Once again the SkyNet SellBots put pressure on US stocks at the open, but it was short-lived. The BuyBots stepped in once again, recovering some of the early sharp losses. The DJIA closed 86 points (0.4%), and the NASDAQ dropped 66 points (1.0%).
Stay tuned as the battle of the SkyNet StockBots continues!
Once again the SkyNet SellBots put pressure on US stocks at the open, but it was short-lived. The BuyBots stepped in once again, sparking another rally into the close, recovering much of the early losses. The DJIA ended down a mere 6 points (0.0%), and the NASDAQ slipped 15 points (0.4%).
Stay tuned as the battle of the SkyNet StockBots continues!
The SkyNet SrockBots took some profits overnight, as the SellBots pushed the overnight futures down, leading to a modest decline at the open of trading on Wall Street. From there, the BuyBots stepped in once again, sparking another rally into the close. The DJIA ended higher by 122 points (0.6%), and the NASDAQ gained 29 points (0.4%).
Stay tuned as the battle of the SkyNet StockBots continues!
Seth Klarman, a hedge fund billionaire some call the next Warren Buffett, wrote a sobering letter warning his investors of the economic impact of global tension, rising debt and the pervasive political divide. Read More.
Lance Roberts, chief investment strategist and chief editor of Real Investment Advice, returns to the podcast with fresh data that suggests the bear market that emerged late last year is still in play.
Ray Dalio, founder of the world’s biggest hedge fund, warned Tuesday on CNBC that there’s a “significant risk” of a possible recession in the U.S. in 2020.
“It’s going to be globally a slow up. It’s not just the United States; it’s Europe; and it’s China and Japan,” the billionaire investment titan said on “Squawk Box” in an interview from the World Economic Forum in Davos, Switzerland. Read More.
In a near-replay of yesterday, US stocks got a nice pop at the open of trading, thanks to the SkyNet BuyBots bidding up the overnight futures. From there stocks zigged and zagged and ended pretty much where they opened. The DJIA ended higher by 92 points (0.4%), and the NASDAQ gained 60 points (0.8%).
Stay tuned as the battle of the SkyNet StockBots continues!
Last week, Morgan Stanley’s chief US equity strategist, Michael Wilson, doubled down on his reputation as one of Wall Street’s biggest bears, when having predicted much of the market turbulence in 2018 – which most of his peers missed – he again warned that with (1) valuations still too high and (2) earnings downside even greater than what has been priced, he expects some further deterioration in US economic data, and thinks “the S&P 500 will suffer a re-test of the lows we experienced in December, but on less negative momentum and better breadth.” Read More.
US stocks got a nice pop at the open of trading, thanks to the SkyNet BuyBots bidding up the overnight futures. From there stocks zigged and zagged and ended pretty much where they opened. The DJIA ended higher by 258 points (1.0%), and the NASDAQ gained 74 points (1.0%).
Stay tuned as the battle of the SkyNet StockBots continues!
Bear markets are usually not as scary as people think. Don’t give up hope.
I’m referring to what many retirees are most afraid of: Running out of money before they die. An Allianz Life survey found that far more retirees are afraid of outliving their money than they are of dying—61% to 39%. This ever-present background fear is especially rearing its ugly head right now, given the bear market that to many came out of nowhere. Read More.
After a year of tapering, the Fed’s balance sheet finally captured the market’s attention during the last three months of 2018.
The SkyNet BuyBots continued the rally today,until precisely 1:00 PM (“funny” how that happens) when the SellBots reappeared and cut the days gains by about one-third into the close. The DJIA ended higher by 98 points (0.4%), and the NASDAQ gained 84 points (1.2%).
Stay tuned as the battle of the SkyNet StockBots continues!
“Take that!,” shouted the SkyNet BuyBots today, as they rallied the troops off the floor and mounted a monstrous rally, more than recovering yesterday’s pummeling. The DJIA jumped 746 points (3.3%), and the NASDAQ soared another 275 points (4.23%).
Stay tuned as the battle of the SkyNet StockBots continues!
LONDON, Jan 17 (Reuters) – Global growth is slowing and the world economy is headed for a recession in 2019 unless something happens to give it renewed momentum.
The OECD’s composite leading indicator fell to just 99.3 points in November, its lowest since October 2012, and down from a peak of 100.5 at the end of 2017. Read More.
Once again, the SkyNet SellBots showed no mercy as the selling continued unabated, with tech darling Apple leading the way with a 10% mini-crash. The DJIA plunged another 660 points (2.3%), and the NASDAQ surrendered another 202 points (3.3%), breaching 6,200.
Stay tuned as the battle of the SkyNet StockBots continues!
When we think of “economic collapse” our imaginations usually lead us immediately to the desperation we’ve witnessed in places like Venezuela or Greece. We think of starvation, a complete lack of medical care, and waves of suicide by people who simply can’t survive. We imagine an apocalyptic societal breakdown that is immediately visible. Read More.
The SkyNet SellBots controlled the overnight futures, sending US stocks sharply lower at the open of trading on Wall Street. But from there, the BuyBots launched a spirited rally, erasing the opening losses and pushing stocks into the green by the close. The DJIA, down 400 points early, ended higher by 19 points (0.1%). The NASDAQ reversed its 100 point opening loss, gaining 30 points (0.4%) at the close.
Stay tuned as the battle of the SkyNet StockBots continues!
US and most global stock markets are closed today to celebrate New Years’ Day.
Don’t get too comfortable with the idea of a sustained rebound in U.S. stocks this year. There are multiple reasons to prepare for a full-blown cyclical bear market in the S&P 500 Index. Read More.
Throughout the market sell-off of the past few months, I’ve been showing key technical levels to help determine if further downside was likely or if the rout was truly over. In late-December, the S&P 500 broke below an important support zone from approximately 2,550 to 2,650 (which formed at the early-2018 lows), which represented a very important technical breakdown. The post-Christmas market bounce, so far, is simply a re-test of this zone, which is now a resistance. Read More.
The SkyNet BuyBots held the advantage of the overnight futures, sending US stocks up sharply at the open of trading on Wall Street. Even the Bots headed for an early exit to New Years’ Eve, as stocks went a net nowhere from there. The DJIA jumped 265 points (1.1%) and the NASDAQ gained 50 points (0.7%).
Stay tuned as the battle of the SkyNet StockBots continues!