Skip to main content

Market Update – Friday 09/27/19 4:00 PM EDT

The SkyNet BuyBots ruled the day, as all things were quiet on the on-again-off-again on-again-off-again on-again-off-again on-again-off-again on-again-off-again US trade war with China front. The DJIA ended higher by 98 points (0.3%) and the NASDAQ gained 60 points (0.7%).

Stay tuned as the battle of the SkyNet StockBots continues.

10/03/49 – Alasdair Macleod: An Inflationary Depression

Financial markets are ignoring bearish developments in international trade, which coincide with the end of a long expansionary phase for credit. Both empirical evidence from the one occasion these conditions existed in the past and reasoned theory suggest the consequences of this collective folly will be enormous, undermining both financial asset values and fiat currencies. Read More.

Market Update – Thursday 09/26/19 4:00 PM EDT

With “all eyes” still on Washington DC and the growing calls for the impeachment of president Donald Trump, the SkyNet SellBots pushed US stock a bit lower in a choppy session. The DJIA dropped 80 points (0.3%) and the NASDAQ surrendered 47 points (0.6%). Gold and US bonds stabilized.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Wednesday 09/25/19 4:00 PM EDT

With “all eyes” supposedly on Washington DC and the growing calls for the impeachment of president Donald Trump, the SkyNet StockBots sided with Alfred E. Newman: “What Me Worry?” The DJIA recovered a bit more than yesterday’s loss, gaining 162 points (0.6%) and the NASDAQ rebounded 83 points (1.0%). Gold and US bonds got whacked.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Tuesday 09/24/19 4:00 PM EDT

The SkyNet BuyBots rallied US stocks in the overnight futures, leading to a positive open of trading on Wall Street. But it was all downhill form there, as the on-again off-again trade US-China trade war was back in off-again mode. The DJIA dropped 142 points (0.5%) and the NASDAQ plunged 119 points (1.5%). Gold and US bonds resumed their rallies.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Monday 09/23/19 4:00 PM EDT

The SkyNet StockBots took the day off as US stocks zigged and zagged in a narrow range into a mixed close. The DJIA gained 14 points (0.1%) but the NASDAQ slipped 5 points (0.1%). Gold and US bonds resumed their rallies.

Stay tuned as the battle of the SkyNet StockBots continues.

09/30/19 – Brandon Kochkodin: Negative Rates Are Rewriting the Rules of Modern Finance

Negative interest rates have quite literally broken one of the pillars of modern finance. As economists and central bankers weigh the pros and cons of sub-zero rates and their impact on the world, traders have been contending with a rather more mundane, but fundamental issue: How to price risk on trillions of dollars of financial instruments like interest-rate swaps when their complex mathematical models simply don’t work with negative numbers. Read More.

09/23/19 – Suzanne Woolley: The World’s Wealthiest Families Are Stockpiling Cash as Recession Fears Grow

Rick Stone, a former partner at Cadwalader, Wickersham & Taft, sees treacherous times ahead for family offices trying to deploy cash. The head of Stone Family Office said he doubts the bond market will provide any real return over the next decade, that equity markets will suffer a substantial drop and then be flat, and that too much venture capital and private equity money will continue to chase too few opportunities. Read More.

Market Update – Friday 09/06/19 4:00 PM EDT

The SkyNet StockBots took the day off as US stocks zigged and zagged in a narrow range into a mixed close.

The DJIA gained 69 points (0.3%) but the NASDAQ slipped 13 points (0.2%). Gold and US bonds continued to pull back from their recent sharp gains.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Thursday 09/05/19 4:00 PM EDT

The on-again off-again trade war with China was back in off-again mode today as the SkyNet BuyBots ignited a monster rally in the overnight futures trading, sending US stocks sharply higher at the open of trading on Wall Street. From there, stocks zigged and zagged and added a bit more ground into the close. The DJIA jumped 372 points (1.4%) and the NASDAQ surged 140 points (1.7%). Gold and US bonds finally pulled back from their recent sharp gains.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Wednesday 09/04/19 4:00 PM EDT

US stocks recovered from yesterday’s steep losses as the on-again off-again trade war with China was back in off-again mode. The SkyNet BuyBots gained the upper hand in the overnight futures trading, sending US stocks sharply higher at the open of trading on Wall Street.From there, stocks zigged and zagged their way a bit higher into the close. The DJIA gained 237 points (0.9%) and the NASDAQ jumped 102 points (1.3%). Yet again gold and US bonds extended their recent moves higher.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update – Tuesday 09/03/19 4:00 PM EDT

The SkyNet SellBots gained the upper hand in the overnight futures trading, sending US stocks sharply lower at the open of trading on Wall Street.From there, stocks zigged and zagged their way with little direction into the close. The DJIA plunged 285 points (1.0%) and the NASDAQ tanked 88 points (1.0%). Gold and US bonds extended their recent moves higher.

Stay tuned as the battle of the SkyNet StockBots continues.

09/23/19 Lance Roberts: The Disconnect Between The Markets & Economy Has Grown

A couple of years ago, I wrote an article discussing the disconnect between the markets and the economy. At that time, the Fed was early into their rate hiking campaign. Talks of tax cuts from a newly elected President filled headlines, corporate earnings were growing, and there was a slew of fiscal stimulus from the Government to deal with the effects of 3-major hurricanes and 2-devastating wildfires. Now, the Fed is cutting rates, so it is time to revisit that analysis. Read More.