falls. A week of Fedspeak. OPEC considering extending production cuts. Retail sector ugliness. D-Fanged. Bill Gross settles. UPS must pay for cigs. Uber self-driving car crash. Las Vegas Raiders. Financial Review by Sinclair Noe for 03-27-2017

READ MORE →
Financial Review

91 Days

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-02-22-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..Another Dow record. Fed minutes show rate hike “fairly soon”. Existing home sales jump. Shortage of construction workers. Fannie and Freddie must pay government, not shareholders. Facebook plays ball. First Solar beats. Verizon tests 5G. UPS tests drones. Amazon Bigthanks. Financial Review by Sinclair Noe for 02-22-2017

READ MORE →
Financial Review

8 Straight

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-11-03-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSS…..S&P 500 slides for 8 straight. Brexit sent to parliament. Productivity increase, finally. ISM service sector slips. Factory orders up. Jobs report tomorrow. Generic drug makers under investigation. UPS couldn’t quit cigs. Charge up across America. Other stuff up for a vote. Financial Review by Sinclair Noe for 11-03-2016

READ MORE →
Financial Review

Meh

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-27-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSS…..A bad month for bonds. Qualcomm buys NXP. Alphabet/Google beats. Amazon misses. Deutsche Bank posts profit and angst. Wallonia relents. UK GDP grows. Durable goods orders fall. ZTO IPO thud. Exxon must turn over documents on climate change. The forecast for winter – warm and dry. Financial Review by Sinclair Noe for 10-27-2016

READ MORE →
Financial Review

Groundhog Day EP

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-2-02-02-2016.mp3Podcast: Play in new window | Download (Duration: 20:26 — 9.4MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 02-02-2016 DOW – 295 = 16,153 SPX – 36 = 1903 NAS – 103 = 4516 10 Y – .10 = 1.86% OIL – 1.74 = 29.88 GOLD + 1.00 = 1130.00   A big move for stocks and bonds today. While a 295 point drop, or 1.8%, in the Dow will attract some headlines, we also saw a less flashy move in bonds, with the yield on 10-year Treasuries drop 10 basis points, to 1.86% – that’s a 5.2% drop. After hitting resistance levels from October, yields continued dropping to lows last seen in April.   Stocks moved lower again, following the trail of oil prices, which dropped 5.5% today to close below $30 a barrel. Not a big surprise because the trend has been lower, and a trend in place is more likely to continue than it is to reverse. We are definitely in a downtrend. The S&P 500 is now right at 10% below its May record, which means correction territory, not a  bear market, although many stocks in the S&P are in bear market territory –  specifically the energy stocks.  The rally last week looks like not much more than end-of-month reshuffling, which happened at the same time the Bank of Japan surprised the markets with negative interest rates, but the BOJ can’t announce negative interest rates every day.   Right now, any rally …

READ MORE →
Financial Review

Trending

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-28-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW + 72 = 18,110 SPX + 5 = 2114 NAS – 4 = 5055 10 YR YLD + .05 = 1.97% OIL – .06 = 56.93 GOLD + 10.10 =  1212.80 SILV + .21 = 16.71   House prices picked up in February, rising 0.5%, according to the S&P/Case-Shiller 20-city composite index. After seasonal adjustments, home prices rose 0.9% in February, matching January’s gain. Compared with February 2014, prices for the 20-city index were up 5%, the fastest growth in half a year. Home prices in Phoenix gained 0.3% for the month and 2.9% for the 12 month period.   The Commerce Department reports home ownership slipped to a 25 year low of 63.8% in the first quarter. The home ownership rate peaked at 69.4% in 2004. Household formation increased by 1.5 million in the first quarter. More people, starting more households, but they aren’t buying homes. With many Americans still showing an aversion to homeownership, the gains in household formation largely are being driven by renters.   Consumer confidence declined in April to a four-month low as Americans’ views of the labor market and the outlook on the economy deteriorated. The Conference Board’s index dropped to 95.2 from a revised 101.4 reading in March. The report showed fewer respondents said jobs were plentiful in April and income expectations cooled, signaling consumers will remain guarded about spending. The …

READ MORE →
Financial Review

A Bit Ironic

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-25-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW – 292 = 17,718 SPX – 30 = 2061 NAS – 118 = 4876 10 YR YLD + .04 = 1.92% OIL + 1.70 = 49.21 GOLD + 1.90 = 1196.10 SILV + .01 = 17.06 Not much in the way of economic data today. Orders for durable goods dropped in February, a possible sign the slowdown in global growth may be weighing on American manufacturers. Bookings for goods meant to last at least three years declined 1.4 percent after a 2 percent gain in January that was smaller than previously estimated. Demand for American-made products may be softening as economies abroad struggle to accelerate and a stronger dollar makes it more attractive for foreign customers to buy from elsewhere.   Certainly not much in the way of news that would push the markets down to triple digit losses, but that’s the way the markets have been recently. In the past couple of weeks we see big moves in the markets, a little more to the downside than the upside. One of the better explanations I’ve heard for what is moving the market – irony. It seems like good news is bad and bad news is good. A strong dollar is good news for the consumer; certainly when it comes to lower gas prices. A strong dollar hurts durable goods orders. The jobs picture has shown solid and …

READ MORE →
Financial Review

Strange Days in Energy

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-02-03-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW + 305 = 17,666 SPX + 29 = 2050 NAS + 51 = 4727 10 YR YLD + .10 = 1.78% OIL + 2.52 = 52.09 GOLD – 13.70 = 1261.10 SILV + .09 = 17.37 One year ago, the Dow Industrials dropped down to 15,356, which proved to be the low for 2014. Since then, up 16%, mas o menos. Corelogic reports home prices slipped 0.1% in December, to take the year-on-year rate to 5%. Twenty-seven states and the District of Columbia are at or within 10% of their peak; current prices in Arizona are still 29.5% below the peak. Colorado (8.4%), Texas (7.8%) and New York (7.6%) saw the fastest growth, while only three states — Maryland (-0.7%), Vermont (-0.9%) and Connecticut (-2.2%) — saw a decline on a year-on-year basis. New orders for factory-made goods in the U.S. sank 3.4% in December to mark the fifth straight decline. The latest drop suggests that manufacturers may have scaled back production owing to a stronger dollar and weak economic growth overseas that’s made it harder to sell American-made goods. Inventories also declined for the first time in 19 months, down 0.3%. Excluding transportation, new factory orders fell a smaller 2.3%. Earnings reporting season: Chipotle Mexican Grill said its fourth-quarter earnings rose 52% as sales benefited from stronger customer traffic, higher menu prices and new stores. It’s tough …

READ MORE →
Financial Review

Friday Wrap

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-2-01-23-2015.mp3Podcast: Play in new window | Download (Duration: 20:25 — 9.3MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW – 141 = 17,672 SPX – 11 = 2051 NAS + 7 = 4757 10 YR YLD – .08 = 1.82% OIL – .95 = 45.36 GOLD – 8.00 = 1295.10 SILV – .02 = 18.40 For the week, the Dow rose 0.9 percent, the S&P gained 1.6 percent and the Nasdaq added 2.7 percent. The ECB announced plans yesterday to expand asset purchases by €60B per month until at least September 2016. ECB President Mario Draghi says the new stimulus plan “should strengthen demand, increase capacity utilization and support money and credit growth.” Well, it will make somebody rich, but the benefits to the broader Euro economy are still very much up in the air. Bonds in the region rallied, with the yields on 10-year notes of Germany, Italy, Spain and France falling to all-time lows. Stocks in the region on track for their best week since 2011 but the euro currency has dropped below $1.12. Greece’s leftist Syriza party leads the opinion polls heading into an election on Sunday. The ECB’s debt-purchasing program will not include Greece, at least not until July, and only then if a continuing review of the country’s bailout program is successfully completed. The basic bond buying plan wasn’t kind to Greece, even with the exclusion built in. The way, the ECB put together their QE scheme, rather than purchase government bonds …

READ MORE →
Financial Review

A Solid Week in a Rocky Month

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-24-2014.mp3Podcast: Play in new window | Download (Duration: 13:15 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review DOW + 127 = 16,805 SPX + 13 = 1964 NAS + 30 = 4483 10 YR YLD – .01 = 2.27% OIL – .80 = 81.29 GOLD – .90 = 1232.00 SILV + .01 = 17.31 Last Friday we covered some technical analysis of the equity markets, looking at support and resistance, as well as a short-term bullish pattern, a morning star that had formed. Sure enough, this week provided the follow through on that bullish pattern. Major indices snapped a 4-week string of losses. For the week, the Dow gained 425 points, or 2.5%. The S&P gained 78 points, or 4.1%. And the weekly gain for the Nasdaq was 225 points or 5.2%. So, where do the markets go from here? The pullback that started September 19th never really materialized into a full blown correction, and there is a feeling that there should be more to the downside, but as of today the markets seem to be firmly in retracement mode. Better to let the market tell you when that retracement ends than to try to impose your opinions on the market. And then remember that we are almost through the treacherous month of October. The Stock Traders’ Almanac reminds us that “in 64 years before 2014, DJIA and S&P 500 have both declined 26 times in October. However, these October declines were followed by 23 DJIA November-December gains averaging …

READ MORE →