Financial Review

We Got Your Volatility Right Here

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-09-09-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSMarkets take a hit, finally. Fed’s Rosengren turns hawkish. September hike back on the table. North Korea plays with nukes. Hanjin sinks lower. Wholesale inventories flat, sales down. Galaxy Note 7 on no fly list. Wake up the regulators – Wells Fargo has a big problem. Financial Review by Sinclair Noe for 0-09-2016

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Financial Review

Very, Very Quiet

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-08-23-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSS&P and Nasdaq hit intra-day highs but the markets are still too quiet. Eurozone and UK show strength. Online retail clicks. Home builders finally figure out what to build and it is selling. Uber’s world domination. Fast and electric. GE dredges up old dirt. Financial Review by Sinclair Noe for 08-23-2016

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Financial Review

The Rent is Too High

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-07-19-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSAnother record high close for the Dow. Housing rebounds but the rent is too high. We spend more on drugs than groceries. IMF cuts forecast for global growth. Offshore oil (not what you think). Earnings reports from: Wells Fargo, Goldman, IBM, Microsoft, and more. Financial Review by Sinclair Noe for 07-19-2016

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Financial Review

Progress Not Perfection

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-07-15-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSAnother record, by a hair. Inflation in a disinflationary world. Retail sales up. Industrial production up. Sentiment down. Earnings recession. Herbalife not quite a Ponzi scheme. BP pays. Sheep level view. Financial Review by Sinclair Noe for 07-15-2016

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Financial Review

WWTD?

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-14-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSConsumer prices flat, jobless claims down, big banks earnings not as bad as expected, and Deutsche Bank admits the fix is in. Financial Review by Sinclair Noe for 04-14-2016

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Financial Review

A Dodgy Day

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-11-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSEarnings season starts with diminished expectations. UK PM David Cameron tries to justify dodgy deals. Goldman Sachs and Wells Fargo just pay more fines. Financial Review by Sinclair Noe for 04-11-2016

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Financial Review

Been to the Mountaintop

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-15-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 01-15-2016 DOW – 390 = 15,988 SPX – 41 = 1880 NAS – 126 = 4488 10 Y – .07 = 2.03% OIL – 1.52 = 29.68 GOLD + 10.30 = 1089.80   Let’s start with the good news: US stock and bond markets are closed Monday for the Martin Luther King Jr. holiday.   For the day the Dow dropped 2.4%, the S&P 500 dropped 2.1%, and the Nasdaq lost 2.75%. And even though it was a volatile week, almost all of the damage for the week came in today’s session. The Dow Industrials did take out the September lows but not the August lows of 15,370. The Nasdaq composite knocked out the closing low from August but not the intra-day August low. The S&P 500 hit an intra-day low of 1857, dropping below the August 24th low of 1867. So we should wait for confirmation of a close below 1867 – at which point we have wiped out any reasonable support. The Russell 2000 small-cap index dropped as much as 3.5 percent to its lowest level since July 2013. The major S&P sectors all ended sharply lower. The energy sector dropped 2.87 percent as oil prices fell but the tech sector was the big loser, down 3.1%, with Intel down 9% following a weak earnings report after the close yesterday.   It’s a sea of red all over …

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Financial Review

Low Price Leader

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-14-2015.mp3Podcast: Play in new window | Download (Duration: 13:15 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 10-14-2015 DOW – 157 = 16,924 SPX – 9 = 1994 NAS – 13 = 4782 10 YR YLD – .07 = 1.98% OIL – .37 = 46.29 GOLD + 15.40 = 1185.30 SILV + .22 = 16.22   Retail sales rose a seasonally adjusted 0.1% in September. Auto sales were strong, up 1.7% last month. Sales at gas stations were down 3.2% because gas prices were lower. Sales fell at Internet retailers, general stores, home centers, groceries and outlets that sell appliances and electronics. Sales rose at restaurants. Excluding autos and gas, sales were flat. Retail sales have risen 2.4% in the past 12 months, though the gain is a healthier 4.9% if gasoline is omitted.   The producer price index, which measures prices at the wholesale level, fell 0.5% last month. In September the wholesale price of gas sank almost 17%, marking the sharpest decline since January. That drove down the overall cost of goods by 1.2%. The cost of services also fell by 0.4% last month, the biggest decline since February. Core producer prices, excluding the volatile categories of food, energy and trade fell a smaller 0.3% in September. Over the past year, overall producer prices have fallen an unadjusted 1.1%.   Inventories at U.S. businesses were flat in August. Business sales fell 0.6% in August, the biggest drop since January. The inventory-to-sales ratio, an indication …

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Financial Review

Watching and Waiting

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-13-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 10-13-2015   DOW – 49 = 17,081 SPX – 13 = 2003 NAS – 42 = 4796 10 YR YLD – .04 = 2.05% OIL – .53 = 46.57 GOLD + 5.00 = 1169.90 SILV + .09 = 16.01   Anheuser-Busch InBev and SABMiller have agreed on terms for a takeover, with the world’s largest brewer set to pay $106 billion. The deal brings one out of every three beers sold worldwide under a single company. Under terms of the agreement, AB InBev would pay a $3 billion break-up fee to SABMiller should the transaction fail to clear regulatory hurdles or shareholders don’t approve of it. If the deal goes through, it would be the biggest acquisition of the year, and the largest in British history. SABMiller’s two largest shareholders, Altria Group and Bevco Ltd., can receive cash and stock for their stakes, which account for 41 percent of the company. They won’t be able to sell the shares for five years; a move that might have tax benefits.   Dell’s $67 billion buyout of EMC appears to be a win for nearly everyone involved – except EMC bondholders. Investors in EMC’s $5.5 billion of bonds are down about $338 million since news of the deal first became public last week. Why’s that? Dell’s plan to raise about $50 billion in debt for the acquisition will push existing bondholders down the …

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Financial Review

Generally Quite High

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-05-06-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe DOW – 86 = 17,841 SPX – 9 = 2080 NAS – 19 = 4919 10 YR YLD + .07 = 2.24% OIL + .30 = 60.70 GOLD – 1.80 = 1192.20 SILV – .02 = 16.59   A worldwide sell-off in government bonds deepened today. Benchmark 10-year Bunds now trade at 0.53%, having hit a record low of 0.05% last month, when many expected them to turn negative. For German bund investors that represents a 12% loss over the past 2 weeks, or roughly 25 years of yield just went down the drain. In the past month, the yield on French 10 year debt is up 42 basis points, on 10-year Italian bonds the yield is up 62 basis points, Australia up 62 basis points, Hong Kong up 29 basis points. And here in the US, the 10 year Treasury yield has jumped from 1.9% a month ago, to 2.24% today. Around the world yields have been rising and bond prices have been falling.   Meanwhile, oil prices have been rising. Crude prices hit fresh 2015 highs; earlier in the session prices topped $62 a barrel before sliding back. This follow a 22% gain in April. A couple of reports show oil supplies dropping for the first time this year. U.S. oil inventories fell 3.9 million barrels last week, the first weekly decline since Dec. 26, according to data provided …

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