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Market Update Thursday 01/16/20

The buying frenzy resumed as the SkyNet BuyBots controlled most of the action on Wall Street today. The DJIA jumped another 267 points (0.9%) and the NASDAQ added 32 points (0.3%).

Stay tuned as the battle of the SkyNet StockBots continues.

001/22/20 – Sven Henrich: Hubris

One day this bull market will end and the age of the central banking enabled debt bubble will be exposed for the hubris that it is and all the sins of “potential side effects” that central bankers warn about but never do anything about will come back to haunt all of us. It’ll be the age of the great unwind. Nobody will tell us in the moment when it peaks and I suspect it will not start with a bang, rather a whimper, but only end with a bang. Read More.

01/21/20 – John P. Hussman: One Tier and Rubble Down Below

One of the striking things about bull markets is that they often end in confident exuberance, while simultaneously deteriorating from the inside. We’ve certainly observed this sort of selectivity during the past year. The market advance in 2019 fully recovered the market losses of late-2018, fueled by a wholesale reversal of Fed policy, hopes for a “phase one” trade deal, and as noted below, a bit of confusion about what actually constitutes “quantitative easing.” Read More.

Market Update Wednesday 01/15/20

The SkyNet StockBots mostly stayed on the sidelines as US stocks zigged and zagged into  a modestly higher close in relatively quiet trading. The DJIA gained 90 points (0.3%) and the NASDAQ added 7 points (0.1%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Tuesday 01/14/20

The SkyNet StockBots mostly stayed on the sidelines as US stocks zigged and zagged into  a mixed close in relatively quiet trading. The DJIA gained 32 points (0.1%) and the NASDAQ slipped 22 points (1.2%).

Stay tuned as the battle of the SkyNet StockBots continues.

01/18/20 – Sven Henrich: Resistance

Does a liquidity driven momentum market that seemingly does not care about valuations, risk, open gaps and technical extensions face any resistance at all? Are there technical limits for a market that goes up every day, every week and every month? History teaches us that there are such limits and I’ll share a few charts to provide some context. Read More.

01/19-20 – Michael Snyder: The Biggest Stock Market “Melt Up” In U.S. History Has Pushed Stock Prices To The More

Over the past several months, we have witnessed one of the greatest stock market rallies in American history. The S&P 500 has gone 70 days in a row without a 1 percent loss, and most weeks we have seen one daily surge after another. If stock prices were exploding because the underlying U.S. economy was performing extremely well, we would have reason to celebrate. Unfortunately, that is not the case at all. Read More.

Market Update Monday 01/13/20

The buying frenzy resumed as the SkyNet BuyBots controlled most of the action on Wall Street today. The DJIA gained 83 points (0.3%) and the NASDAQ surged 95 points (1.5%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Friday 01/10/20

The buying frenzy finally subsided as the SkyNet SellBots controlled most of the action on Wall Street today. The DJIA dropped 133 points (0.3%) and the NASDAQ sank 25 points (0.3%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Thursday 01/09/20

The buying frenzy continued as the SkyNet BuyBots controlled most of the action on  Wall Street today. A brief appearance by the SellBots at mid-day could only make a temporary dent in the rally, as stocks rebounded and closed near the highs of the day. The DJIA jumped another 211 points (0.7%) and the NASDAQ surged 74 points (0.8%).

Stay tuned as the battle of the SkyNet StockBots continues.

01/17/20 – Elena Popina: The Debate Over Whether to Call It QE Is Over, and the Fed Lost

In the court of investor opinion, the verdict is in. The Federal Reserve is guilty of quantitative easing. Never mind that Chairman Jerome Powell tells everyone his efforts to shore up funding markets are “in no sense” QE. Try as policy makers may, they’ve lost the ability to convince people that Treasury purchases aren’t at least partially why the Dow Jones Industrial Average is up almost 4,000 points since late August. Read More.

Market Update Wednesday 01/08/20

With the overnight news of Iran’s missile attacks on US forces stationed in Iraq, the SkyNet SellBots went wild, sending US stock futures sharply lower and gold sharply higher. But with the US response muted and no immediate escalation of hostilities, the BuyBots stormed in and erased all of the overnight panic selling and then some. The DJIA ended higher by 161 points (0.6%) and the NASDAQ gained 61 points (0.6%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update -Tuesday 01/07/20

The SkyNet StockBots took a breather after several days of intense trading, as US stocks zigged and zagged and then drifted lower into the close. The DJIA ended lower by 119 points (0.4%) and the NASDAQ slipped 2 points (0.0%).

Stay tuned as the battle of the SkyNet StockBots continues.

01/14/20 – Investment Research Dynamics: The Fed Is Going All-In To Keep The System From Collapsing

Since September the Fed has increased the size of its balance sheet by $414 billion or 11% in less than four months. It’s the fastest rate at which the Fed has printed money in its history. The Fed insists that this “repo” program is not the reinstatement of “Quantitative Easing.” In one sense the Fed is correct. This money printing program is a direct bailout of the big banks. And now the Fed is proposing to start bailing out hedge funds: Read More.

Market Update -Monday 01/06/20

With all eyes continuing on the events in Syria, the SkyNet SellBots took control in the overnight futures session, sending US stocks sharply lower at the open of trading on Wall Street. From there,  the Plunge Protection Team aka the SkyNet BuyBots jumped right in to quash the sell-off, and started a rally all the way into the close. The DJIA ended higher by 68 points (0.2%) and the NASDAQ gained 50 points (0.5%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update -Friday 01/03/20

Yesterday’s  party turned into a massive hangover headache today, as events in Syria put an end to the New Year’s celebration. The SkyNet SellBots took control in the overnight futures session, sending US stocks sharply lower at the open of trading on Wall Street. From there,  stocks zigged and zagged and ended close to where they opened. The DJIA tumbled up 234 points (0.8%) and the NASDAQ sank 71 points (0.8%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update -Thursday 01/02/20

2020 started with some leftover fireworks as the SkyNet BuyBots gained the upper hand in the overnight futures session and kept right on going to the closing bell. The DJIA jumped  up 330 points (1.1%) and the NASDAQ soared 119 points (1.3%).

Stay tuned as the battle of the SkyNet StockBots continues.