Financial Review

A conversation with Mark Hamrick, Senior Financial Analyst with BankRate.com.   The post Mark Hamrick appeared first on Eat the Bankers.com.

A conversation with John Chambers, former CEO of Cisco Systems and author of “Connecting the Dots: Lessons for Leadership in a Startup World”. The post John Chambers – Connecting the Dots appeared first on Eat the Bankers.com.

…Stocks stage a last hour rally. Why have stocks been dropping in a strong economy? What was behind today’s rally into the close. Consumer confidence slips. Techs mixed. Financial Review by Sinclair Noe for 12-27-2018 DOW + 260 = 23,138 SPX + 21 = 2488 NAS + 25 = 6579 RUT + 2 = 1331 10 Y – .05 = 2.74% OIL – .93 = 45.29 GOLD + 8.90 = 1276.20   I have been out of studio for the past couple of weeks on holiday. And while I was gone, it looks like you kids just made a mess of the markets. I look around and everything has been trashed. I know you tried to clean up yesterday, but it was too little, too late.   Last Friday, the Dow closed at 22,445. This holiday shortened week saw stocks plunge on Monday in a Christmas Eve nightmare, followed by a 1,000 point Boxing Day bounce, and then down again today, the Dow industrial were down about 600 points  – at least until the final hour or so of trade. Stocks had fallen for four consecutive days through Monday, and the drop had pushed the S&P 500 to within just a few poi

…Economy adds 155,000 jobs in November. Unemployment rate unchanged at 3.7%. U6 jumps to 7.6%. slightly weak report but not enough to change Fed. Financial Review by Sinclair Noe for 12-07-2018 DOW – 558 = 24,388 SPX – 62 = 2633 NAS -219 = 6969 RUT – 29 = 1448 10 Y – .03 = 2.85% OIL + .86 = 52.35 GOLD + 10.80 = 1249.00   The Bureau of Labor Statistics reported the economy added 155,000 jobs in November, with the unemployment rate unchanged at 3.7 percent. With a modest downward revision to the job growth reported for the prior two months (down 12,000 combined), the average over the last three months was 170,000, a clear slowing from the 204,000-average rate over the last year. Payroll growth in 2018 is still on track to beat the previous year’s average monthly gains of 182,000 positions and could surpass 2016’s average monthly increase of 195,000. What’s more, the economy is on track to produce the most new jobs since 2015. November was the 98th month of job creation in a row, a record.   And while 155,000 ne

Anthony Nieves, Chair of the Institute for Supply Management (ISM) Non-manufacturing Business Survey Committee. The Institute for Supply Management (ISM) said its non-manufacturing activity index rose 0.4 point to a reading of 60.7 last month. A reading above 50 indicates expansion in the sector The post Anthony Nieves – ISM appeared first on Eat the Bankers.com.

…Dow drops 784 points, but trims losses. Oil slides as OPEC meets. US an oil exporter. Huawei exec arrested in Canada – trade tensions spike. Trade deficit jumps. ADP private payroll 179k in November. ISM services sector increases. Stopgap government funding for 2 weeks. Financial Review by Sinclair Noe for 12-06-2018 DOW – 79 = 24,947 SPX – 4 = 2695 NAS + 29 = 7188 RUT – 3 = 1477 10 Y – .05 = 2.87% OIL – 1.13 = 51.76 GOLD + .50 = 1238.20   Stocks pared losses in the final hour or so of trading. The Dow industrials had been down 784 points earlier in the session. Globally, stocks did not bounce. The FTSE 100 index suffered its biggest percentage fall since the day after the EU referendum in June 2016 – closing almost 218 points lower at 6,704. Theresa May’s uphill struggle to get the House of Commons to agree her Brexit deal provided an additional cause of market anxiety in London. The 3.15% fall in the FTSE left the market at its lowest level in two years. Only three of the 100 companies quoted in the FTSE 1

…US stock markets closed to honor George H.W. Bush. They needed a break. Beige Book shows solid economy with a few headwinds. Friday Jobs report. OPEC meets tomorrow. Financial Review by Sinclair Noe for 12-05-2018 DOW = 25,027 SPX = 2700 NAS = 7158 RUT = 1480 10 Y = 2.92% OIL – .22 = 53.03 GOLD – .80 = 1238.20   The US stock exchanges were closed in observance of a national day of mourning for George H.W. Bush. This is the first time the market closed for the death of a president since 2007 for former President Gerald Ford. Stock index futures will reopen Wednesday evening at 6 p.m. Eastern, as usual. Wall Street could use the break.  Yesterday, each of the three major indices closed lower by more than 3%. It was the worst session for the Dow and the S&P 500 since October 10, and the worst for the Nasdaq since October 24. The rout that sent US stocks reeling also engulfed markets overseas.   The numerical decline in stocks on Tuesday is a bit scary, with the Dow lower by 799 points. However, the lost points

…Stocks crash. FAANGs lose a fortune. Banks slammed. China-US trade deal not a real deal, yet. Inversion is here. Quitar (sounds like something Tariff Man would say). Financial Review by Sinclair Noe for 12-04-2018 DOW – 799 = 25,027 SPX – 90 = 2700 NAS – 283 = 7158 RUT – 68 = 1480 10 Y – .07 = 2.92% OIL – .34 = 52.61 GOLD + 7.70 = 1239.00 The Dow’s loss of 3.1% sent the industrials back below the 50-day moving average, just one day after the index climbed back above that key line. The Nasdaq composite was punished by a 3.8% plunge, while the S&P 500 tumbled 3.2%. Both fell back below their 200-day moving averages, and the Nasdaq now appears to have hit resistance at its 50-day line. For its part, the S&P 500 also turned back below its 50-day average, after all of one day above it. The Dow managed to hold support at 25,000, and the S&P found a floor at 2700. Tech stocks are back in correction territory after a painful day for public exchanges. In total, the FAANG stocks — Facebook, Amazon, Apple, Netflix and

Timothy Fiore, chair of the Institute for Supply Management Manufacturing Business Survey Committee. The post Timothy Fiore – ISM appeared first on Eat the Bankers.com.

…Stacks rally on the open, then lose steam. US-China agree to cease fire in trade war. Check back in 90 days. OPEC considers production cuts. Yield curve flattens. France burns. Markets close Wednesday to honor Bush. Financial Review by Sinclair Noe for 12-03-2018 DOW + 287 = 25,826 SPX + 30 = 2790 NAS + 110 = 7441 RUT + 15 = 1548 10 Y – .02 = 2.99% OIL + 2.16 = 53.06 GOLD + 8.20 = 1231.30   The major stock indices open with a strong rally lost steam through the session. The Dow started the day with more than 500 points to the upside. The Dow and S&P 500 closed above their 50-day moving averages. The Nasdaq ended just below its 50-day average. That should be considered a good sign for the new stock market uptrend. The energy sector was the strongest, with SPDR Energy ETF (XLE) up 2.2%. The price of U.S. crude oil rose 4%. In a strong day for technology stocks, semiconductors shined. The Philadelphia semiconductor index surged 2.7% to the highest level since Oct. 17.   At the G20 summit Saturday, Trump and Chi

John Chambers (chair emeritus of Cisco), author of “Connecting the Dots: Lessons for Leadership in a Startup World” The post John Chambers – Connecting the Dots appeared first on Eat the Bankers.com.

Peter Phillips, author of “Giants – The Global Power Elite” The post Peter Phillips – Giants appeared first on Eat the Bankers.com.

…Stocks eke out gains for week and month. G20 hopes for and end to trade wars. Trump meets Xi. Putin meets MbS. NAFTA signed but not a done deal. Marriott breach. More Deutsche Bank raids. Financial Review by Sinclair Noe for 11-30-2018 DOW + 199 = 25,538 SPX + 22 = 2760 NAS + 57 = 7330 RUT + 7 = 1533 10 Y – .02 = 3.01% OIL – .73 = 50.72 GOLD – 1.80 = 1222.10 The Dow Industrials were down more than 80 points at session low. A rally into the close helped to finish the best week for the Dow in more than 2 years. The S&P 500 and Nasdaq posted their biggest weekly percentage gains in nearly 7 years. All three major U.S. indexes recorded modest monthly percentage gains for November. For the week, the Dow gained 4.7%, the S&P was up 4.5%, and the Nasdaq popped for a 5.2% gain.  For the month of November the Dow gained 1.3%, the S&P was up 1.5%, and the Nasdaq was down 0.1%. Year to date, all three indices are back in positive territory, with the Dow and the S&P both up 2.9%, and the Nasdaq Composite up 5.7% since t

…Fed minutes show no preset course. Michael Cohen flips. Mueller closes in. G20 – Putin meets MbS. Trump meets Xi. Nothing gets resolved. Financial Review by Sinclair Noe for 11-29-2018 DOW – 27 = 25,338 SPX – 6 = 2737 NAS – 18 = 7273 RUT – 5 = 1525 10 Y – .01 = 3.04% OIL + 1.12 = 51.41 GOLD + 3.40 = 1225.10     Stocks were mostly lower today. The Dow and the S&P 500 moved into positive territory with about an hour of trading, but then rolled over in the final 10 minutes.   On Tuesday, Federal Reserve Vice Chair Richard Clarida delivered a speech and he sounded dovish. Yesterday, Fed Chair Jay Powell delivered his own dovish panegyric of Fed propriety. Today, the Fed published the minutes from the most recent FOMC policy meeting. The main headline from the minutes is that almost all Fed officials saw another rate-hike “warranted fairly soon.” The Fed discussed modifying language on “Further Gradual” hikes while expressing its greater reliance on incoming data. Specifically, the minutes state: “Many participan

…Fed Chief Powell says rates are just below neutral. Stocks big rally. JOLTS shows quits improve. 3Q GDP unchanged at 3.5%. Investors lose faith in market cycle. Financial Review by Sinclair Noe for 11-28-2018 DOW + 617 = 25,366 SPX + 61 = 2743 NAS + 208 = 7291 RUT + 37 = 1530 10 Y – .01 = 3.04% OIL – 1.32 = 50.24 GOLD + 6.10 = 1221.70   There are several factors driving the stock market. You know the big issues: trade wars, tariffs, sanctions, emerging market debt, corporate debt, earnings, tax deals – all these issues can move the market.   Stock rallies across Asia spread to European indexes and US futures on Wednesday as investors took comfort from some reassuring words about trade by one of Trump’s closest advisors. Larry Kudlow said that the White House was having “a lot of communication with the Chinese government at all levels” ahead of Sunday’s highly anticipated meeting between Trump and his Chinese counterpart, Xi Jinping. Investors took Kudlow’s comments at face value, sending stocks higher around

— Waiting on G20. Meanwhile, the budget marches into a wall. S&P/Case-Shiller shows home prices flattening. Consumer confidence slips. Clarida speaks; tomorrow Powell speaks. Administration threatens GM. Financial Review by Sinclair Noe for 11-27-2018 DOW + 108 = 24,748 SPX + 8 = 2682 NAS + 0.85 = 7082 RUT  – 13 = 1492 10 Y – .02 = 3.05% OIL + .46 = 52.09 GOLD – 7.00 = 1215.60   If you were hoping for confirmation of yesterday’s rally, we really didn’t get that today; it could still come – just not today. Trump told The Wall Street Journal, in an interview published late Monday, that it is “highly unlikely” that he would accept Beijing’s request to hold off on increasing tariff rates on Chinese goods from the beginning of January 2019, raising some doubts about prospects for a detente between the world’s two largest economic superpowers when Trump and Chinese President Xi Jinping meet in Buenos Aires later this week. The pair are set to discuss trade on the sidelines of a meeting of the Group of 20 nations. T

…Holiday shopping is strong. GM closing plants, firing workers. Microsoft passes Apple. Climate report released Friday tries to buy the bad news. Financial Review by Sinclair Noe for 11-26-2018 DOW + 354 = 24,640 SPX + 40 = 2673 NAS + 142 = 7081 RUT + 17 = 1505 10 Y + .02 = 3.07% OIL + 1.19 = 51.61 GOLD – .70 = 1222.60 Cyber Monday is expected to generate $7.8 billion in sales, up nearly 18% on last year, which would make it the biggest online shopping day in the US. That’s more than the $6.2 billion in online sales for Black Friday, up nearly 24% on last year. The total amount spent on Thanksgiving Day this year was a record breaking $3.7B … in digital sales alone. That’s roughly $45M per second. But it still pales in comparison to China’s $30.8 billion in spending on Alibaba Singles Day last month. Some stores started their Cyber Monday sales early. Macy’s has been offering “cyber week” deals until Wednesday. Amazon has been promoting “Cyber Monday Week”.   Total spending for Black Friday weekend is predict

…Stocks stumble into holiday. Economic data dump: existing home sales, housing starts tick up, consumer sentiment falls, durable goods orders sink, LEI ticks up. Oil bounces. Wrapping up USMCA. Financial Review by Sinclair Noe for 11-21-2018 DOW – 0.95 = 24,464 SPX + 8 = 2649 NAS + 63 = 6972 RUT + 19 = 1488 10 Y + .01 = 3.06% OIL + 1.02 = 54.45 GOLD + 4.30 = 1226.40   Stocks bounced, a little, not enough. Stocks were in positive territory for most of the session but closed at lows for the session. The S&P 500’s plunge on Tuesday left the broad index staring at a 9.1% deficit on the quarter. That marks the S&P 500’s worst start to a fourth quarter through 37 trading days since 2008. Thankfully, the current slump is nowhere near as serious as the 35% meltdown from a decade ago. The bad news is that the S&P 500 has only started the fourth quarter this horribly five other times in history. And those years are all infamous. Besides 2008, these years include the Great Depression (1929, 1932 and 1937) as well as 198

…Stocks down again. FAANG turn bearish. Chips turn bearish. Oil takes another hit. Some troops home for turkey. Don’t expect a China-US trade deal soon. Home ownership up. Romaine lettuce recall. Financial Review by Sinclair Noe for 11-20-2018 DOW – 551 = 24,465 SPX – 48 = 2641 NAS – 119 = 6908 RUT – 27 = 1469 10 Y – .09 = 3.05% OIL – 3.86 = 53.34 GOLD – 2.80 = 1222.10 The Dow and the S&P 500 turned negative year to date. The Nasdaq Composite is still holding onto a small gain for 2018.  Energy stocks took a bigger beating than any other sector today and are now as unloved as they were during the financial crisis. Target fell 10.5 percent after reporting weaker-than-expected earnings for the previous quarter. The company also posted lighter-than-forecast same-store sales, which is a key metric for retailers. The decline sent the SPDR S&P Retail ETF (XRT) down 3.4 percent. Kohl’s, L Brands and Macy’s — which are also in the XRT — fell 9.2 percent, 17.7 percent and 3.4 percent, respectively.   For the first tim

…Stocks drop again. FAANG stocks are all bearish. US-China-G20 = low expectations. NAFTA no done yet. Iran defies sanctions. Homebuilder confidence drops. Nissan Chairman Ghosn gone. Lessons from HQ2. The word. Financial Review by Sinclair Noe for 11-19-2018 DOW – 395 = 25,017 SPX – 45 = 2690 NAS – 219 = 7028 RUT – 30 = 1496 10 Y – .02 = 3.06 OIL + .71 = 57.17 GOLD + 2.80 = 1224.90   The Dow dropped 1.5%; the S&P 500 dropped 1.6%, and the Nasdaq Composite dropped 3%. Trading has turned rocky since the S&P 500 finished the third quarter with its biggest gain since 2013. The broad index is down 6.1 percent since the end of September. Support is back around 2640 and again at 2603.  Apple cut production orders for all three iPhones it launched in September in response to lower-than-expected demand. Facebook, Apple, Amazon, Alphabet, and Netflix have fallen steadily over the last 6 weeks, each losing 20% or more from recent highs. Wall Street defines a bear market as a fall of 20 percent or more. Facebook in parti