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Market Update – Tuesday 01/08/19 4:00 PM EST

US stocks got a nice pop at the open of trading, thanks to the SkyNet BuyBots bidding up the overnight futures. From there stocks zigged and zagged and ended pretty much where they opened. The DJIA ended higher by 258 points (1.0%), and the NASDAQ gained 74 points (1.0%).

Stay tuned as the battle of the SkyNet StockBots continues!

01/20/19 – Mark Hulbert: Why retirees shouldn’t fear a bear market

Bear markets are usually not as scary as people think. Don’t give up hope.

I’m referring to what many retirees are most afraid of: Running out of money before they die. An Allianz Life survey found that far more retirees are afraid of outliving their money than they are of dying—61% to 39%. This ever-present background fear is especially rearing its ugly head right now, given the bear market that to many came out of nowhere. Read More.

Market Update – Monday 01/07/19 4:00 PM EST

The SkyNet BuyBots continued the rally today,until precisely 1:00 PM (“funny” how that happens) when the SellBots reappeared and cut the days gains by about one-third into the close. The DJIA ended higher by 98 points (0.4%), and the NASDAQ gained 84 points (1.2%).

Stay tuned as the battle of the SkyNet StockBots continues!

Market Update – Friday 01/04/19 4:00 PM EST

“Take that!,” shouted the SkyNet BuyBots today, as they rallied the troops off the floor and mounted a monstrous rally, more than recovering yesterday’s pummeling. The DJIA jumped 746 points (3.3%), and the NASDAQ soared another 275 points (4.23%).

Stay tuned as the battle of the SkyNet StockBots continues!

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

 

Once again, the SkyNet SellBots showed no mercy as the selling continued unabated, with tech darling Apple leading the way with a 10% mini-crash. The DJIA plunged another 660 points (2.3%), and the NASDAQ surrendered another 202 points (3.3%), breaching 6,200.

Stay tuned as the battle of the SkyNet StockBots continues!

Market Update – Wednesday 01/02/19 4:00 PM EST

The SkyNet SellBots controlled the overnight futures, sending US stocks sharply lower at the open of trading on Wall Street. But from there, the BuyBots launched a spirited rally, erasing the opening losses and pushing stocks into the green by the close. The DJIA, down 400 points early, ended higher by 19 points (0.1%). The NASDAQ reversed its 100 point opening loss, gaining 30 points (0.4%) at the close.

Stay tuned as the battle of the SkyNet StockBots continues!

01/11/19 – Jesse Columbo: The Market Is Still In A Downtrend

Throughout the market sell-off of the past few months, I’ve been showing key technical levels to help determine if further downside was likely or if the rout was truly over. In late-December, the S&P 500 broke below an important support zone from approximately 2,550 to 2,650 (which formed at the early-2018 lows), which represented a very important technical breakdown. The post-Christmas market bounce, so far, is simply a re-test of this zone, which is now a resistance. Read More.

Market Update – Monday 12/31/18 4:00 PM EST

The SkyNet BuyBots held the advantage of the overnight futures, sending US stocks up sharply at the open of trading on Wall Street. Even the Bots headed for an early exit to New Years’ Eve, as stocks went a net nowhere from there. The DJIA jumped 265 points (1.1%) and the NASDAQ gained 50 points (0.7%).

Stay tuned as the battle of the SkyNet StockBots continues!

01/10/19 – Tyler Durden: The Chart That Convinced Albert Edwards A Recession Is “Imminent”

Over the weekend, we pointed out a concerning statistic: it’s not the rate hikes that stifle economic growth and send stocks sliding that traditionally telegraph the start of a recession – it’s the first rate cut following a tightening cycle that is usually the trigger. Case in point: the last three recessions were all preceded with the Fed cutting, i.e., the Fed loosened policy within three months before the previous three recessions, cutting by 0.25% in 1991, 1.5% in 2001 and 0.5% in 2007. Read More.

Market Update – Friday 12/28/18 4:00 PM EST

It was a relatively calm and quiet trading day on Wall Street, as the SkyNet StockBots battled it out to a narrowly mixed close. The DJIA dropped 76 points (0.4%) and the NASDAQ gained 5 points (0.1%).

Stay tuned as the battle of the SkyNet StockBots continues!

01/09/19 – Tyler Durden: Fitch Threatens To Cut US Credit Rating As Debt-Ceiling Battle Looms

In what has become a perennial exercise before every debt-ceiling showdown since at least Obama’s first term (when S&P did the unthinkable and cut the US’s coveted AAA credit rating, exposing itself to extensive abuse by Tim Geithner), ratings agencies are starting to beat the credit-rating downgrade drum, with Fitch getting a jump on the competition Wednesday when its head of sovereign ratings warned that an enduring shutdown battle could negatively impact the negotiations over the debt ceiling, which could prompt Fitch to join S&P in eliminating its AAA rating for the US. Read More.

Market Update – Thursday 12/27/18 4:00 PM EST

It was another sensational battle of the SkyNet StockBots on Wall Street today. The SellBots commanded the day, sending stocks sharply lower until precisely 2:15 PM (“funny” how that happens), when the Super-Nova BuyBots (a.k.a. the Plunge Protection Team) pounced on the opportunity, delivering another  monstrous Santa Claus relief rally that more than erased the day’s earlier plunge. The DJIA closed higher by 260 points (1.1%) and the NASDAQ gained 25 points (0.4%).

Traders Respond To “Insane” Market Rebound

‘Completely Bizarre’ Stock Moves Leave Traders Scratching Heads

Stay tuned as the battle of the SkyNet StockBots continues!

01/08/19 – Jim Rickards: Here’s Where the Next Crisis Starts

The case for a pending financial collapse is well grounded. Financial crises occur on a regular basis including 1987, 1994, 1998, 2000, 2007-08. That averages out to about once every five years for the past thirty years. There has not been a financial crisis for ten years so the world is overdue. It’s also the case that each crisis is bigger than the one before and requires more intervention by the central banks. Read More.

Market Update – Wednesday 12/26/18 4:00 PM EST

After falling nearly 5,000 DJIA points over the last three months, the SkyNet SellBots finally exhausted themselves and stepped aside  The Super-Nova BuyBots (a.k.a. the Plunge Protection Team) pounced on the opportunity, delivering a monstrous Santa Claus relief rally that more than erased Monday’s massacre.

Mnuchin calls in the “Plunge Protection Team,” and summons the ghost of 2008

U.S. Stocks Surge in Best Rally Since March 2009

Dow rallies 1,000 points, logging its biggest single-day point gain ever

“This Isn’t Normal Price Action”: Was Today’s Historic Surge Just A Bear Market Rally

The DJIA rocketed higher by 1,086 points (5.0%) and the NASDAQ soared 361 points (5.8%).

Stay tuned as the battle of the SkyNet StockBots continues!

01/07/19 – Tyler Durden: IMF Warns World “Dangerously Unprepared” For Upcoming Global Recession

In the starkest warning yet about the upcoming global recession, which some believe will hit in late 2019 or 2020 at the latest, the IMF warned that the leaders of the world’s largest countries are “dangerously unprepared” for the consequences of a serious global slowdown. The IMF’s chief concern: much of the ammunition to fight a slowdown has been exhausted and governments will find it hard to use fiscal or monetary measures to offset the next recession, while the system of cross-border support mechanisms — such as central bank swap lines — has been undermined, warned David Lipton, first deputy managing director of the IMF. Read More.