Gene Peroni's Daily Podcast

A forefront AI company delivering a huge earnings beat after yesterday’s close. 

Selling could become a bit contagious over the near term, that is as traders sense that the major market indices may be leveling off, or even rolling over a bit… 

The advanced decline lines among the major market indices have exhibited steadily improving trend lines since the October lows of last year. 

I think that there are increasing signs that we could see the market enter into a more extended consolidation than we’ve seen in a couple of months. This is not all bad, seeing how some of these aggressive growth stocks have… 

Logic would seem to dictate that some restraint might be warranted at this point. The Dow and S&P 500 both perched at new all-time highs. 

It’s Groundhog Day in Pennsylvania, but it’s anything but on Wall Street. The market continues to provide some exciting action here. 

History has a way of repeating itself and I believe this statement is especially true when it comes to the stock market. 

As of yesterday’s closing, and ahead of the last trading day of January, the performances of the Nasdaq and S&P 500 are very similar. In fact, they’re within 7 basis points of each other. 

Much of the glory for the stock market this month has been focused on the major market indices with the Dow and S&P 500 moving into all-time record high territory. 

For those who follow the “as goes January, so goes the year” theory, it’s good news for the bulls, with the major market indices higher so far this month. 

Technology stocks surging higher amid more urgent buying in recent sessions. 

Momentum is back in the picture for the stock market and it’s especially evident among a number of the popular technology names, but it’s also evident in… 

January has ushered in mostly sunny skies for the stock market with the Dow and S&P 500 reaching all-time, record-high territory… 

The stock market continues to impress on a number of fronts; one of those being its self-policing exercises… 

Consider all the challenges that investors have faced in recent years: monetary, economic, geopolitical, and other headwinds have been impactful at different points in the last several years and more. 

Late last year I mentioned that sentiment numbers for the stock market can be interpreted by one’s desire or perspective, and as it became more convincing… 

Last week’s reaction to inflation data might have been more tied to investors awaiting the 4th quarter earnings reporting season than it was to actual concerns and worries about the Fed’s next steps. 

Resiliency is the key feature in this market, and this is something that we’ve been seeing time and again, especially since the bottom in October 2023. 

My recent commentary might well be construed to convey a message of dismissiveness with respect to the opening days of 2024, and how the end of the year might go. 

Happy 2024! This year marks my 50th full-time year in this business. 

I want to take this opportunity to wish every a very Merry Christmas and Happy Holidays; may it be a very special time for all of you!