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Market Update Monday 01/27/20

With all eyes still on the US Senate and the impeachment trial of Donald Trump as well as the developing story about the Chinese Coronavirus spreading to other locations, the SkyNet SellBots dominated the day again, sending US stocks sharply lower. The DJIA plunged 453 points (1.6%) and the NASDAQ tanked 175 points (1.9%).

Stay tuned as the battle of the SkyNet StockBots continues.

01/31/20 – Tyler Durden: Chicago PMI Plunges To Lowest In 4 Years

After slumping into year-end, Regional Fed surveys have (surprisingly) exploded higher this month with Richmond and Philly surveys spiking almost by the most on record. Today’s Chicago PMI was expected to follow suit – though less excitedly – with a modest gain but instead it missed massively, plunging to its lowest since Dec 2015 – printing 42.9 vs 48.9 expectations. Read More.

Market Update Friday 01/24/20

With all eyes still on the US Senate and the impeachment trial of Donald Trump as well as the developing story about the Chinese Coronavirus spreading to other locations, the SkyNet SellBots dominated the day, sending US stocks sharply lower. The DJIA dropped 170 points (0.6%) and the NASDAQ tanked 88 points (0.9%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Thursday 01/23/20

With all eyes still on the US Senate and the impeachment trial of Donald Trump as well as the developing story about the Chinese Coronavirus spreading to other locations, US stocks zigged and zagged and closed narrowly mixed again. The DJIA slipped 26 points (0.1%) and the NASDAQ gained 18 points (0.2%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Wednesday 01/22/20

With all eyes on the US Senate and the impeachment trial of Donald Trump, US stocks zigged and zagged and closed narrowly mixed. The DJIA slipped 9 points (0.1%) and the NASDAQ edged higher by 13 points (0.1%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Tuesday 01/21/20

With all eyes on the US Senate and the impeachment trial of Donald Trump, the SkyNet SellBots controlled most of the action on Wall Street today. The DJIA dropped 152 points (0.5%) and the NASDAQ slipped 18 points (0.2%).

Stay tuned as the battle of the SkyNet StockBots continues.

01/27/20 – Jack Kelly: The Coronavirus Is A Black Swan Event That May Have Serious Repercussions For The U.S. Economy And Job Market

A black swan event is a term used on Wall Street that refers to a rare and unpredictable occurrence that is beyond what is expected and has severe consequences. It’s derived from European explorers who had previously thought that all swans were white and only white, as that was all they knew. They were overcome with shock and confusion when Dutch explorer Willem de Vlamingh discovered the existence of black swans in Australia. Read More.

01/24/20 – Tyler Durden: World’s Richest Are Stashing ‘Large Sums’ Of Cash In Vaults As Swiss Bankers Rage

Finally, somebody at Davos is talking about something other than the weather. Davos’s wealthiest denizens have reportedly been laser-focused on the issue of climate change and it’s potential impact on the global economy and markets this year – and the Trump vs. Greta drama has only stoked interest – but apparently at least one of the hundreds of reports combing the town’s ritzy resorts has found a couple of bankers willing to discuss what’s really bothering the industry. Read More.

Market Update Friday 01/17/20

The buying frenzy resumed as the SkyNet BuyBots controlled most of the action on Wall Street today. The DJIA tacked on another 50 points (0.2%) and the NASDAQ surged 98 points (1.6%).

Stay tuned as the battle of the SkyNet StockBots continues.

01/24/20 – Tyler Durden: 6 Signs That The Market Top Has Arrived

While he clearly did not factor in for the slight possibility that Armageddon may have started when an unknown connoisseur ate bat soup in Wuhan, confirming that a black bat was more unpredictable than a black swan…

… Bank of America’s Michael Hartnett is starting to look at the exit signs.

Having been correct in his late-2019 prediction that the market meltup will take the S&P500 to 3,333 (however not by March 3, but rather mid-January), Hartnett summarizes the current sentiment as follows: sell-side all “melt-up bullish”, buy-side all “it’s a bit toppy” and notes that as his former bullishness is fades, he “would buy puts as SPX approaches 3,500 (PE 20x).” Read More.

Market Update Thursday 01/16/20

The buying frenzy resumed as the SkyNet BuyBots controlled most of the action on Wall Street today. The DJIA jumped another 267 points (0.9%) and the NASDAQ added 32 points (0.3%).

Stay tuned as the battle of the SkyNet StockBots continues.

01/22/20 – Brandon Smith:The Corporate Debt Bubble Is A Train Wreck In Slow Motion

There are two subjects that the mainstream media seems specifically determined to avoid discussing these days when it comes to the economy – the first is the problem of falling global demand for goods and services; they absolutely refuse to acknowledge the fact that demand is going stagnant and will conjure all kinds of rationalizations to distract from the issue. The other subject is the debt bubble, the corporate debt bubble in particular. Read More.

001/22/20 – Sven Henrich: Hubris

One day this bull market will end and the age of the central banking enabled debt bubble will be exposed for the hubris that it is and all the sins of “potential side effects” that central bankers warn about but never do anything about will come back to haunt all of us. It’ll be the age of the great unwind. Nobody will tell us in the moment when it peaks and I suspect it will not start with a bang, rather a whimper, but only end with a bang. Read More.

01/21/20 – John P. Hussman: One Tier and Rubble Down Below

One of the striking things about bull markets is that they often end in confident exuberance, while simultaneously deteriorating from the inside. We’ve certainly observed this sort of selectivity during the past year. The market advance in 2019 fully recovered the market losses of late-2018, fueled by a wholesale reversal of Fed policy, hopes for a “phase one” trade deal, and as noted below, a bit of confusion about what actually constitutes “quantitative easing.” Read More.

Market Update Wednesday 01/15/20

The SkyNet StockBots mostly stayed on the sidelines as US stocks zigged and zagged into  a modestly higher close in relatively quiet trading. The DJIA gained 90 points (0.3%) and the NASDAQ added 7 points (0.1%).

Stay tuned as the battle of the SkyNet StockBots continues.