Wednesday, May 18, 2016

Another Skynet Ground And Pound

Stocks got hammered 20 points off of the highs based on prospects for an improving economy. All this time I thought bad news was going to implode this fabrication, but it turns out that good news is going to explode it instead...

Based on the flat close, one would be tempted to think that nothing whatsoever happened today. However, the Fed minutes released at 2pm hinted at a rate hike in June which monkey hammered Emerging Markets, Oil, Commodities, Energy stocks and Materials. 

Skynet defended 2040 all day on heavier than recent volume:
How long until Skynet figures out that the trend is down again? I mean what timezone...



Retail continued to implode as Target was the latest casualty of the jobless consumer moving in with the Sasquatch:


Financials caught a late cycle bid on fake rate hike expectations...


Oil reversed hard today...



The low volatility fund continued to implode amid rising volatility...


Mind the gap 'n Trap: