…..Dow waits for assault on 19,000. PPI unchanged. Industrial production unchanged. Mortgage rates up. Fed ready to hike rates. Bill Gross isn’t buying the Trump Bump. Snapchat files to go public. Amazon goes after knockoffs. Twitter goes after trolls. EU will fine more banksters. SEC finally addresses Flash Crash. Ford still going to Mexico. Playstation Fiesta Bowl. Financial Review by Sinclair Noe for 11-16-2016 DOW – 54 = 18,868 SPX – 3 = 2176 NAS + 18 = 5294 10 Y – .40 = 45.41 OIL – .02 = 2.22% GOLD – 3.40 = 1225.00 The Dow Jones Industrial Average had posted record closes for four straight sessions, before hitting the pause button today. Still, the Dow is up about 8.25 percent year to date, outperforming the S&P 500 and the Nasdaq composite, which were up 6.6 percent and 5.8 percent for the year, respectively. The last two times the Dow outperformed the S&P and Nasdaq in a year when all three were higher year to date were in 2006 and 1996. If the Dow can break 19,000 it would likely just keep running higher. Based on market data from the past 30 years, when the Dow has crossed levels like 2,000, 3,000, 4,000 – all the way to 18,000, we can expect traders to push it up even higher. The trend is true not just for a quick one-week return, but also one-month and one-quarter returns. If nothing else, a move through a thousand-point level attracts attention, encouraging more people to jump on ...

…..Record high close for the Dow, again. Oil bounces despite glut. Retail sales up. Import prices up. Paris agreement “unstoppable”. UK has no plan for Brexit. Google and Facebook close the gate on fake news. Buffett buys airlines. Soros buys GOOG and NFLX. Financial Review by Sinclair Noe for 11-15-2016 DOW + 54 = 18,923 SPX + 16 = 2180 NAS + 57 = 5275 10 Y + .02 = 2.24% OIL + 2.51 = 46.45 GOLD + 6.50 = 1228.50   Another record high for the Dow.   The dollar pulled back from close to 14-year highs, euro zone government bond yields fell and the price of copper tumbled as traders cashed in recent gains. US Treasury yields fell slightly; the carnage in bonds placed on temporary pause but it didn’t last.   Oil prices, which hit three-month lows on Monday, rose after the U.S. Energy Information Administration said U.S. shale oil production was expected to fall in December for the 12th month in 13. Still, the US has more gasoline than it knows what to do with. Exports have risen above imports for three consecutive weeks as recurring pipeline outages and higher production levels by refiners caused Gulf Coast inventories to grow. The abundance of gasoline pushed Gulf Coast gasoline prices to an eight-month low last week and spurred the longest losing streak since 2012 in futures, making U.S. gasoline an affordable buy. Valero Energy shipped excess supplies to Canada instead of Colombia and Phillips 66 sent the first gasoline shipment in ...

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…..Record high close for the Dow. Bonds continue slide. Bracing for the Fed. Earnings out of recession. Japan economy grows. China economy grows. EU will stick to its deals. OPEC can’t stop pumping. Samsung buys Harman. Novartis buys Amneal. Siemens buys Mentor. Toyota pays for rust. Hedge fund secrets revealed. We didn‘t start the fire. Financial Review by Sinclair Noe for 11-14-2016 DOW + 21 = 18,868 SPX – 0.25 = 2164 NAS – 18 = 5218 10 Y + .10 = 2.22% OIL + .26 = 43.67 GOLD – 7.60 = 1221.00   Another record high close for the Dow.   U.S. bond yields are sharply higher across the board following a public market holiday on Friday. The yield on the benchmark 10-year Treasury note topped 2.25%; they surged 37 basis points last week, the most in three years, amid speculation Trump’s plans to boost spending and cut taxes will widen the budget deficit and stoke inflation. The 30-year Treasury bond yield is over 3% for the first time since January. The two-year yield crossed the 1.00% threshold for the first time since January. The movement has also lit a fire under the greenback, with the U.S. dollar index up more than 1%, hitting 100 for the first time in almost a year.   The global bond rout is intensifying. Long-dated bonds are getting hit hardest in Europe. The selloff wiped a record $1.2 trillion off the value of bonds around the world last week. Investors rotated into stocks, as global ...

…..Dow record high. Commodities, financials up. Bonds, tech and emerging markets down. Fed jawbones for higher rates. Trump transition takes shape. Trumpcare takes shape vaguely. Happy Singles Day. App judgment. Super moon rising. Veterans Day thanks. Financial Review by Sinclair Noe for 11-11-2016 DOW + 39 = 18,847 SPX – 3 = 2164 NAS + 28 = 5237 10 Y closed 2.12% OIL – 1.21 = 44.15 GOLD – 31.00 = 1228.60   The Dow closed at a new all-time high. Milk and cookies for everyone. Or wine and Xanax – your choice. It was a wild ride. For the week, the Dow rose around 5.4 percent, marking its best weekly performance since December 2011. The S&P 500 gained 3.8 percent for the week. The Nasdaq Comp posted a 3.4 percent weekly gain.   While stock markets were open today for Veterans Day, bond markets were closed, after taking a beating over the past few sessions. The global bond sell-off continued; across the world, more than $1 trillion has been wiped off the value of bonds as President-Elect Trump’s policies are seen boosting inflation.   One bright spot in the bond market, TIPS, or Treasury Inflation Protected Securities, which are indexed to inflation, have enjoyed their largest eight-week inflow on record, attracting over $5 billion. Commodities and equities also proved big gainers. Commodities funds attracted $1.5 billon inflows in the week to Wednesday, the largest in 14 weeks. Copper is eyeing its biggest weekly rally in 35 years and iron ore is heading ...

…..Dow hits a record high close. Treasuries flop. Trump and Obama meet for transition. A few protests. TPP is dead. Obamacare is almost dead. Aetna is shocked. Pfizer spinoff. Conoco selling oil. We should all be TubeMoguls. Goldman calls the moving van. Sarao spoofs his way to jail. Shake Shack shines. Taser shocks (in a good way). Mylan whiffs. Oil glut continues. Financial Review by Sinclair Noe for 11-10-2016.   DOW + 218 = 18,807 SPX + 4 = 2167 NAS – 42 – 5208 10 Y + .04 = 2.12% OIL – .91 = 44.36 GOLD – 19.20 = 1260.00   The Dow Jones industrial average hit a new all-time intraday high and a record high close. Milk and cookies for all. The Dow took out the old high from mid-August. Nearly every major tech stock was down. Apple, Google, Microsoft, and Amazon are all in the red, despite the broader market being up. Banks moved higher. The Trump Transition website posted a statement: “The Financial Services Policy Implementation team will be working to dismantle the Dodd-Frank Act and replace it with new policies to encourage economic growth and job creation.”   Treasury yields haven’t been this high since the beginning of the year. Aggressive selling on yesterday ran Treasury yields up by more than 20 basis points at the long end of the curve and to their highest levels since January. That selling has carried over into today’s session with the 10-year yield up another 4 basis points at ...

…..Trump won. Senate and House stay red. Financial markets freak out and then recover. Winners and losers in trading. Pollsters flop and market seers stumble. Plus Arizona election results. Financial Review by Sinclair Noe for 11-09-2016 DOW + 256 = 18,589 SPX + 23 = 2163 NAS + 57 = 5251 10 Y + .21 = 2.07% OIL + .41 = 45.39 GOLD + 3.10 = 1279.20   Donald Trump has been elected the 45th president of the United States. Trump defeated former Secretary of State Hillary Clinton by winning key battleground states of Florida, North Carolina, and Ohio – while managing to gain upset victories in several states that were previously considered blue strongholds, such as Pennsylvania and Wisconsin.   Trump racked up a clear majority in the Electoral College, even as Clinton won the popular vote by about 200,000 votes. Still Trump had gathered 290 Electoral votes to 228 for Clinton, and even though Michigan and New Hampshire are still too close to call, the results were conclusive.   Clinton called Trump sometime after 2 a.m. ET to concede the race. Trump declared victory this morning, shortly before 3 a.m., before a large crowd of enthusiastic supporters, pledging to help unite the country. In his victory speech, Trump said he had a great economic plan, would embark on a project to rebuild American infrastructure and would double U.S. economic growth. President Barack Obama, who campaigned hard for Clinton, congratulated Trump by telephone early today and invited him to ...

…..Election Day. Clinton has the path to victory, Florida likely to seal the deal. Plus, what to watch in Senate races. Plus other stuff on ballots. Social media made a difference. JOLTS show tightening labor market. Financial Review by Sinclair Noe for 11-08-2016 DOW + 73 = 18,332 SPX + 8 = 2139 NA + 27 = 5193 10 Y + .03 = 1.86% OIL- .03 = 44.86 GOLD – 5.80 = 1276.40 America votes. The Justice Department’s civil rights division has been deployed to polling sites in 28 states (including Arizona) to monitor the election, five more than it monitored in the 2012 election. Most of those states will receive Justice Department staff who have no statutory authority to access polling sites as a result of a 2013 Supreme Court decision that struck down parts of the Voting Rights Act. I can say from my own experience at the polls today that I encountered fairly long lines. If you are still heading to the polls, take a bottle of water and patience.   At 7 PM Eastern time, (about one hour from now) we start seeing several of the major eastern states close their polls, but it will likely take some time for results. Here are the states you need to watch: New Hampshire, Pennsylvania, North Carolina, and Florida. Moving west, keep an eye on Michigan and maybe even Ohio. Further west, watch Nevada and even Arizona is considered in play this year. If Clinton wins Pennsylvania, where she ...

…..Big rally as Wall Street prices in a Clinton victory. What the bookies and the pollsters predict. Global markets move higher. Oil bounce after a losing streak. Buffett loaded with cash. Oracle wraps up NetSuite. Samsung goes AI. Financial Review by Sinclair Noe for 11-07-2016 DOW + 371 =  18,259 SPX + 46 = 2131 NAS + 119 = 5166 10 Y + .05 = 1.83% OIL + .85 = 44.92 GOLD – 22.80 = 1282.20   Wall Street this week is all about the election. The FBI’s decision to bring no charges against Hillary Clinton appears to be giving some investors peace of mind. At least momentarily; at least enough to break a string of 9 consecutive declines on the S&P 500, the longest losing streak since 1980. It was uncertain whether the FBI announcement came in time to change voters’ minds; it’s estimated that 42 million Americans have already cast early votes. Maybe the best news is that in a little over 24 hours, it will be over. Finally.   Until then, we can look at the bookies and the polling sites. Here is a quick rundown of the foreign bookies – so these are betting odds, not percentage of the vote. PredictIt, an online trading platform jointly run by Victoria University in Wellington, New Zealand, and Washington, D.C.-based political consulting firm Aristotle International Inc: Clinton – 81 percent, Trump – 20 percent. Iowa Electronic Markets, winner-takes-all trading market: Clinton – 71 percent, Trump – 28 percent. UK-based Betfair, ...

…..Economy added 161,000 jobs in October. Unemployment rate 4.9%. U6 unemployment rate 9.5%. Wages up 2.8% year over year. Seventy-three months of job growth. Financial Review by Sinclair Noe for 11-04-2016 DOW – 42 = 17,888 SPX – 3 = 2085 NAS – 12 = 5046 10 Y – .03 = 1.78% OIL – .53 = 44.13 GOLD + 1.80 = 1305.00 The economy added 161,000 jobs in October; slightly below expectations of 175,000. The unemployment rate dropped to 4.9% from 5%. This was largely attributable to the 195,000 Americans that dropped out of the labor force, which brought the labor force participation rate down to 62.8% from 62.9%. The government revised the September report to show 191,000 new jobs were created instead of a previously reported 156,000. August’s gain was raised to 176,000 from 167,000. The 3-month average now stands at 176,000. Job growth has averaged 181,000 per month this year. In October, the year-over-year change was 2.36 million jobs. The U.S. economy has been adding jobs for 73 consecutive months.   Taking into account population growth and an aging work force, economists at the San Francisco Fed estimated the “break-even” point — growth that is sufficient to keep the jobless rate from rising — now ranges from 50,000 to 110,000 jobs a month. Federal Reserve Chairwoman Janet Yellen said the U.S. economy needs to create 100,000 net new jobs monthly in order to absorb new entrants to the labor market.   The biggest lingering weakness in the employment picture is in the ...