Financial Review

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…..Yield curve flattens. AHCA widely hated. Trying to close the deal. Markets overvalued. Banks take a hit. Current account deficit falls. Google can’t sell ads on hate sites. Walmart goes Silicon Valley. Apple sells cheap iPad, but don’t take it on a plane. Brit inflation leaps. Goldman Sachs plans to leave the City. Brit banks money laundering for Russia. Marriott adds rooms. Target remodels. Sears fades away. Financial Review by Sinclair Noe for 03-21-2017 DOW – 237 = 20,668 SPX – 29 = 2344 NAS – 107 = 5793 RUT – 37 = 1346 10 Y – .04 = 2.44% OIL – .72 = 47.50 GOLD + 10.30 = 1245.20   The Treasury yield curve reached its narrowest level since the end of February, a possible indicator that investors are losing faith in the “reflation trade.” Yields started falling last week after the Federal Reserve raised interest rates for the second time in three months. Typically, such a move would help push rates higher across the curve to better align with the higher baseline rates. However, the Fed’s reluctance to commit to a faster pace of interest-rate hikes, resulting in a short squeeze, which then lured bond bulls back into the debt market. Long-term rates continued lower over the past two days as congressional Republicans have struggled to secure the support necessary for President Trump’s proposed health-care overhaul bill to make it out of the House of Representatives. A vote on the bill has been set for Thursday. Trump has ...
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Financial ReviewBy Sinclair Noe