THE FINTECH COWBOYS

UNCLE SEAN'S WEEKLY UPDATE

  Happy Friday!!! It was a short week for many of us with the Columbus Day Holiday this past Monday but action-packed, nonetheless.  Here is the Uncle Sean Update for 10/16/26 (subscribe here for free): The BLS September CPI came in hot at 3.7% YoY (last month was 3.4%) with Core CPI at 2.6% (last month was 2.4%)… YoY Energy Index increased 20.4% (subsector prices for gasoline increased 34.2%, prices for fuel oil rose 74.2%, and airline fares were up 22.4%) – Table 2 of the CPI Report....

  Happy Friday!!! It was fairly light in the news this week (I’m not complaining) as we head into the Columbus Day holiday weekend.  Next week gets busy as we have big bank Q3 earnings announcements, Sept CPI and PPI, as well as The Federal Reserve Beige Book.  Here is the Uncle Sean Update for 10/9/26 (subscribe here for free): Another week and another feature add for Walmart’s OnePay…  This week OnePay Personal Loans has officially launched providing fixed rate personal loans ranging...

  Happy Friday!!! Welcome to the 4th Quarter!!!  Here is the Uncle Sean Update for 10/2/26 (subscribe here for free): The BEA showed August PCE at 3.4% with Core PCE at 3.0% - both below Dow Jones estimates (3.7% and 3.3% respectively) and flat over last month taking into account prior month revisions.  CNBC has a good summary. BEA 3rd estimate of 2Q GDP was revised up to 2.2% (from 1.5% for the second estimate) primarily reflecting upward revisions to investment, consumer spending, and...

  Sixth bank failure of 2026… On 9/25/26, Nano Banc in Irvine, CA (FDIC 58590; total assets $736M; total deposits $686M) was closed by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. Sunwest Bank in Sandy, Utah (FDIC 20164; total assets $4.4B) to assume substantially all deposits and acquire approximately $476M of Nano Banc assets. Per the CA DFPI press release, “The action comes after Nano...

  Happy Friday and Happy Dolly Day ❤️ as 9/25 is Dolly Parton Day: See states, cities hosting celebrations! It’s hard to believe that we are getting ready to kick off 4Q2026 next week!!!  But first, here is the Uncle Sean Update for 9/25/26 (subscribe here for free): Starting off with some macroeconomic news: Well…  The bond markets were not happy this week with treasury yields at multi-decade highs across most of the yield curve. Personally, I loved this LinkedIn post by Neil...

  Happy Friday!!! Here is the Uncle Sean Update for 9/18/26 (subscribe here for free): It’s Fed Week!!!  As expected by many, the FOMC voted unanimously to raise rates by 25 basis points to a new range of 3.75% - 4% citing sticky price inflation, geopolitical concerns, and a strengthening economy. Here is the Transcript of Chairman Warsh’s Press Conference (15 pages) and the Press Conference video (28:42). The Summary of Economic Projections (not policy – just a forecast based on info...

  Happy Friday!!! Remembering 9/11 on this Patriot Day and National Day of Service.  Remembering the souls that were lost and their families; and honoring those who served and continue to serve. Here is the Uncle Sean Update for 9/11/26 (subscribe here for free): The BLS August CPI came in sticky as expected at 3.4% (same as last month) with Core CPI at 2.4% (July was 2.5%).  On a monthly basis, CPI rose 0.4% (up significantly from 0.1% in July) with Core CPI at 0.3% (July was 0.2%).  No...

  Happy Friday and Happy Labor Day Weekend!!! Here is the Uncle Sean Update for 9/4/26 (subscribe here for free): A couple of quick macroeconomic headlines: 💥In a bombshell report, the BLS August Jobs Report showed a very strong +162,000 jobs added (about 3X the Dow Jones estimate of 53K) with unemployment steady at 4.1% as expected. It wasn’t just healthcare and social assistance (+28.4K) hiring this month as job growth was fairly broad.  Food services and drinking places increased by...