Skip to main content

Market Update Tuesday 12/22/20

It was another widely mixed performance on Wall Street, as the SkyNet SellBots sold the Blue Chips and the BuyBots bought tech. The DJIA ended lower 201 points (0.7%) and the NASDAQ gained 65 points (0.5%). Silver lead the way lower, giving back yesterday’s gains and more.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Monday 12/21/20

The SkyNet SellBots took control in the overnight futures session, sending US stocks sharply lower, at the open of trading on Wall Street. The SkyNet BuyBots came to the rescue at 10:15 AM EST, mounting a steady recovery leading to a mixed close. The DJIA ended higher by 37 points (0.1%) and the NASDAQ slipped 13 points (0.1%). Silver lead the way higher in the precious metals sector.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Friday 12/18/20

The SkyNet SellBots took control in the overnight futures session, sending US stocks lower at the open of trading on Wall Street. A last minute appearance by the SkyNet BuyBots cut the day’s losses in the day. The DJIA ended down 124 points (0.4%) and the NASDAQ slipped 9 points (0.1%). Gold and silver slipped a notch.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Thursday 12/17/20

The SkyNet BuyBots took control in the overnight futures session, sending US stocks sharply higher at the open of trading on Wall Street. From there, stocks held their ground and zigged and zagged into the close. The DJIA gained 149 points (0.5%) and the NASDAQ jumped another 106 points (0.8%). Gold and silver jumped again.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Wednesday 12/16/20

It was another split decision on Wall Street, as the SkyNet BuyBots pushed tech stocks higher and the SellBots pushed the Industrials lower. The DJIA dropped 45 points (0.2%) and the NASDAQ gained another 63 points (0.5%). Gold and silver jumped again.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Tuesday 12/15/20

Again, the SkyNet BuyBots took control in the overnight futures session, sending US stocks sharply higher at the open of trading on Wall Street. From there, stocks zigged and zagged and then rallied into the close. The DJIA surged 337 points (1.1%) and the NASDAQ gained 155 points (1.2%). Gold and silver jumped.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Monday 12/14/20

The SkyNet BuyBots took control in the overnight futures session, sending US stocks sharply higher at the open of trading on Wall Street. But the SellBots quickly moved in and put a damper on the rally. From there, stocks zigged and zagged into a mixed close. The DJIA dropped 185 points (0.6%) but the NASDAQ gained 62 points (0.5%). Gold and silver were mixed.

Stay tuned as the battle of the SkyNet StockBots continues.

12/19/20 – David Stockman: Unhinged….. And Then Some!

Jerome Powell puts you in mind of the boy who killed both of his parents and then threw himself on the mercy of the court on the grounds that he was an orphan! That’s what JayPo essentially did in his presser yesterday while trying to explain that the most hideous equity market bubble in history is actually not that at all. Read More.

12/18/20 – Charles Hugh Smith: What Would Happen If the Fed Ceased to Exist?

Extremes get more extreme until risk breaks out; then the reversal will be as extreme as the bubble expansion. What would happen if the Federal Reserve ceased to exist? We all know the answer: global markets would instantly collapse and the global financial system, now entirely dependent on Fed stimulus, intervention, manipulation, free money for financiers and endless printing of trillions of dollars out of thin air, would crash, leaving nothing but a steaming, fetid pile of corruption infested by the cockroaches scurrying around gobbling up the few crumbs left. Read More.

Market Update Friday 12/11/20

Again, the SkyNet SellBots took control in the overnight futures session, sending US stocks sharply lower at the open of trading on Wall Street. But the BuyBots bought right in and halted the decline. From there, stocks zigged and zagged into a mixed close.  The DJIA gained 47 points (0.1%) and the NASDAQ slipped 28 points (0.2%). Gold and silver edged higher.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Thursday 12/10/20

The SkyNet SellBots took control in the overnight futures session, sending US stocks sharply lower at the open of trading on Wall Street. But the BuyBots bought right in and halted the decline. The star of the day, the Airbnb IPO, took center stage and carried the NASDAQ with it.

Airbnb stock more than doubles after IPO, making it worth more than rival Booking

 The DJIA dropped 70 points (0.2%) and the NASDAQ rebounded 67 points (0.5%). Gold and silver stabilized.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Wednesday 12/09/20

US stocks got a bit of a bounce  out of the gate but things quickly turned south. At precisely 10:00 AM EDT (“funny ” how that happens), the SkyNet took control, sending stocks sharply lower into the close. The DJIA dropped 105 points (0.4%) and the NASDAQ plunged 244 points (1.9%). Gold and silver got whacked, smacked and jacked.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Tuesday 12/08/20

 

US stocks struggled a bit to get out of the gate but quickly gained traction and slowly but steadily rallied into the close. The DJIA gained 104 points (0.3%) and the NASDAQ gained 63 points (0.5%). Gold and silver gained more ground.

Stay tuned as the battle of the SkyNet StockBots continues.

12/12/20 – Doug French: The Weirdest, Most Distorted Economy Ever

Between the Federal Reserve, Congress, and covid, navigating the business cycle is equivalent to sneaking through a house of mirrors. The stock market is making new highs as unemployment rates do the same. Thousands line up for free food and soon will do the same to be vaccinated. The nation’s governors tighten restrictions by the day while the Federal Reserve remains loose in its monetary operations. Read More.

12/12/20 – Greg Hunter: Rick Ackerman – Second Great Depression Starts in 2021

Analyst, professional trader and financial writer Rick Ackerman likes gold and silver too, but not because he sees explosive price rises. He likes precious metals because they are solid core investments. They work well in inflation or deflation. They are rugged and will work no matter what comes. Ackerman thinks what is coming will be far worse than the Great Depression, “I call it the ‘Second Great Depression.’ . . .

Market Update Friday 12/04/20

The SkyNet BuyBots took control in the overnight futures session, sending US stocks sharply higher at the open of trading on Wall Street. From there, stocks zigged and zagged to close near the highs of the day. The DJIA gained 248 points (0.8%) and the NASDAQ gained 87 points (0.7%). Gold and silver held steady.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Thursday 12/03/20

It was a relatively quiet day of trading as US stocks opened flat and then zigged and zagged into a modestly higher close. The DJIA ended higher by 86 points (0.3%) and the NASDAQ tacked on 27 points (0.2%). Gold and silver rallied again.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Wednesday 12/02/20

In a reversal of yesterday’s action, the SkyNet SellBots took control in the overnight futures session, sending US stocks sharply lower at the open of trading on Wall Street. From there, stocks zigged and zagged into the close. The DJIA closed higher by 59 points (0.2%) and the NASDAQ slipped 5 points (0.0%). Gold and silver rallied.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Tuesday 12/01/20

US stocks rebounded from yesterday’s sell-off, as the SkyNet BuyBots took control in the overnight futures session, sending US stocks sharply higher at the open of trading on Wall Street. Again, stocks diverged shortly after the open, with the Blue Chips giving up some of the early gains, and the NASDAQ holding its ground. The DJIA closed higher by 185 points (0.6%) and the NASDAQ rallied 156 points (1.3%). Gold and silver rallied strongly.

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update Monday 11/30/20

The SkyNet SellBots returned from Thanksgiving and gobbled up the action in the overnight futures session, sending US stocks sharply lower at the open of trading on Wall Street. From there, stocks diverged, with the NASDAQ bouncing and the Blue Chips treading water. The DJIA ended down 272 points (0.9%) and the NASDAQ slipped 7 points (0.1%). Gold and silver got whacked again but recovered into the close.

Stay tuned as the battle of the SkyNet StockBots continues.