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Turkey Melt

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Archived series ("Inactive feed" status)

When? This feed was archived on February 14, 2020 06:07 (4+ y ago). Last successful fetch was on August 30, 2019 01:18 (5y ago)

Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.

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Manage episode 214864156 series 127216
Content provided by Sinclair Noe. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sinclair Noe or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

…Stocks slide into the end of earnings season. Turkey melts down. 2008 – lasting damage. Student loan defaults grow. Tesla not quite secure. Wells Fargo, again. Def Con’s Vegas weekend. Financial Review by Sinclair Noe for 08-13-2018 DOW – 125 = 25,187 SPX – 11 = 2821 NAS – 19 = 7819 RUT – 11 = 1675 10 Y + .02 = 2.88% OIL + .18 = 67.38 GOLD – 18.10 = 1194.10 The Dow and the S&P 500 index are now down for 4 consecutive trading sessions. Markets have almost worked through earnings reporting season, and prices made a good run at the previous highs from February but were unable to break out. The question is whether prices will make another run at the old highs. The S&P seems to have strong support right around 2800 – or 2803 to be more precise. Blockbuster earnings growth has offset rising concern on Wall Street about Trump’s trade wars and crises in emerging markets, such as Turkey. Fat profits at S&P 500 companies are on track to spike by nearly 25% during the second quarter. That would tie the first quarter for the fastest growth since 2010, according to FactSet. Ten of the 11 S&P 500 sectors increased profits by double-digits during the second quarter, led by surging growth from energy companies thanks to vastly higher oil prices. The earnings results have been better than anticipated: 79% of S&P 500 companies have beaten Wall Street’s expectations. That would be the ...

The post Turkey Melt appeared first on Eat the Bankers.com.

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300 episodes

Artwork

Turkey Melt

Financial Review

13 subscribers

published

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Archived series ("Inactive feed" status)

When? This feed was archived on February 14, 2020 06:07 (4+ y ago). Last successful fetch was on August 30, 2019 01:18 (5y ago)

Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 214864156 series 127216
Content provided by Sinclair Noe. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sinclair Noe or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

…Stocks slide into the end of earnings season. Turkey melts down. 2008 – lasting damage. Student loan defaults grow. Tesla not quite secure. Wells Fargo, again. Def Con’s Vegas weekend. Financial Review by Sinclair Noe for 08-13-2018 DOW – 125 = 25,187 SPX – 11 = 2821 NAS – 19 = 7819 RUT – 11 = 1675 10 Y + .02 = 2.88% OIL + .18 = 67.38 GOLD – 18.10 = 1194.10 The Dow and the S&P 500 index are now down for 4 consecutive trading sessions. Markets have almost worked through earnings reporting season, and prices made a good run at the previous highs from February but were unable to break out. The question is whether prices will make another run at the old highs. The S&P seems to have strong support right around 2800 – or 2803 to be more precise. Blockbuster earnings growth has offset rising concern on Wall Street about Trump’s trade wars and crises in emerging markets, such as Turkey. Fat profits at S&P 500 companies are on track to spike by nearly 25% during the second quarter. That would tie the first quarter for the fastest growth since 2010, according to FactSet. Ten of the 11 S&P 500 sectors increased profits by double-digits during the second quarter, led by surging growth from energy companies thanks to vastly higher oil prices. The earnings results have been better than anticipated: 79% of S&P 500 companies have beaten Wall Street’s expectations. That would be the ...

The post Turkey Melt appeared first on Eat the Bankers.com.

  continue reading

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