3 Things
….Janet Yellen’s semi-annual testimony before Congress, another attempt to pass a replacement to Obamacare, and Amazon Prime day. Model 3 rolls off the line. CFPB will ban mandatory arbitration...
View ArticleQuick Shock
…..Wall Street shocked by Junior’s email chain. McConnell tries to rally support for BCRA. Still to come a budget and tax reform. Seattle raises income tax. Traders look to bank earnings. Small biz...
View ArticleDoves Fly
…..Dow record high. Yellen says rates won’t have to rise all that much further. Bonds also move higher. Emerging markets also move higher. Beige Book sounds more upbeat. Bank of Canada boosts rates....
View ArticleCookies in Bulk
….Dow hits another record. Senate unveils BCRA version 2.1 – it just keeps getting worse. Steel tariffs? Paris Accord? Yellen Day 2 on Capitol Hill and the Fed’s third mandate. Financial Review by...
View ArticleA Quiet Friday in August
…..Here comes Horrible Harvey. Yellen’s last hurrah in Jackson Hole. Cohn hangs in. Mnuchin expects tax reform by end of year. Investors pull money out of US stocks. Samsung’s Lee sentenced. YouTube TV...
View ArticleHealth Care, Taxes
….Graham-Cassidy is dead for now. Next up – tax reform, and this won’t be easy, either. Rich richer, poor poorer. Puerto Rico in terrible peril. Financial Review by Sinclair Noe for 09-26-2017 DOW – 11...
View ArticleBlack Monday + 30
…..Dow and S&P hit record high closes. Jay Powell possible Fed head. ACA fix maybe. Amazon’s HQ2 and slobbering cities. The lies of fossil fuels. Black Monday + 30 years. Financial Review by...
View ArticleTax Plan Puffery
….Debating the tax plan. Yellen will leave Fed. DOJ will block AT&T-Time Warner. Nebraska approves Keystone XL. North Korea terrorism list. Germany may have another vote. Chile tumbles on vote....
View ArticleDiminished Expectations
…State of the Uniom review. Fed FOMC, Yellen’s last. ADP jobs beat. Earnings: Microsoft, Facebook, AT&T, Qualcomm, Boeing. Financial Review by Sinclair Noe for 01-31-2018 DOW + 72 = 26,149 SPX +...
View ArticleStocks Crater on January Jobs Report
…Stocks slammed. 200,000 new jobs in Jan. 4.1% unemployment rate. Treasuries pop on signs of wage growth. Financial Review by Sinclair Noe for 02-02-2018 DOW – 665 = 25,520 SPX – 59 = 2762 NAS – 144...
View ArticleCountdown to Liftoff
Financial Review by Sinclair Noe DOW + 31 = 17,935 SPX + 4 = 2100 NAS + 9 = 5064 10 YR YLD – .01 = 2.31% OIL – .22 = 59.75 GOLD + 3.60 = 1186.10 SILV + 11 = 16.22 The Fed has wrapped up its June...
View ArticleSound and Fury
Financial Review by Sinclair Noe DOW + 211 = 17,760 SPX + 25 = 2076 NAS + 75 = 4997 10 YR YLD + .11 = 2.41% OIL + .04 = 52.82 GOLD + 3.50 = 1163.80 SILV + .23 = 15.72 For the week, the Dow rose 0.17...
View ArticleBurn the Doors
Financial Review by Sinclair Noe DOW + 217 = 17,977 SPX + 22 = 2099 NAS + 73 = 5071 10 YR YLD + .01 = 2.43% OIL – .35 = 51.85 GOLD – 5.30 = 1158.50 SILV – .12 = 15.60 Greece and Eurozone creditors...
View ArticleEndless Possibilities
Financial Review by Sinclair Noe DOW – 3 = 18,050 SPX – 1 = 2107 NAS – 5 = 5098 10 YR YLD – .05 = 2.35% OIL – 1.43 = 51.61 GOLD – 5.90 = 1149.90 SILV – .28 = 15.19 I think the markets couldn’t quite...
View ArticleChips and Salsa
Financial Review by Sinclair Noe DOW + 70 = 18,120 SPX + 16 = 2124 NAS + 64 = 5163 10 YR YLD un = 2.35% OIL + .13 = 51.04 GOLD – 4.30 = 1145.60 SILV – .12 = 15.08 The Nasdaq Composite closed at a...
View ArticleFirst Do No Harm
Financial Review by Sinclair Noe for 09-17-2015 DOW – 65 = 16,674 SPX – 5 = 1990 NAS + 4 = 4893 10 YR YLD – .08 = 2.22% OIL – .25 = 46.90 GOLD + 11.80 = 1132.00 SILV + .21 = 15.24 The Fed will raise...
View ArticleNever the Twain Shall Meet
Financial Review by Sinclair Noe for 09-22-2015 DOW – 179 = 16,330 SPX – 24 = 1942 NAS – 72 = 4756 10 YR YLD – .09 = 2.12% OIL – .85 = 45.83 GOLD – 8.70 = 1125.70 SILV – .45 = 14.87 Pope Francis is...
View ArticleSpeech of the Day
Financial Review by Sinclair Noe for 09-24-2015 DOW – 75 = 16,201 SPX – 6 = 1932 NAS – 18 = 4734 10 YR YLD – .02 = 2.12% OIL + .43 = 44.91 GOLD + 23.80 = 1155.10 SILV + .36 = 15.25 Pope Francis...
View ArticleA Twisted Duck
Financial Review by Sinclair Noe for 11-04-2015 DOW – 50 = 17,867 SPX – 7 = 2102 NAS – 2 = 5142 10 YR YLD + .01 = 2.23% OIL – 1.38 = 46.52 GOLD – 9.70 = 1108.50 SILV – .20 = 15.16 Federal Reserve...
View ArticleTwo Paths Diverge
Financial Review by Sinclair Noe for 12-02-2015 DOW – 158 = 17,729 SPX – 23 = 2079 NAS – 33 = 5123 10 YR YLD + .03 = 2.18 OIL – 1.67 = 40.1 GOLD – 15.60 = 1054.20 American businesses stepped up...
View ArticleA Far, Far Better Thing
Financial Review by Sinclair Noe for 12-03-2015 DOW – 252 = 17,477 SPX – 29 = 2049 NAS – 85 = 5037 10 YR YLD + .15 = 2.33% OIL + 1.33 = 41.27 GOLD + 8.40 = 1062.60 The S&P 500 suffered its biggest...
View ArticleAnother Strong Jobs Report
Financial Review by Sinclair Noe for 12-04-2015 DOW + 369 = 17,847 SPX + 42 = 2091 NAS + 104 = 5142 10 YR YLD – .05 = 2.28% OIL – 1.01 = 40.07 GOLD + 25.30 = 1087.90 The economy added 211,000 jobs...
View ArticleNot Fixed Yet
Financial Review by Sinclair Noe for 02-05-2016 DOW – 211 = 16204 SPX – 35 = 1880 NAS – 146 = 4363 10 Y – .02 = 1.85% OIL – .73 = 30.99 GOLD + 18.40 = 1174.50 The S&P 500 extended its loss for...
View ArticleCoCo Pop
Financial Review by Sinclair Noe for 02-09-2016 DOW – 12 = 16,014 SPX – 1 = 1852 NAS – 14 = 4268 10 Y – .01 = 1.73% OIL – 1.41 = 28.28 GOLD – .20 = 1189.80 Japanese stocks crashed 5.4%, making for...
View ArticleThat’s Her Story
Financial Review by Sinclair Noe for 02-10-2016 DOW – 99 = 15,914 SPX – 0.35 = 1851 NAS + 14 = 4283 10 Y – .02 = 1.70% OIL – .64 = 27.30 GOLD + 8.00 = 1197.80 Fed Chair Janet Yellen delivered her...
View ArticleRisk Off
Financial Review by Sinclair Noe for 02-11-2016 DOW – 254 = 15,660 SPX – 22 = 1829 NAS – 16 = 4266 10 Y – .06 = 1.64% OIL – .17 = 27.28 GOLD It’s a bad day for global stock markets. Markets in Hong...
View ArticleNobody Knows Normalization
Financial Review by Sinclair Noe for 02-12-2016 DOW + 313 = 15,973 SPX + 35 = 1864 NAS + 70 = 4337 10 Y + .10 = 1.75% OIL + 2.77 = 28.98 GOLD – 9.40 = 1238.00 The Nikkei Stock Average finished down...
View ArticleThus Spake Yellen
Yellen speech is dovish. Risk on. Financial Review by Sinclair Noe for 03-29-2016 DOW + 97 = 17,633 SPX + 17 = 2055 NAS + 79 = 4846 10 Y – .06 = 1.81% OIL – .90 = 38.49 GOLD + 20.60 = 1242.90 The...
View ArticleA Weak Week
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. Financial Review for 04-08-2016 by Sinclair...
View ArticleThe Radical and Necessary Notion
1Q GDP revised up to 0.8%; economy slogs along. Yellen hawkish, with an oops. Why G7? Why Sears? Philips turns out the lights. ACLU-MSFT tag team for 4th Amendment. Obama in Hiroshima. Financial Review...
View ArticleQuiet and Overbought
Markets 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...
View ArticleFed Day
FOMC leaves rates unchanged. No surprise. Brexit scares. PPI inches up. Industrial production inches down. California is #6. BofA fires. Office Depot hires. Coffee best served tepid. Financial Review...
View ArticleMind the Gap
Brexit vote manana. Yellen returns to Capitol Hill. Home sales up. The rent is too high. Puerto Rico sued before pending default. Tesla buys SolarCity. Innovation versus buybacks. Financial Review by...
View ArticleTake the Overs
Oil bull. Fed jawbones for rate hike. Singer’s bubble. Brexit sets a date. Whistleblower not in it for the money. Valeant is the next Enron. Robocall Strike Force. Take the Overs. Financial Review by...
View ArticleWake Me When It’s Over
Waiting on the Fed. Existing home sales drop. Oil, too. A phabulous phablet. Apple’s tax dodge finds a peculiar bedfellow. The really cool part about Tesla’s announcement. Blimps, really big blimps....
View ArticleThe Case Has Strengthened
Thus spake Yellen. Fischer confirms she is serious. September is on. GDP revised down; look for ponies. Trade gap narrows. Why nobody invests in the US? Herbalife twist. Amazon v Rackspace. Just take a...
View ArticleDecent August Jobs Report
Jobs report Friday. The economy added 151,000 job. The unemployment rate holds at 4.9%. Financial Review by Sinclair Noe for 09-02-2016 DOW + 72 = 18,491 SPX + 9 = 2179 NAS + 22 = 5249 10 Y + .03 =...
View ArticleKnee Jerk Trading
……OPEC might cut output, kinda, sorta. Congress overrides veto to sue Saudis. Senate approves CR funding. Janet Yellen testifies. Wells Fargo claws back a pittance. California cuts ties to Wells. The...
View ArticleDeutsche Bank Running on Rumors
….. 3Q recap. Deutsche Bank hits lows – and then a rumor of a cheap settlement with DOJ. Euro banks still look ugly and DB is one of the worst. Consumer sentiment up. Consumer spending down. EU...
View ArticleThus Spake Yellen
…..Retail sales rebound. Consumer sentiment dips – blame the election, it is driving us crazy. PPI up. Treasury tackles earnings stripping. Janet Yellen on the grand experiment of economics and the...
View ArticleFed Talk & Earnings
…..The Battle of Mosul. Yellen looks at a high pressure economy. Rosengren fears inflation. Fischer fears recession. Factory output inches up. Earnings season: BofA beats, Netflix crushes, IBM still...
View ArticleRelatively Soon
…..CPI shows inflation. Jobless claims plummet. AZ unemployment dips. Yellen says rate hike relatively soon. The Minneapolis Plan to avoid another bank bailout and break up the big banks (that’s a...
View ArticleTurkey, Again
…..Four consecutive sessions with record highs. Yellen delivers Humphrey-Hawkins testimony. Labor market good, inflation warming; rate hikes are live; Dodd-Frank did not destroy lending. PPI jumps in...
View Article5 Straight
…..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....
View ArticleWhen Others Are Greedy
…..Another Dow record, barely. What’s sparking the rally. It’s a mess, except it isn’t. Optimism abounds. Fed sees strengthening economy. Philly Fed Mfg Survey at 33 year high. Housing starts down but...
View ArticleEnd of Easy
…..Rate hike coming and that right soon. Prepare for the end of easy. ISM services stay strong. Sessions recusal. Pence private email. EPA budget cut. After multiple sticks, Wilbur Ross offers Mexico a...
View ArticleCall It Neutral
…..Fed moves to sustainability mode. Earnings season sighted. Wells Fargo still too stupid after 113-page report. Libor audio tapes implicate the Bank of England. Barclays CEO targets whistleblower....
View ArticleApril Jobs Report
…..Economy adds 211,000 jobs last month. Unemployment rate drops to 4.4%. U6 drops to 8.6%. Wages up 2.5% YoY. 79th straight month of job growth. Financial Review by Sinclair Noe for 05-05-2017 DOW +...
View ArticleFed Day
…..Dow hits another record. Fed raises interest rates 25 basis points. Plans to shrink balance sheet. CPI shows inflation stalled. Oil prices fall. Retail sales drop. Business inventories slip....
View ArticleDelayed Not Dead
…..Trumpcare Senate vote delayed for lack of support. Fedspeak: Yellen says valuations rich, Fischer says P/E is high, Williams says stock market is running on fumes. IMF throws shade on Trump. Case...
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