Financial Review

February Jobs Report

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-10-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: iTunes | Android | RSS…..The US added 235,000 job in February. The unemployment rate ticked down to 4.7%. The U-6 rate ticked down to 9.2%. Labor Force Participation up to 63%. Construction strong, retail weak. Wages rise. Trump takes credit. Fed gets ready to take away the punch bowl. Financial Review by Sinclair Noe for 03-10-2017

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Financial Review

Jobs Report Friday

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-02-03-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: iTunes | Android | RSS…..Economy adds 227,000 jobs. Unemployment rate up to 4.8%. Wages flat. Financial Review by Sinclair Noe for 02-03-2017

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Financial Review

Exasperating November Jobs Report

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-12-02-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSS…..Economy adds 178,000 jobs in November. Unemployment rate drops to 4.6%. Financial Review by Sinclair Noe for 12-02-2016

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Financial Review

Jobs Report Friday

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-11-04-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSS…..Economy added 161,000 jobs in October. Unemployment rate 4.9%. U6 unemployment rate 9.5%. Wages up 2.8% year over year. Seventy-three months of job growth. Financial Review by Sinclair Noe for 11-04-2016

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Financial Review

The February Jobs Report

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-04-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 03-04-2016 DOW + 62 = 17,006 SPX + 6 = 1999 NAS + 9 = 4717 10 Y + .05 = 1.88% OIL + 1.24 = 35.81 GOLD – 4.30 = 1260.60   The US economy added 242,000 new jobs in February, almost 50,000 more than estimates. The unemployment rate was unchanged at 4.9%. Employment gains for January and December were revised up by a combined 30,000.   Total employment is now 5.1 million above the previous peak.  Total employment is up 13.8 million from the employment recession low. Private payroll employment increased 230,000 in February, and private employment is now 5.5 million above the previous peak. Private employment is up 14.3 million from the recession low. In February, the year-over-year change was 2.67 million jobs. The private sector has chalked up 72 months of uninterrupted job gains, the longest streak on record. As we look at the different sectors where jobs were created or lost, a theme develops; the sectors involving energy, natural resources, and international trade were hit while the sectors that mainly involve the domestic economy seem to be prospering. The mining sector, which includes oil and gas producers, cut jobs for the 17th straight month amid falling oil prices (down 18,000). After a 23,000 gain in January, manufacturers cut 16,000 jobs – that could be a one-month blip but could also suggest falling demand from …

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Financial Review

The July Jobs Report

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-08-07-2015.mp3Podcast: Play in new window | Download (Duration: 13:14 — 12.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 08-07-2015 DOW – 46 = 17,373 SPX – 5 = 2077 NAS – 12 = 5043 10 YR YLD – .06 = 2.17% OIL – .79 = 43.87 GOLD + 4.30 = 1094.80 SILV + .15 = 14.91   The economy added 215,000 net new jobs in July. The unemployment rate was unchanged at 5.3%, the lowest level in 7 years. The May and June reports were revised slightly higher, employers added 6,000 more jobs in May and 8,000 more in June than previously estimated. The U.S. has added an average of 235,000 jobs a month since May, up sharply from a 195,000 pace in the first quarter. Last year, the economy added 240,000 jobs a month on average between January and July. This year that figure is 178,000.   Most industries added workers, with the notable exception of the mining/logging sector which includes jobs in energy or oil fields, which lost 4,000 jobs. Professional and business services added 40,000, education added 37,000, retailers hired 36,000 people, leisure and hospitality gained 30,000, health-care companies boosted payrolls by 28,000, financial firms tacked on 17,000 workers, transportation and warehousing increased by over 14,000, wholesale trade added more than 6,000, and manufacturers increased employment by 15,000. Construction added 6,000 jobs, but it is interesting to break out this data. The slump in energy sector investment continues to lead to job loss in …

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Financial Review

Blue Moon

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-07-31-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe DOW – 56 = 17,689 SPX – 4 = 2103 NAS – 0.5 = 5128 10 YR YLD – .07 = 2.20% OIL – 1.64 = 46.88 GOLD + 7.10 = 1096.40 SILV + .04 = 14.87   For the week the S&P 500 index gained 1.2%, while posting a 2% gain for the month of July. The Dow Industrials finished the week with a 0.7% gain which lifted the monthly gain to 0.4%. The Nasdaq was up 0.8% for the weeks and 2.9% for the month. For the month, the yield on the 10 year Treasury dropped 13 basis points. Spot gold dropped 6% for the month and silver was down 5%. The big decline came in oil prices: down 12.59 per barrel or 21% for the month. Consumer sentiment fell to a final July reading of 93.1 from a final June level of 96.1. For context, the consumer-sentiment gauge averaged 86.9 over the year leading up to the recession. After adjusting for changes in prices, just three in 10 surveyed thought their chances were better than 50 percent for real income gains over the next five years. Call it the voice of experience.   An index that measures the price of US labor slowed sharply in the second quarter, easing fears of inflation and signaling the labor market may not be as healthy as the low unemployment rate …

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Financial Review

Jobs Report Friday

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-06-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe DOW – 278 = 17,856 SPX – 29 = 2071 NAS – 55 = 4927 10 YR YLD + .13 = 2.24% OIL – 1.02 = 49.74 The first Friday of the month is all about jobs. The Bureau of Labor Statistics reports the economy added 295,000 new jobs in February. The unemployment rate dropped from 5.7% to 5.5%. The results topped estimates of 235,000 jobs, and also beats the revised 239,000 reported for January (revised down from 257,000); and also up from 188,000 a year ago.   The estimates were lower, mainly because most of the country has been experiencing harsh winter weather, and on the West Coast there was a shutdown and a slowdown at the ports. None of that seemed to matter, and if you are thinking ahead, you might imagine that the economy will just keep getting stronger as the weather gets better.   Now, you might look at how Wall Street responded to this very good news about jobs and you might be scratching your head, you might even think Wall Street is opposed to honest, hardworking Americans. Well, maybe a little, but the reason for the sell-off is that a stronger economy means higher interest rates. Investors are looking and focusing entirely on what the Federal Reserve will do in the coming months. Effectively good news in this data point supports the notion that …

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Financial Review

The December Jobs Report

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-09-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe DOW – 170 = 17,737 SPX – 17 = 2044 NAS – 32 = 4704 10 YR YLD – .05 = 1.97% OIL – .54 = 48.25 GOLD + 14.50 = 1224.40 SILV + .14 = 16.62 Each month the Bureau of Labor Statistics reports on total nonfarm payroll employment. The Jobs Report is usually released on the first Friday of each month. Last Friday was still considered part of the holidays, so we got the report this morning. In December the economy added 252,000 net new jobs and the unemployment rate dropped to 5.6% from 5.8%. Job gains from November and October were revised higher by 50,000 additional jobs. November now posted 353,000 jobs, and October revised up to 261,000. Job gains occurred in professional and business services, construction, food services and drinking places, health care, and manufacturing. The economy has now added 200,000 or more jobs each month for the past 11 consecutive months. 2014 was the best year for total employment since 1999, and the best year for private employment since 1997. And for the past 3 months we’ve average 289,000, which is about as good as I can recall. Private-sector employment, which in December clocked in at 118 million, has grown 10.4% from its 2009 low. The nation has gained back all the jobs it lost during the recession, and added some more. The economy gained …

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Financial Review

Halloween Treats

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-31-2014.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review DOW + 195 = 17,390 SPX + 23 = 2018 NAS + 64 = 4630 10 YR YLD + .03 = 2.33% OIL – .44 = 80.68 GOLD – 25.90 = 1173.90 SILV – .28 = 16.28 Record highs, again. Back on September 19th, the Dow hit a record high close of 17,279. And then we watched the market tumbled for nearly a month. On October 17th we told you about a bullish reversal pattern, and it has been a strong move to new highs; up 1,100 from when I called the reversal, and up 1,545 from the lows of October 15. Also, a new closing high for the S&P 500, however, we did not take out the intraday high of 2019 from September 19. Let’s break down the moves for the month of October. The Dow is up 248. The S&P added 46 points. The Nasdaq is up 137 points for October to a 14-1/2 year high. In October we saw the yield on the 10 year note drop 18 basis points from 2.51%. Gold took a hard fall on Friday, at one point trading at levels not seen since 2010. And of course, a big move in oil down 10.75 a barrel. If you are looking for a really dramatic move, the Russell 2000 index of small cap stocks has bounced from a low of 1046 on October 13, to close …

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