Financial Review

Hurricane Truth


Listen Later

…CPI in a sweet spot. Fed will still hike rates. Spending bill might avert shutdown. China-US trade talks: no guarantees. Emerging markets still warrant attention. Trump’s Maria lie. Hurricane Flo arrives. Hurricanes do not stimulate the economy. Financial Review by Sinclair Noe for 09-13-2018 DOW + 147 = 26,145 SPX + 15 = 2904 NAS + 59 = 8013 RUT – 1 = 1714 10Y un = 2.96% OIL – 1.56 = 68.81 GOLD – 5.20 = 1201.90   Apple climbed 2.4 percent and Microsoft added 1.1 percent. Technology companies slumped last week as investors worried about the prospect of heavier regulation for companies like Facebook and Alphabet. The sector has bounced up and down this week, and it is about 1 percent away from the all-time high it set in late August. Qualcomm rose 4 percent after it announced a $16 billion share buyback program. Other chipmakers including Skyworks and Broadcom also rose. They stumbled a day earlier. Flipping the switch, Advanced Micro Devices which jumped 7% yesterday, started today in the green but then reversed, and closed down 5.3%.   Adobe shares fell as much as 1.7 percent in after-hours trading after the company released its third-quarter earnings report. Adobe beat top and bottom line estimates. The company also gave guidance for the fourth quarter that was slightly above estimates. Kroger issued an underwhelming second-quarter earnings report. Shares in Kroger dropped 9.9%. General Motors is recalling 1.2 million pickup trucks and sport utility vehicles worldwide due to issues ...
...more
View all episodesView all episodes
Download on the App Store

Financial ReviewBy Sinclair Noe