Financial Review

The Institute for Supply Management reports its factory index climbed to 59.7 from 58.2 a month earlier. Sinclair Noe interview Tim Fiore, Chair of the ISM Manufacturing Business Survey Committee. The post Tim Fiore – ISM appeared first on Eat the Bankers.com.

Jake Bernstein, author of “Secrecy World – Inside the Panama Papers Investigation of Illicit Money Networks and the Global Elite” The post Jake Berstein appeared first on Eat the Bankers.com.

….S&P 500, Nasdaq, and Russell 2000 hit record highs. At this point in the expansion… Cold weather, heating fuel record usage. North Korea, Iran, Pakistan. Minimum wage increases. Air travel is safest. California goes to pot. Amazon goes bananas. Shoppers’ debt. Unexpected threats… Financial Review by Sinclair Noe for 01-02-2018 DOW = 104 = 24,824 SPX + 22 = 2695 NAS + 103 = 7006 RUT + 14 = 1550 10 Y + .06 = 2.46% OIL – .04 = 60.38 GOLD + 14.60 = 1318.10   Picking up where we left off last year. The S&P 500, the Nasdaq, and the Russell 2000 closed at record highs. The Dow Industrials were close to a record. Major stock indexes closed out 2017 with their best performances since 2013. Today, Wall Street moved higher. Global stocks moved higher. The dollar dropped. And the VIX dropped under 10. More of the same. Apple, Facebook, Alphabet, and Microsoft pulled the technology index higher, following a 37-percent surge in 2017 that made it the best performing S&P sector. MSCI’s gauge of stocks across the globe gain

….Year end review of stocks, bonds, commodities, and more. Plus, the annual bankster of the year award, and (dis)honorable mention. Happy New Year… Financial Review by Sinclair Noe for 12-29-2017   DOW – 118 = 24,719 SPX – 13 = 2673 NAS – 46 = 6903 RUT – 13 = 1535 10 Y – .03 = 2.40% OIL + .26 = 60.10 GOLD + 7.60 = 1303.30   The U.S. stock market turned in a stellar performance for 2017. Stocks slipped on the final trading day of 2017, but not by nearly enough to cast a shadow on the incredible rally this year. For the first time ever, the S&P 500 finished every month of the calendar year with a gain. The Dow Industrial Average posted 71 record high closes, a new record for record highs. For the year, the Dow shot up by 25%, the S&P 500 surged by 19% and the tech-heavy Nasdaq index outshined them with all with a stunning 28% gain. The Russell 2000 index of smaller-company stocks gained 13%.   The rally was led by gains in the technology sector, up nearly 40 percent for the year. Of the 11 major S&P sectors, ni

….Dow and S&P hit record highs, again. Copper 4-year high. Oil up. North Korea caught red handed. South Korea clamps down on bitcoin. A shift in the Senate. A very bad weather year. Looking for loopholes in the tax plan…. Financial Review by Sinclair Noe for 12-28-2017 DOW + 63 = 24,837 SPX + 4 = 2687 NAS + 10 = 6950 RUT + 4 = 1548 10 Y + .02 = 2.43% OIL + .25 = 29.89 GOLD + 7.90 = 1295.70   Stocks closed higher; not a big move, but enough for another record high. The Dow Industrial Average posted its 71st record closing high of the year. That extends the Dow’s record-setting streak; prior to 2017, the most closing records it had ever posted in a year was 69. Also, another record high for the S&P 500.   Global stocks edged higher. Copper posted another gain, pushing prices to 4-year highs. Stronger demand for copper portends a strong year for the global economy in 2018. The metal, used in construction and machinery, and is seen as a proxy for global growth. Freeport-McMoRan shares gained 2.5%.   Oil prices hi

….Stocks flat Oil falls back. Copper hits 4-year high. Cobalt even better. Holiday shopping season was big. Amazon rules. Apple slows. Consumer confidence still high. Case Shiller shows home sales higher. NAR shows pending sales still strong. Financial Review by Sinclair Noe for 12-27-2017   DOW + 28 = 24,774 SPX + 2 = 2682 NAS + 3 = 6939 RUT – 0.29 = 1543 10 Y – .05 = 2.41% OIL – .42 = 59.55 GOLD + 4.20 = 1288.20   Stocks went nowhere in thin trading. Expect continued light volume for the remainder of the week. Ten-year Treasury yields posted a fourth day of declines, while the dollar traded near month lows. The yield curve is getting one final flattening push before calling it a year. The spread between the yields on 2-year and 10-year Treasuries narrowed to just 50 basis points today, close to the decade low reached on Dec. 6. The culprits behind this final flattening push appear to be money managers who need to tidy up their portfolios before 2017 finishes, with month-end duration extensions and quarter-e

Pamela Burke, editor of “20 Women Changemakers” The post Pamela Burke appeared first on Eat the Bankers.com.

Peter Cohan, Forbes.com blogger and author of Disciplined Growth Strategies.   The post Peter Cohan appeared first on Eat the Bankers.com.

….Economy added 228,000 new jobs in November. Unemployment rate 4.1%. U-6 at 8%. Green light for Fed rate hikes. No reason for tax cuts. Financial Review by Sinclair Noe for 12-08-2017   DOW + 117 = 24,329 SPX + 14 = 2651 NAS + 27 = 6840 RUT + 1 = 1521 10 Y + .01 = 2.38% OIL + .67 = 57.36 GOLD + .90 = 1248.70   The economy added 228,000 new jobs in November, beating expectations for about 200,000. The unemployment rate was unchanged at 4.1%, a 17-year low.   October job gains were revised lower, to 244,000 from 261,000. The increase in jobs in September was raised to 38,000 from 18,000. Hurricane damage skewed the past two employment reports, with the storms temporarily pushing hundreds of thousands of workers, particularly in the service sector, out of their jobs. They largely flocked back in October, accounting for much of the month’s larger-than-usual job growth. Payrolls for September and October were revised up by a combined 3 thousand. Accounting for these revisions, job gains have averaged 170,000 over

….Stocks bounce. Jerusalem and rage. Franken out. GE pink slips for Christmas. Bitcoin crazy. Venezuela also crazy. Shutdown would be costly. Deficit hawks complain about deficits. LA burning. Net worth up. Google v. Amazon. Toys R greedy. Student loan gift idea. Ultra violet. Financial Review by Sinclair Noe for 12-07-2017   DOW + 70 = 24,211 SPX + 7 = 2636 NAS + 36 = 6812 RUT + 11 = 1520 10 Y + .05 = 2.38% OIL+ .66 = 56.62 GOLD – 16.00 = 1247.80   Stocks closed higher. The S&P 500 snapped a 4-day losing streak. Tech stocks made something of a comeback after taking a battering earlier this week. From Friday through Tuesday, the Nasdaq fell 1.6%, with analysts largely blaming the drop on profit-taking after a big rally and on concerns about how the U.S. tax overhaul will impact the tech sector. Whatever rotation away from tech happened in the past few days, it was minor.   Hamas urged Palestinians to abandon peace efforts and launch a new uprising against Israel in response to Trump’s recognition of Jerusalem

…Stocks slip. Tech bounce. Monetary and fiscal policy and the bond market. Buy the Hake hike rumor and sell the news? Some mistakes in the tax plan. Shutdown? LA burning. Silence breakers. Financial Review by Sinclair Noe for 12-06-2017   DOW – 39 = 24,140 SPX – 0.30 = 2629 NAS + 14 = 6776 RUT – 23 = 1508 10 Y – .03 = 2.33% OIL -2 .39 = 55.97 GOLD – 3.10 = 1263.80   Shares of Microsoft, Facebook and Google-parent Alphabet rose more than 1 percent as the technology sector recovered from a recent selloff. Microsoft was up more than 2 percent.   For the past 9 years, the Federal Reserve’s monetary policy has been the driving force in stock price appreciation. The Fed cut interest rates to near zero and then injected monetary credits into the economy through quantitative easing. Take a look at a chart of the Fed’s balance sheet and then overlap a chart of the S&P 500. The 2 charts match almost perfectly. Now the Fed has stopped investing into new asset purchases and stopped rolling over existing holding, a taperi

….Stocks slip. Risks are high. Jay Powell confirmed. ISM slips. Trade deficit jumps. Deutsche Bank subpoenaed, maybe. Public hates the tax plan. Russia banned from Olympics. More fire in Cal. Financial Review by Sinclair Noe for 12-05-2017   DOW – 109 = 24,180 SPX – 9 = 2629 NAS – 13 = 6762 RUT – 20 = 1516 10 Y – .02 = 2.36% OIL – .88 = 57.48 GOLD – 9.70 = 1266.90   The Dow slipped after posting its 64th record high close yesterday. Not a surprise given the weak finish in the markets yesterday. Today was another example of stocks closing near the lows for the day. And for the broader market, the S&P and Nasdaq have now posted three consecutive losing sessions – we haven’t seen that since August. A Tuesday pause aside, it’s been a rough week or so for technology shares, which have been the victim of a violent rotation that’s seen investors flee what’s been by far the hottest sector of 2017 for companies expected to get a bigger boost from tax legislation working its way through Congress. Meanwhile, telecom sha

Anthony Nieves, Chair of the Institute for Supply Management (ISM) Non-Manufacturing Survey Committee. November PMI at 57.4%, down from 60.1% in October. The post Anthony Nieves – ISM appeared first on Eat the Bankers.com.

….Dow record but off intraday highs. Broader market slides. Tax plan moves to reconciliation. Shutdown pushed back. CVS Aetna deal biggest of the year. Financial Review by Sinclair Noe for 12-04-2017   DOW + 58 = 24,290 SPX – 2 = 2639 NAS – 72 = 6775 RUT – 11 = 1532 10 Y + .02 = 2.38% OIL – .91 = 57.45 GOLD – 4.00 = 1276.70   This morning, the markets surged – largely, a happy-time vibe from the tax cut plan – but as the day wore on, the euphoria faded. The Nasdaq turned south after about one hour of trading. The entire tech sector came under serious pressure. Microsoft dropped 4%, its biggest single-day decline since June 2016.  Facebook lost 3.6%. Amazon down almost 2.5%. Alphabet down 1%. Apple slipped about 0.7%. The S&P 500 managed to hang on until the final minutes of trading before the numbers turned red. The Dow Industrials managed to hold on to a positive session and a record high close, but that close was 245 points down from the intraday high. Treasuries continued to slip. Even though yields rose t

….Mike Flynn pleads guilty, will roll over. Tax bill vote cometh right soon. Otherwise, a slow news day.   Financial Review by Sinclair Noe for 12-01-2017 DOW – .40 = 24,231 SPX – 5 = 2642 NAS – 26 = 6847 RUT – 7 = 1537 10 Y – .06 = 2.36 OIL + .90 = 58.30 GOLD + 5.00 = 1280.60   Markets started the session wobbling between positive and negative; waiting for word on tax legislation. Then a political bombshell dropped. The major averages hit their session lows on the report, with the Dow Jones industrial average briefly dropping 350 points.   Mike Flynn, former National Security Adviser pleaded guilty to one count of lying to the FBI about contacts with Russia’s ambassador. Prosecutors said he consulted with a senior official in Donald Trump’s presidential transition team before speaking to the envoy. Flynn became the first member of Trump’s administration to plead guilty to a crime uncovered by the special counsel investigation into Russia’s alleged attempts to influence the 2016 U.S. presidential election. Th

Interview with Timothy Fiore, Chair of the Institute for Supply Management Manufacturing Business Survey Committee. November manufacturing index down 0.5 percentage point to 58.2%. The post Timothy Fiore – ISM appeared first on Eat the Bankers.com.

….Dow, S&P, Russell hit record highs. Exuberance over tax cuts. Tax plan would rip a hole in the budget, but looks poised to pass. Consumer spending slowed in October. Tillerson is here today, but tomorrow? CVS-Aetna. Look at the moon. Financial Review by Sinclair Noe for 11-30-2017 DOW + 331 = 24,272 SPX + 21 = 2647 NAS + 49 = 6873 RUT + 1 = 1544 10 Y + .04 = 2.42% OIL + .08 = 57.38 GOLD – 8.80 = 1275.60 Record highs for the Dow, the S&P, and the Russell. The Nasdaq recovered nicely from a nearly 1.5% decline yesterday, but not enough for a record.   Well, it’s pretty easy to see that the promise of a tax cut has been a big boost to Wall Street. Some estimates claim a corporate tax cut could boost S&P 500 earnings by 6%. The Senate convened at 10:30 a.m. this morning to continue discussing the bill after it passed a procedural vote on Wednesday. Republicans are using special procedures that shield the measure from a Democratic filibuster. Debate on the legislation is limited to 20 hours. When the debate ends

….Dow hits a record, again. 3Q GDP at 3.3%. Yellen takes a curtain call. John Williams in Phoenix. Pending home sales jump. Cryto-currency crazy. SCOTUS and cellphone privacy. Wells Fargo, repeat offender. American Air, whoops. Financial Review by Sinclair Noe for 11-29-2017   DOW + 103 = 23,940 SPX – 0.97 = 2626 NAS – 88 = 6824 RUT + 29 = 1542 10 Y + .04 = 2.38% OIL – .72 = 57.39 GOLD – 10.00 = 1284.40   The Dow Industrials hit another record high, even as the Nasdaq suffered a sharp drop.   The U.S. economy’s growth rate last quarter was revised upward to the fastest in three years on stronger investment from businesses and government agencies than previously estimated. Third quarter GDP grew at a 3.3% annualized rate (est. 3.2%), revised from 3%. The performance, achieved despite two devastating hurricanes, marked the fastest expansion in gross domestic product since a 5.2 percent annual spurt in the third quarter of 2014. Consumer spending, which accounts for about 70 percent of the economy, continues to