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Market Update – Thursday 03/28/19 4:00 PM EDT

The SkyNet StockBots battled it out in a classic trading day. The SellBots ruled the morning, sending stocks sharply lower until  the BuyBots jumped into action, sending stocks higher and into the close. The DJIA gained 91 points (0.3%) and the NASDAQ ended higher by 25 points (0.3%).

Stay tuned as the battle of the SkyNet StockBots continues!

Market Update – Wednesday 03/27/19 4:00 PM EDT

The SkyNet StockBots battled it out in a classic trading day. The SellBots ruled the morning, sending stocks sharply lower until precisely 11:45 AM EDT (“funny” how that happens) when the BuyBots jumped into action, sending stocks higher and cutting the day’s losses into the close. The DJIA lost 32 points (0.2%) and the NASDAQ ended down by 48 points (0.6%).

Stay tuned as the battle of the SkyNet StockBots continues!

Market Update – Tuesday 03/26/19 4:00 PM EDT

The SkyNet BuyBots ruled the morning session, sending US stocks sharply higher until precisely 11:00 AM EDT (“funny” how that happens) when the SellBots jumped into action, sending stocks lower and cutting the day’s gains into the close. The DJIA closed up  141 points (0.4%) and the NASDAQ gained 54 points (0.6%).

Stay tuned as the battle of the SkyNet StockBots continues!

04/01/19 – Tyler Durden: Retail Sales Unexpectedly Tumble In February – Larry Kudlow Was Wrong

After January’s much-heralded rebounded from December’s “well it can’t be real” plunge, retail sales were expected to continue the rebound in February (albeit at a slower pace) but they did not – disappointing gravely.

Against expectations of a 0.2% rise, headline retail sales dropped 0.2% MoM in February (exaggerated by strong upward revisions) and core retail sales (ex-auto and gas) tumbled 0.6% MoM. Read More.

Market Update – Monday 03/25/19 4:00 PM EDT

Unable to rebound from Friday’s smashing, US stocks zigged and zagged in a relatively narrow range, leading to a mixed close. The DJIA advanced 14 points (0.1%) and the NASDAQ slipped 5 points (0.1%).

Stay tuned as the battle of the SkyNet StockBots continues!

Market Update – Friday 03/22/19 4:00 PM EDT

In yet another reversal of the previous day’s trading action, the SkyNet SellBots kicked in the turbocharger and applied unrelenting sell pressure all day long. Seems Fed Head Powell’s statements on Tuesday have been re-re-reevaluated and the forecast for weak economic growth is not good news after all. The DJIA plunged 460 points (1.8%) and the NASDAQ got smashed for 196 points (2.5%).

Stay tuned as the battle of the SkyNet StockBots continues!

Market Update – Thursday 03/21/19 4:00 PM EDT

The SkyNet BuyBots ruled the day, fueled by “reinterpretation” of Fed Head Powell’s remarks yesterday. The DJIA recovered all of yesterday’s losses and a bit more, closing higher by 217 points (0.8%) but the NASDAQ jumped 110 points (1.4%).

Stay tuned as the battle of the SkyNet StockBots continues!

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

The SkyNet StockBots battled it out again in relatively quiet trading, pushing stocks into a mixed close. The DJIA dropped 27 points (0.1%) and the NASDAQ advanced 9 points (0.1%).

Stay tuned as the battle of the SkyNet StockBots continues!

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

The SkyNet StockBots battled it out again in relatively quiet trading, pushing stocks into a mixed close. The DJIA dropped 27 points (0.1%) and the NASDAQ advanced 9 points (0.1%).

Stay tuned as the battle of the SkyNet StockBots continues!

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!