Gene Peroni's Daily Podcast

Portfolio shuffling continues at a pretty swift pace in anticipation of the policies that are expected to be enacted by the Trump administration when President Trump takes office on January 20th. 

It is not unusual to see the BMF momentum leaders garnering all the attention and certainly being the market focus but there are times..

Technical indications continue to argue for further volatility over the short run possibly leading into Thanksgiving and beyond. 

In recent sessions, a number of the high profile growth stocks failing to make higher highs, this could act as a triggering mechanism for some selling over the near term. 

The Dow Jones Industrial average and the S&P 500, pulling back from their recently conquered millennium levels; 44,000 and 6,000. 

Since election day, the trends that had been in place in the stock market have been generally enhanced not altered meaningfully. Two examples of that are the Financials and Aerospace and Defense. 

Month's ago Gene predicted that this "Bull market" would become a G.O.A.T. Spoiler alert....

Some are dubbing yesterday's big rally on Wall Street as the "Trump Bump". Gene discusses trends that had been developing over time. 

Donald Trump wins the presidential election and the stock market is responding this morning. 

The stock market is likely to find some relief with the uncertainty surrounding the presidential race outcome no longer looming. 

The S & P 400 Mid Cap Index is within 3 basis points of the performance of the  S & P 500 quarter to date that is as of last Fridays closing.  

October did finish with somewhat of a down and dirty retreat especially as it pertained to the more aggressive growth areas of the market specifically technology.

It is Halloween and the stock market could be serving up more tricks than treats. 

Gene gives thanks to everyone that reached out congratulating him on his 50 years in the business. He also comments on the market's rotational behavior as the month of October is coming to an end. 

Today marks Gene's 50th year anniversary in this business specifically in the areas of Technical Analysis and portfolio management. Gene discusses market trends through out the years. 

With just 8 days remaining, the stock market does not appear to be toiling over the election outcome. 

The major market indexes have been moderately rolling into consolidation over the last several weeks. This trend could likely continue into November.

The latest American Association of Individual Investors survey shows that Bullish consensus has fallen from last week's level at 45.5% to this week reading of 37.7%.

Inflation has re-emerged on Wallstreet and interest rates have been ticking higher in recent sessions. Some investors have concerns that perhaps the Fed had acted prematurely in lowering interest rates recently. 

The stock market does not seem to be reflecting hesitation or trepidation ahead of the elections just two weeks away. 

With the Dow S&P 500 and S&P 400 Mid Cap Index at or near their respective highs, some investors may be suffering from a case of acrophobia. 

Gene discusses the month of October and it's expansive trading swings.

Gene talks more about the bullish characteristics in this market that have been responsible for its durability and elasticity. 

The Dow Jones Industrial average setting another new record high. Finishing above 42,800.

Some big banks are reporting this morning and others next week. The bank earnings that have come in this morning have been received positively by investors.