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Market Update – Monday 03/18/19 4:00 PM EDT

The SkyNet StockBots battled it out in relatively quiet trading, pushing stocks modestly higher into the close. The DJIA gained 65 points (0.2%) and the NASDAQ tacked on 25 points (0.3%).

Stay tuned as the battle of the SkyNet StockBots continues!

03/22/19 – Tyler Durden: US Budget Deficit Hits A Record $234 Billion As Interest On Debt Soars

Another month, another frightening jump in the US budget deficit. And this time it was a record. According to the latest Treasury data, the US budget surplus in February – traditionally the worst month of the year due to tax refunds – was a whopping $234 billion, missing the $227 billion deficit expected, and well worse than the $214 billion deficit recorded last February. Read More.

Market Update – Friday 03/15/19 4:00 PM EDT

The SkyNet BuyBots wrapped up the week with another strong performance, sending US stocks steadily higher all day long. The DJIA gained 139 points (0.5%), and the NASDAQ added 57 points (0.7%).

The DJIA edged higher by 7 points (0.0%) and the NASDAQ slipped 12 points (0.2%).

Stay tuned as the battle of the SkyNet StockBots continues!

Market Update – Thursday 03/14/19 4:00 PM EDT

After several days of heavy StockBot activity, they took the day off today. Stocks meandered about in a narrow range, closing little changed. The DJIA edged higher by 7 points (0.0%) and the NASDAQ slipped 12 points (0.2%).

Stay tuned as the battle of the SkyNet StockBots continues!

Market Update – Wednesday 03/13/19 4:00 PM EDT

The SkyNet BuyBots had the upper hand in the overnight futures, sending US stocks sharply higher at the open of trading on Wall Street. From there, stocks  zigged and zagged their way to close about where they opened. The DJIA gained 148 points (0.6%), but the NASDAQ surged 52 points (0.7%).

Stay tuned as the battle of the SkyNet StockBots continues!

Market Update – Monday 03/11/19 4:00 PM EDT

The SkyNet BuyBots kicked it into high gear today, sending US stocks sharply higher all day long. The DJIA jumped 200 points (0.8%), and the NASDAQ soared 150 points (2.0%).

Stay tuned as the battle of the SkyNet StockBots continues!

Market Update – Friday 03/08/19 4:00 PM EST

The SkyNet SellBots had the upper hand in the overnight futures, sending US stocks sharply lower at the open of trading on Wall Street. From there, the BuyBots stepped right up and mounted a respectable rally into the close, significantly cutting the day’s losses.

The DJIA closed down 23 points (0.1%), and the NASDAQ dropped 19 points (0.2%).

Stay tuned as the battle of the SkyNet StockBots continues!

03/14/19 – Tyler Durden: Why Despite Disastrous Start, The “World’s Most Bearish Hedge Fund” Is Short Everything

Several years ago, we first described Horseman Capital’s Global Fund, as “the world’s most bearish hedge fund” for a simple reason: of all existing asset managers, Horseman may be the one with the biggest and longest net short in history (during the longest bull market in history). Indeed, as shown in the chart below, after last going net short in 2011, Horseman has gone over 7 years being net bearish the market, with its latest net exposure a whopping -88.14%, and a gross short position an unprecedented 160%. Read More.

Market Update – Thursday 03/07/19 4:00 PM EST

In a replay of yesterday, the SkyNet SellBots keep the pressure on most of the day, sending US stocks to a solidly negative close. The DJIA dropped 200 points (0.8%), and the NASDAQ tanked 84 points (1.2%).

Stay tuned as the battle of the SkyNet StockBots continues!

03/13/19 – Brandon Smith: The Global Economic Reset Begins With An Engineered Crash

For a few years now, since at least 2014, the phrase “global economic reset” has been circulating in the financial world. This phrase is used primarily by globalist institutions like the International Monetary Fund (IMF) to describe an event in which the current system as we know it will either die out or evolve into a new system where “multilateralism” will become the norm. The reset is often described in an ambiguous way. IMF banking elites will usually mention the end results of the shift, but they say little about the process to get there. Read More.

Market Update – Wednesday 03/06/19 4:00 PM EST

 

The SkyNet SellBots keep the pressure on most of the day, sending US stocks to a solidly negative close. The DJIA dropped 133 points (0.5%), and the NASDAQ tanked 70 points (0.9%).

Stay tuned as the battle of the SkyNet StockBots continues!

Market Update – Tuesday 03/05/19 4:00 PM EST

The SkyNet StockBots took the day off, as US stocks zigged and zagged in a narrow range and closed slightly lower. The DJIA edged lower by 13 points (0.1%), and the NASDAQ slipped one point (0.0%).

Stay tuned as the battle of the SkyNet StockBots continues!

Market Update – Monday 03/04/19 4:00 PM EST

The SkyNet SellBots got right to work at the open of trading in New York, sending stocks plunging. Stocks continued the dramatic plunge until precisely 1:00 PM ET (“funny” how that happens)  when the BuyBots kicked in and cut the days’ losses with a rally into the close. The DJIA ended down 207 points (0.8%), and the NASDAQ sank 17 points (0.3%).

Stay tuned as the battle of the SkyNet StockBots continues!

03/08/19 – Tyler Durden: Chinese Stocks Crash As Rare Sell Rating Shocks Traders

The question whether Beijing will tolerate another stock market bubble – one which it appeared to carefully cultivate until now – got an answer on Friday when Chinese stocks crashed, tumbling the most in five months. And it all started with a single sell rating.

The Shanghai Composite tumbled 4.4% to close below the key 3,000 point level, ending an 8 week rally, with the Shenzhen Composite and Chinext all following. Read More.

03/08/19 – Tyler Durden: Goldilocks Is Over: Global Stocks Tumble On Fresh Growth Fears, China Crash

Just days after Goldman warned that the Goldilocks rally is over, a selloff swept across world markets with global stocks set for their biggest weekly drop since December, after a plunge in Chinese stocks set the tone for global markets on Friday, with equities in Europe sliding alongside U.S. futures amid growing concerns about the state of US-China trade negotiations and global growth following yesterday’s ECB shocking GDP downgrade. The yen climbed with gold as investors once again scrambled to buy safe Read More.

Market Update – Friday 03/01/19 4:00 PM EST

The SkyNet BuyBots got to work in the overnight futures session again, sending US stocks sharply higher at the open in New York. From there, stocks zigged and zagged in a narrow range into a solidly higher close. The DJIA gained 110 points (0.4%), and the NASDAQ added 62 points (0.8%).

Stay tuned as the battle of the SkyNet StockBots continues!