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Market Update – Friday 08/30/19 4:00 PM EDT

The SkyNet StockBots took off early for the long holiday weekend as US stocks zigged and zagged their way to a narrowly mixed close. The DJIA gained 41 points (0.1%) but the NASDAQ slipped 10 points (0.1%). Gold and US bonds dropped a bit following their recent moves higher.

Stay tuned as the battle of the SkyNet StockBots continues.

09/06/19 – Elena Popina: A Year After Armageddon, Stock Traders Stare Into a Familiar Abyss

(Bloomberg) — Nobody knew it then, but this time last year, the rallying U.S. stock market was about to begin a plunge that would erase $5 trillion from share values and convince a lot of people a recession was at hand. Then, as now, a trade war was raging, earnings in doubt and manufacturing losing steam. In the stock market, swings were getting violent — even as the S&P 500 was pulling itself over 2,900 and flirting with an all-time high. Fast-forward to today, and the picture bears an eerie similarity. Read More.

Market Update – Thursday 08/29/19 4:00 PM EDT

The SkyNet BuyBots gained the upper hand in the overnight futures trading, sending US stocks sharply higher at the open of trading on Wall Street. From there, stocks went a net nowhere and closed near the opening highs. The DJIA jumped 326 points (1.2%) and the NASDAQ surged 116 points (1.5%). Gold and US bonds dropped a bit following their recent moves higher.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Wednesday 08/28/19 4:00 PM EDT

The SkyNet SellBots gained the upper hand in the overnight futures trading, sending US stocks lower at the open of trading on Wall Street. From there, the BuyBots immediately stepped and sent stock higher almost all day long. The DJIA jumped 258 points (1.0%) and the NASDAQ added 30 points (0.4%). Gold and US bonds paused after their recent moves higher.

Stay tuned as the battle of the SkyNet StockBots continues.

09/03/19 – Tyler Durden The Last Time SocGen’s Newsflow Indicator Was Here, The Market Was About To Crash

With the drumbeat of a looming recession growing louder by the day – whether due to ongoing trade war or the late-cycle slowdown which finally pushed the all-important US mfg ISM into contraction today – and prompting banks such as UBS to drastically slash their GDP forecast to a whisker above recession in H1 2020, it’s just a matter of time before the chorus turns universally pessimistic. Read More.

09/02/19 – Michael Snyder: 28 Signs Of Economic Doom As The Pivotal Month Of September Begins

Since the end of the last recession, the outlook for the U.S. economy has never been as dire as it is right now. Everywhere you look, economic red flags are popping up, and the mainstream media is suddenly full of stories about “the coming recession”. After several years of relative economic stability, things appear to be changing dramatically for the U.S. economy and the global economy as a whole. Read More.

Market Update – Tuesday 08/27/19 4:00 PM EDT

The SkyNet BuyBots gained the upper hand in the overnight futures trading, sending US stocks higher at the open of trading on Wall Street. From there, it was mostly downhill into  the close. The DJIA dropped 121 points (0.5%) and the NASDAQ gave back 27 points (0.3%). Gold and US bonds continued their moves higher.

Stay tuned as the battle of the SkyNet StockBots continues.

09/01/19 – Michael Snyder: If The Debt Machine Was Turned Off, The U.S. Would Immediately Plunge Into A Horrifying Depression

A new study has discovered that we are far more dependent on America’s great debt creation machine than most of us would have ever dared to imagine. Today, debt is involved in most of our major transactions. In order to purchase a home, most of us go into debt. The same thing is true when most of us buy a vehicle. Total credit card debt is well over a trillion dollars, and total student loan debt is now over a trillion and a half dollars.Read More.

08/28/19 – Michael Lebowitz: The Mechanics of Absurdity

Over the past few decades, the central banks, including the Federal Reserve (Fed), have relied increasingly on interest rates to help modify economic growth. Interest rate management is their tool of choice because it can be effective and because central banks regulate the supply of money, which directly effects the cost to borrow it. Lower interest rates incentivize borrowers to take on debt and consume while dis-incentivizing savings. Read More.

Market Update – Monday 08/26/19 4:00 PM EDT

Following Friday’s free-fall, and the weekend to cool off, the SkyNet BuyBots came out in full force and launched a solid rally on Wall Street today. The DJIA rebounded 270 points (1.0%) and the NASDAQ rallied 102 points (1.3%). Gold and US bonds moved higher yet again.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Thursday 08/22/19 4:00 PM EDT

The SkyNet BuyBots bid up prices before the open of trading on Wall Street, sending US stocks higher. From there, the StockBots battled it out leading to a mixed close. The DJIA ended higher by 49 points (0.2%) and the NASDAQ dropped 29 points (0.3%).

Stay tuned as the battle of the SkyNet StockBots continues.