…..G19 summit underway. Deals and tear gas abound. France bond auction stumbles, global bonds tumble. Waiting for the jobs report tomorrow: ADP private sector payrolls weak, initial claims up, ISM service sector growing. Ninth year of the recovery but not for everyone. Education Department sued. QVC-HSN. Berkshire-Oncor. Illinois overrides a veto to reach a budget. Financial Review by Sinclair Noe for 07-06-2017   DOW – 158 = 21,320 SPX – 22 = 2409 NAS – 61 = 6089 RUT – 19 = 1400 10 Y + .04 = 2.37 OIL + .16 = 45.29 GOLD – 1.70 = 1226.00   The G20 Summit is underway in Hamburg Germany. China’s President Xi Jinping and German Chancellor Angela Merkel pledged to work together more closely on a range of issues. Japan and the European Union agreed a free trade pact to create the world’s biggest open economic area and signal resistance to what they see as President Trump’s protectionist turn. German chancellor Merkel, who is hosting the summit, wants to unite world leaders on environmental goals, but will be careful not to mention the words “climate change” around the US president. Japanese Prime Minister Shinzo Abe urged the G20 states to continue working together on climate protection, after Trump pulled the United States out of the 2015 Paris agreement on climate change policy. France announced it will end the sale of gasoline and diesel vehicles by 2040 and become carbon neutral 10 years later. Earlier today, Trump delivered a speech in Warsaw ...

Sinclair Noe interviews David Osborn, co-author of “Wealth Can’t Wait: Avoid the 7 Wealth Traps, Implement the 7 Business Pillars, and Complete a Life Audit Today!”

…..Fed minutes show disagreement on timing. Factory orders slip. Home prices rise. Oil down. Volvo goes electric. Tesla must produce. Not the life O’Reilly. A glitch in tech. Financial Review by Sinclair Noe for 07-05-2017   DOW – 1 = 21,478 SPX + 3 = 2432 NAS + 40 = 6150 RUT – 6 = 1420 10 Y – .01 = 2.33% OIL – 1.46 = 45.61 GOLD + 3.50 = 1227.70   Welcome back. A holiday shortened trading week kicked off today with FOMC minutes and will finish with a G20 meeting and the jobs report on Friday. Today, the Fed released minutes of its Federal Open Market Committee meeting from June 13-14. We know the Fed raised its fed funds target rate for a second time this year to a range of 1 percent to 1.25 percent, while describing monetary policy as “accommodative” in their statement. They reiterated their support for continued gradual rate increases. Beyond that, the Fed was divided on the timing of when to begin shrinking its massive balance sheet. Fed officials updated their balance-sheet policy in the gathering, laying out a path of gradual reductions with caps. The central bank wants to start winding down the $4.5 trillion bond portfolio without roiling longer-term interest rates, while gradually raising the policy rate. The minutes indicated that the committee wants to begin the balance-sheet process this year, maybe within a couple of months – without naming an exact date. The Fed said in June it would ...

…..Stock wrap for the day, month, quarter and first half – mainly higher. Wheat wins. Dollar down. Oil down. Buffett wins again. Consumer spending up. Sentiment down. Illinois teeters on junk. Send in the ATF. Happy 4th. Financial Review by Sinclair Noe for 06-30-2017   DOW + 62 = 21,349 SPX + 3 = 2423 NAS – 3 = 6140 RUT – 0.84 = 1415 10 Y + .03 = 2.30% OIL + 1.40 = 46.33 GOLD – 4.20 = 1242.20   I’m not sure we established a trading pattern this week. Down, up, down, up. We did see a return to volatility. The indexes saw big moves, much sound and fury amounting to very little. It might just be window dressing to finish out the quarter and heading into a long holiday weekend. The markets will be open for a half day on Monday, but in reality, this is the beginning of a long holiday weekend.   As we wrap up the second quarter and the first half of the year, let’s check where we stand. For the month: the Dow gained 1.6%, the S&P gained 0.5%, the Nasdaq lost 0.9% for the month, and the Russell gained 3%. For the second quarter: the Dow gained 3.3%, the S&P up 2.6%, the Nasdaq up 3.9%, and the Russell up 3.9%. For the first half: the Dow is up 8%, the S&P up 8.2%, the Nasdaq up 14%, and the Russell up 6.1%. So, the Nasdaq is the big winner ...

Sinclair Noe interviews Robert Cialdini, author of “Pre-Suasion: A Revolutionary Way to Influence and Persuade”

….Stocks tumble. Rotation form tech to financials. 1Q GDP revised up to 1.4%. BIS spots global risks. Travel ban defines family. CBO says 35% cut to Medicaid over 20 years. Walgreens only buys half Rite Aid. Nike tops. Murdoch’s Sky buy on hold. Blue Apron about half baked. Vegas about half baked. Financial Review by Sinclair Noe for 06-29-2017 DOW – 167 = 21,287 SPX – 20 = 2419 NAS – 90 = 6144 RUT – 9 = 1416 10 Y + .05 = 2.27% OIL + .12 = 44.86 GOLD – 3.40 = 1246.40   We had a nice trend so far this year. The stock market has been moving forward in small, steady gains. Volatility has been low, almost imperceptible. The markets just kept moving higher.  When we have had a pullback, it was followed the next day by a rally, even if there was no conviction. That was the case this week. Down on Tuesday, back up on Wednesday. Today throws a wrench in the pattern, with the S&P 500 and the Dow industrials suffering their worst daily percentage drops in about six weeks. The tech sector was the worst performing group today. There’s a lot more volatility in tech this month and that’s in part due to stretched P/Es. At this point, it’s just a couple of down days, and we are heading into a long holiday weekend, a good time to take profits off the table and enjoy a barbeque without worries. Still, valuations are ...

…..Stocks bounce back. Banks pass test and start handing out money. Pending home sales dip on tight inventory and affordability. Everybody hates BCRA. Petya spreads. New airline security, sorta. Blue Apron cuts price. Philps buys Spectranetics. Pink slime settlement. Illinois junk. No Brazilian passports. Facebook 2 billion. Sycamore buys Staples. Financial Review by Sinclair Noe for 06-28-2017 DOW + 143 = 21,454 SPX + 21 = 2440 NAS + 87 = 6234 RUT  + 21 = 1425 10 Y + .02 = 2.22% OIL + .54 = 44.78 GOLD + 2.10 = 1249.80 Well, isn’t this familiar. The markets have a down day only to bounce back. The S&P 500 posted its largest one-day gain in two months while Nasdaq Composite recorded its best day in eight months. The S&P 500 has been somewhat fickle this month with three of this year’s biggest gains and two of its worst losses having occurred in June.   For the first time in seven years, the Federal Reserve did not object to any of the capital plans of 34 banks it reviewed in the second part of the annual stress tests implemented in the wake of the financial crisis.  Only Capital One Financial needed to submit a new capital plan by Dec. 28 in order to address “weaknesses in its capital planning process.” Last Thursday, all 34 banks passed the Dodd-Frank Act Stress Tests for the third time by topping the Fed’s requirements for being able to handle a severe recession. Wednesday’s results from the Comprehensive Capital Analysis ...

Sinclair Noe interviews David Duryea, author of “Do the Right Thing: in Business Improvement, Including Process and Technology”.

Sinclair Noe interviews Michael Collier, author of “Out of Comptrol”.

…..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 Shiller – home prices pull back. Google gets EU’s biggest fine. Ransomware attack goes global. Brazil’s president criminally charged. Financial Review by Sinclair Noe for 06-27-2017 DOW – 98 = 21,310 SPX – 19 = 2419 NAS – 100 = 6146 RUT – 13 = 1403 10 Y + .06 = 2.20% OIL + .34 = 43.72 GOLD + 2.20 = 1247.70   Last week, Senate Majority Leader Mitch McConnell unveiled Trumpcare, the Better Care Reconciliation Act of 2017, the Senate version of the American Health Care Act, which was the House version of a plan to repeal and replace Obamacare. Yesterday, the Congressional Budget Office published its analysis, or score for Trumpcare and it was ugly. The Senate legislation would repeal Obamacare’s taxes and insurance mandates and phase out its Medicaid expansion, but it drew criticism from Republican senators on both ends of the ideological spectrum. Conservatives were miffed that it did not fully repeal the 2010 health law, while moderates opposed its deep cuts to Medicaid and blanched at a projection from the Congressional Budget Office that it would result in 22 million fewer people having insurance over a decade.   McConnell said he wanted a vote by Thursday or Friday, before senators recessed for the July 4th holiday. But that won’t happen. Today, McConnell says the vote ...