Financial Review

Stuff Happening

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-06-08-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..Comey testifies. ECB unchanged. Brits hung up on vote. Brazil’s Temer gets a reprieve. Household wealth jumped in 1Q. Nordstrom private. Hudson’s Bay’s job cuts. Yahoo-Verizon on. Alibaba jumps. Endo loses painkiller.   Financial Review by Sinclair Noe for 06-08-2017

READ MORE →
Financial Review

And Pause

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-02-2017_1_.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..Not a new record. Fed preps for hike. Bond market rattled. Snap snaps on IPO. Yahoo is just sad. Banks fined $321 billion (it’s hard to believe Clinton lost the election after Obama threw all those banksters in jail..oh, wait). DoL hits pause on advisers acting in clients’ best interests. Caterpillar raid. Earnings news. Creepy teddy bears. Financial Review by Sinclair Noe for 03-02-2017

READ MORE →
Financial Review

5 Straight

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-02-15-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..Record highs, again for Dow, S&P, Nasdaq, and Russell.  CPI up on higher gas; + 2.5% over past year. Strong retail sales in January. Empire State MFG report strong. Yellen goes before the House. Retailers meet Trump, oppose border adjustment tax. Humana pulls out of ACA. Puzder pulls out of labor bid. Bebe won’t pull out of settlements. Time Warner votes “yes”. SoftBank buys FIG. Verizon wants a new deal. Financial Review by Sinclair Noe for 02-15-2017

READ MORE →
Financial Review

Year of the Rooster

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-23-2017.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSS…..TPP axed. Baseline 25 million jobs and 4% GDP. Emoluments matter. Foxconn TVs in USA. Kroger to add jobs. IBM to add jobs – after firing workers. Yahoo under SEC investigation. McDonald’s post-breakfast come down. Halliburton reports mixed earnings. OPEC cuts as expected. Everett Washington sues Purdue Pharma for OxyContin epidemic. United grounded. Hong Kong most expensive. South Korea most innovative. Happy Year of the Rooster. Tax season starts. Have a cookie. Financial Review by Sinclair Noe for 01-23-2017

READ MORE →
Financial Review

Farewell, Goodbye

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1A-01-10-2017.mp3Podcast: Play in new window | Download (Duration: 12:16 — 5.6MB)Subscribe: Apple Podcasts | Android | RSS  …..Homebuyer sentiment down. Small biz optimism. Consumer credit up. More job openings. Repeal and replace with something maybe. Farewell address. AZ State of the State – we needs schoolin. Apple to Mesa. Yahoo now Altaba or something maybe. Blockchain goes mainstream. BofA fined again. VW settles for guilty. Goodbye The Limited. Financial Review by Sinclair Noe for 01-10-2017

READ MORE →
Financial Review

From Beige to Blue

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-19-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSS…..Beige Book moderately optimistic, except Houston. Building starts down, mainly apartments. Saudi Arabia issues debt. China’s 3Q GDP 6.7%, again. Earnings: Intel beats but forecast misses, Morgan Stanley beats, Yahoo beats, Halliburton posts a penny, Amex misses Costco. Google all-time high. New Macs? Don’t pay for delayed luggage. Americans work more. Arizona turning blue. Financial Review by Sinclair Noe for 10-19-2016

READ MORE →
Financial Review

Accept Responsibility

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-09-22-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFed stands pat; traders don their rally hats. Home sales down. The LEI’s a drag. Wall Street needs a long lead for Brexit. Yahoo’s big hack. Hanjin’s happy. Zuckerberg wants to live to be really old. We’re number 28! Budget countdown. Wells Fargo and life lessons on personal responsibility. Financial Review by Sinclair Noe for 09-22-2016

READ MORE →
Financial Review

Big Stuff

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-07-25-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSBig week for central bankers. Big week for Big Oil. Big week for Big 4 Techies. Big day for mergers. Earnings looking slightly less depressed. Yahoo joins forces with AOL under Verizon banner. Pokemon will not rule the world. 7-Eleven delivering Slurpees by drone. Financial Review by Sinclair Noe for 07-25-2016

READ MORE →
Financial Review

Seven Straight

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-07-18-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSMore record highs on Wall Street. Earnings season points to earnings recession. Homebuilders are confident. Softbank buys ARM Holdings, and other merger news. VW will pay dealers. Fiat may face fraud charges.   Financial Review by Sinclair Noe for 07-18-2016

READ MORE →
Financial Review

Quiet and Overbought

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-06-07-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSMarkets are quiet, calm and overbought. Productivity lags, again. Credit growth hits a record. What will Draghi buy? Goldman investigated for Bank Secrecy Act. Valeant looks sick. Samsung has the next cool phone. Financial Review by Sinclair Noe for 06-07-2016

READ MORE →
Financial Review

A Weak Week

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-08-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSS  The Fed tries to jawbone the markets higher but an ugly earnings reporting season starts next week. Oil prices jump as oil spills and the dollar drops. 

READ MORE →
Financial Review

Merger Monday

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-28-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSConsumer spending barely budges, income inch higher, inflation is alive. The FBI learns how to hack Apple.

READ MORE →
Financial Review

Fed Jawbones Hawkish

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-24-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSThe Fed talks hawkish, numbers don’t add up, Argentina skates, Puerto Rico under new colonial rule.

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

Good to be King

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-12-08-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 12-08-2015 DOW – 162 = 17,568 SPX – 13 = 2063 NAS – 3 = 5098 10 YR YLD + .02 = 2.24% OIL – .08 = 37.57 GOLD + 3.40 = 1075.60   Back to back triple digit losses for the Dow and much of the carnage can be traced to the energy sector and the drop in oil prices. The problem is not just that many energy related companies might suffer losses, but that many of those companies carry big debt loads. Oil prices actually closed above the lows for the day. There was probably profit-taking by some of the shorts and bargain-hunting by those that think we’re going to rise for at least a little bit. Short-term gains in no way negate the bearish implications from this weekend’s OPEC meeting.   OPEC had a collective target of 30 million barrels a day since 2012 but they have been cheating on quotas and producing about 5% more. The important point is that OPEC is no longer the only game on the planet. Most of the global market doesn’t have any ceiling on production. Americans don’t have any ceiling. Russians don’t have any ceiling. Iran has been partially locked out of the global markets and they look to come back with a boatload of supply next month. And the Saudis are fighting a war in Yemen and their national budget …

READ MORE →
Financial Review

Thoughts on Oil

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-12-07-2015.mp3Podcast: Play in new window | Download (Duration: 13:15 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review with Sinclair Noe for 12-07-2015 DOW -117 = 17,730 SPX – 14 = 2077 NAS – 40 = 5101 10 YR YLD – .07 = 2.20% OIL – 2.37 = 37.60 GOLD – 15.10 = 1072.20   Crude prices fell again in the first trading session after OPEC said over the weekend that it would maintain production at the current levels and made no decision on a new target ceiling. An oil glut has cut prices by more than 60% since June 2014. Abandoning an official output ceiling effectively codifies what OPEC has already done for the past year: ignore its previous target of 30 million barrels a day. The cartel produced 31.4 million barrels per day in October. Indonesia also rejoined OPEC on Friday (after being inactive since 2008), boosting the group’s participants to 13 members. Oil prices today dropped to levels last seen in 2009.   There has been an ongoing battle between OPEC and US shale producers with each side pumping massive amounts of oil in the hopes the other would cut production once crude became too cheap. The world isn’t going quite the way Saudi Arabia expected when it led OPEC to declare a pricing war against US shale drillers last year by flooding the market with crude oil. Far from being a quick kill, shale drillers have stubbornly held on, and OPEC has suffered along with them. Cheap …

READ MORE →
Financial Review

An Inexplicable Force

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-20-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for  10-20-2015 DOW – 13 = 17,217 SPX – 2 = 2030 NAS – 24 = 4880 10 YR YLD + .04 = 2.07% OIL – .34 =45.56 GOLD + 5.20 = 1176.80 SILV + .07 = 16.00 Housing starts rose in September as builders ramped up construction of apartments. Construction of new homes increased 6.5% to a seasonally adjusted annual pace of 1.21 million units in September. After two months of declines, the gain in September brings starts back to just below June’s level, which was an eight-year high. In September, starts for single-family homes, which accounts for the largest share of the market, rose 0.3% to a 740,000 unit pace.   Earnings reports will likely be a big driver for stocks this week. IBM shares dropped 5.5% after announcing revenues that missed even the most pessimistic expectations and issuing weaker-than-expected guidance for the year.   Verizon posted better than expected earnings and revenue, in large part due to the release of the new Apple iPhone 6S and 6S Plus in September. The company net added 1.3 million wireless retail postpaid subscribers in the quarter compared with 1.1 million in the second quarter. Net income rose to just over $4 billion, or 99 cents per share on revenue of just over $33 billion.   United Technologies reported a drop in third-quarter profit that still beat analyst expectations, and its chief executive said …

READ MORE →
Financial Review

Jump Into Earnings

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-21-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW – 85 = 17,949 SPX – 3 = 2097 NAS + 19 = 5014 10 YR YLD + .02 = 1.92% OIL – 1.12 = 56.26 GOLD SILV This is one of the busiest weeks for earnings reports, so let’s jump in with both feet.   IBM delivered its 12th straight quarter of declining revenue, but they beat earnings expectations because they proved that even if they aren’t the masters of technology, they are masters of financial engineering; one way to boost earnings per share – reduce the shares outstanding with stock buybacks. At some point the strategy has a flaw, but that is for another day.   We’ve known that a stronger dollar would hurt US companies doing business overseas, but we rarely think about reversing that equation. The weaker euro boosted revenue at German business software maker SAP in the first three months of the year and drove operating profit up 15 percent. First-quarter revenue rose 22 percent to 4.5 billion euros, at the top of market forecasts. At constant exchange rates sales rose 10 percent.  First-quarter operating profit, excluding special items, rose to 1.06 billion euros ($1.13 billion), matching estimates. Excluding the effect of currencies, SAP’s operating profit dropped 2 percent.   Chip designer ARM Holdings supplies Apple’s iPhone. Arm said first quarter profits rose 24%, beating forecasts. Chief executive Simon Segars said: “As the world becomes more …

READ MORE →
Financial Review

Financial Engineers at the Gate

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-21-2014.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review DOW + 215 = 16,614 SPX + 37 = 1941 NAS + 103 = 4419 10 YR YLD + .03 = 2.21% OIL + .64 = 82.55 GOLD + 2.50 = 1250.40 SILV + .09 = 17.62 In economic news, the National Association of Realtors reports sales of existing homes rose 2.4% in September to a seasonally adjusted annual rate of 5.17 million, hitting the fastest pace in one year and rebounding from an unexpected drop in August. However, September’s pace of sales was down 1.7% from a year earlier. So, the housing market isn’t roaring, but lower interest rates managed to pull some buyers off the sidelines last month. Low interest rates are just part of the equation in the housing market; buyers also need to be employed. The Labor Department today released state unemployment numbers, and in 15 states, the unemployment rate is now under 5%; that list includes: North Dakota at 2.8%, South Dakota at 3.4%, Utah 3.5%, and Nebraska, Minnesota, Hawaii, New Hampshire, Vermont, Idaho, Iowa, Montana, Dolorado, Oklahoma, Wyoming, and Kansas. Georgia has the highest unemployment rate at 7.9%. Arizona made the bottom 10 with a 6.9% unemployment rate, a full percentage point higher than the national average. Reuters reported the European Central Bank was looking at buying corporate bonds as soon as December in its efforts to revive the Eurozone economy. The move to buy corporate …

READ MORE →
Financial Review

Hot, Hot, Hot

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-09-19-2014.mp3Podcast: Play in new window | Download (Duration: 13:15 — 6.1MB)Subscribe: Apple Podcasts | Android | RSS09192014 Financial Review DOW + 13 = 17,279 (record) SPX – 0.96 = 2010 NAS – 13 = 4579 10 YR YLD – .04 = 2.58% OIL – .61 = 92.46 GOLD – 8.60 = 1217.20 SILV – .73 = 17.89 The Dow Industrials posted the 18th record high close of the year. The big story on Wall Street today was the Alibaba IPO. You’ve probably never heard of Alibaba, so here is a quick update. Alibaba is China’s biggest online marketplace, and it combines online shopping with online banking, and a search engine. It is the world’s most popular online shopping site; it’s even bigger than eBay and Amazon combined. As a search engine, it goes up against Google and Microsoft’s Bing. It also provides financial services; you could buy certain things using AliPay, so it competes with the new Apple Pay, and it even has its own money market fund with $87 billion in assets; so it’s kind of like a bank. The company was founded in China 15 years ago by an English teacher named Jack Ma, who is now the richest man in China, with personal net worth over $20 billion. Early investors include Yahoo, with a 16% stake in the company; and Softbank, with a 32% stake. You might think it was a good day for Yahoo; not so much. Yahoo sold 120 million BABA shares, keeping more than …

READ MORE →