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Market Update – Monday 11/11/19 4:00 PM EDT

The SkyNet SellBots took control in the overnight futures session, sending US stocks sharply higher at the open of trading on Wall Street. From there, the BuyBots took over and mounted a rally into a modestly mixed close. The DJIA ended higher by 10 points (0.0%) and the NASDAQ slipped 11 points (0.1%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Thursday 11/07/19 4:00 PM EDT

The SkyNet BuyBots took control in the overnight futures session, sending US stocks sharply higher at the open of trading on Wall Street. From there, the buying continued until precisely noon EST (“funny” how that happens) when the SellBots stepped in and started a reversal. The DJIA ended higher by 182 points (0.6%) and the NASDAQ added 24 points (0.3%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Wednesday 11/06/19 4:00 PM EST

Again the SkyNet StockBots were mostly quiet and stayed on the sidelines as US stocks zigged and zagged their way to a modestly mixed close. The DJIA broke even and the NASDAQ dropped 24 points (0.3%).

Stay tuned as the battle of the SkyNet StockBots continues.

11/12/19 – TMIN: Guess Who Is Preparing For A Major Stock Market Crash?

Pessimism is spreading like wildfire on Wall Street, and this is particularly true among one very important group of investors. And considering how much money they have, it may be wise to listen to what they are telling us. According to a very alarming survey that was recently conducted by UBS Wealth Management, most wealthy investors now believe that there will be a “significant” stock market decline before the end of next year. Read More.

Market Update – Monday 11/04/19 4:00 PM EST

The SkyNet BuyBots kicked it in to high gear again, pushing US stocks to a record closing high. The DJIA gained 114 points (0.4%) and the NASDAQ added 47 points (0.5%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Friday 11/01/19 4:00 PM EDT

The SkyNet BuyBots kicked it in to high gear as the on-again off-again on-again off-again on-again off-again on-again off-again on-again off-off-again on-again off-again on-again off-again on-again off-again trade talks with China were back on again. The DJIA jumped 301 points (1.1%) and the NASDAQ zoomed 94 points (1.1%).

Stay tuned as the battle of the SkyNet StockBots continues.

11/11/19 – Dr. Ron Paul: Is The ‘Mother of all Bubbles’ About to Pop?

When the New York Federal Reserve began pumping billions of dollars a day into the repurchasing (repo) markets (the market banks use to make short-term loans to each other) in September, they said this would only be necessary for a few weeks. Yet, last Wednesday, almost two months after the Fed’s initial intervention, the New York Federal Reserve pumped 62.5 billion dollars into the repo market. Read More.

Market Update – Thursday 10/31/19 4:00 PM EDT

The SkyNet StockBots quickly reversed yesterday’s late-day rally and more on news that the on-again off-again on-again off-again on-again off-again on-again off-again on-again off-off-again on-again off-again on-again off-again on-again off-again trade talks with China were back off again. The DJIA dropped 140 points (0.5%) and the NASDAQ slipped 12 points (0.1%).

Stay tuned as the battle of the SkyNet StockBots continues.

11/07/19 – Tyler Durden: European Commission Warns Of Dire Future Unless Germany Issue Much More Debt

One day after the IMF, whose former boss is now head of the ECB, warned Europe to “prepare for the worst” and put in place emergency plans for an economic slump strongly urging Europe to implement a major fiscal response (translated: Germany should issue much more debt), the European Commission published its own economic forecasts which as Bloomberg’s Richard Breslow said “make for a dour reading.” Read More.

Market Update – Wednesday 10/30/19 4:00 PM EDT

The SkyNet StockBots stood on the sidelines until, to the surprise of no one, Fed Head Jerome Powell came down from the mountain and proclaimed a 25 basis point rate cut. From there, the SkyNet BuyBots had the edge and pushed stocks higher into the close.  The DJIA ended higher by 115 points (0.4%) and the NASDAQ added27 points (0.3%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Tuesday 10/29/19 4:00 PM EDT

With all eyes as well as computer sensors focused on tomorrow’s Federal Reserve meeting and the 95% assured interest rate cut, the SkyNet StockBots stayed on the sidelines. US stocks zigged and zagged in a relatively narrow range into a modestly lower close. The DJIA dipped 19 points (0.1%) and the NASDAQ dropped 49 points (0.6%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Monday 10/28/19 4:00 PM EDT

The SkyNet BuyBots gained the upper hand int he overnight futures session, leading to sharp gains at the open of trading on Wall Street. The DJIA gained 133 points (0.5%) and the NASDAQ surged 83 points (1.0%).

Stay tuned as the battle of the SkyNet StockBots continues.