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Market Update – Wednesday 07/10/19 4:00 PM EDT

For the fourth day in a row now, the SkyNet SellBots pushed the sell button at the open of trading on Wall Street.sending US stocks lower. From there, stocks zigged and zagged their way higher with a big push from the SkyNet BuyBots following FedHead Powell’s appearance before Congress. The DJIA gained 119 points (0.4%) and the NASDAQ advanced 60 points (0.7%). Gold and Bitcoin also had strong days to the upside.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Tuesday 07/09/19 4:00 PM EDT

For the third day in a row, the SkyNet SellBots pushed the sell button at the open of trading on Wall Street. From there, stocks zigged and zagged in a narrow range in quiet trading. The DJIA ended down 22 points (0.1%) but the NASDAQ advanced 43 points (0.5%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Monday 07/08/19 4:00 PM EDT

In a repeat of last Friday, the SkyNet SellBots pushed the sell button at the open of trading on Wall Street,in reaction to the “good news” on the employment front. From there, stocks zigged and zagged in a narrow range in quiet trading. The DJIA dropped 116 points (0.4%) and the NASDAQ tanked 63 points (0.8%).

Stay tuned as the battle of the SkyNet StockBots continues.

07/14/19 – Tyler Durden: A Bearish Morgan Stanley Doubles Down: Why The Bank Sees The S&P Falling Back

For the past 18 months our call on US equities has been very consistent. After a massive bull run from April 2013 to January 2018, we suggested the US equity market was about to enter a multi-year consolidation during which the S&P 500 would trade in a wide range between 2400-3000. Since then, that range has defined the price action well with the lows in December coming in around 2350 and several attempts at 3000 on the upside that ultimately failed. We now find ourselves at the upper end of that resistance level once again, as shown in Exhibit 1. Just like in January and September last year, there appears to be growing excitement about the possibility of a break out above 3000. Read More.

Market Update – Friday 07/05/19 4:00 PM EDT

The SkyNet SellBots pushed the sell button at the open of trading on Wall Street,in reaction to the “good news” on the employment front. At precisely 10:45 AM (“funny” how that happens), the BuyBots emerged and sparked a rally into the close, cutting the days losses. The DJIA ended down 44 points (0.2%) and the NASDAQ slipped 8 points (0.1%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Tuesday 07/02/19 4:00 PM EDT

The SkyNet StockBots seemed to have already headed to the beach for the Independence Day holiday, as US stocks zigged and zagged in a relatively narrow range in quiet trading. The DJIA edged higher by a single point and the NASDAQ added 17 points (0.2%).

Stay tuned as the battle of the SkyNet StockBots continues.

07/08/19 – Tyler Durden: Goldman Admits The Fed Has Lost Control

Back in January, when Chair Powell unexpectedly U-turned on months of hawkish policy and shocked traders when he said that contrary to what he had said just two weeks prior during the December FOMC press conference, the Fed could be “patient”, rate hikes could, in fact “pause”, and the Fed’s balance sheet reduction is not in fact on “autopilot”, the Powell Put finally emerged for the first time, and the result has been a torrid rally ever since, and the best first half market performance in decades. Read More.

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

 

The SkyNet BuyBots jumped all over the overnight news that the on-again off-again on-again off-again on-again off-again trade deal with China at least temporarily went back to game on. US stocks jumped at the open of trading on Wall Street, but it was mostly downhill from there, The DJIA ended higher by 117 points (0.4%) and the NASDAQ jumped 84 points (1.0%).

Stay tuned as the battle of the SkyNet StockBots continues.

 

Market Update – Thursday 06/27/19 4:00 PM EDT

US stocks zigged and zagged their way to a mixed close in relatively quiet trading today. The DJIA slipped 10 points (0.1%) but the NASDAQ held on to a gain of 58 points (0.7%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Wednesday 06/26/19 4:00 PM EDT

The SkyNet BuyBots gave US stocks a boost at the open of trading on Wall Street today, as the on-again off-again on-again off-again on-again off-again hopes of a trade deal with China at least temporarily went back to game on. But it was all downhill from there, with stocks closing near the lows of the day. The DJIA ended down 11 points (0.1%) but the NASDAQ held on to a gain of 25 points (0.3%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Tuesday 06/25/19 4:00 PM EDT

The SkyNet SellBots ruled the day as renewed fears of conflict with Iran took center stage. US stocks ended near the low of the day with the DJIA dropping 179 points (0.7%) and the NASDAQ plunging 120 points (1.5%).

Stay tuned as the battle of the SkyNet StockBots continues.

07/01/19 – Gregor Stuart Hunter: Roubini Lives Up to ‘Dr. Doom’ Alias With Global Recession Call

The U.S.-China trade war and a spike in oil prices from geopolitical tensions have the potential to push the world into recession next year, according to renowned doomsayer Nouriel Roubini.

“It’s a scary time for the global economy,” the head of Roubini Macro Associates, sometimes known as “Dr. Doom,” said in an interview with Bloomberg TV. He said he expects a recessionary shock to materialize next year. Read More.

Market Update – Monday 06/24/19 4:00 PM EDT

The SkyNet StockBots were quiet again today, as US stocks zigged and zagged their way to a narrowly mixed close. Meanwhile, bonds, gold and bitcoin continued their monster rallies. The DJIA edged higher by 8 points (0.1%) and the NASDAQ slipped 26 points (0.3%).

Stay tuned as the battle of the SkyNet StockBots continues.

06/29/19 – Yun Li (CNBC): 80% of the stock market is now on autopilot

It’s no secret that machines are taking up a bigger and bigger share of investing, but the extent of their influence is approaching shocking proportions. It is as high as 80%, according to one major investing firm.

Passive investments such as index funds and exchange-traded funds control about 60% of the equity assets, while quantitative funds, those which rely on trend-following models instead of fundamental research from humans, now account for 20% of the market share, according to estimates from J.P. Morgan. Read More.