Gene Peroni's Daily Podcast

January 18, 2023 18.01.2023 3:19 ↓

Yesterday’s session marked the 10th trading of 2023 and there are those who put a lot of importance in how the first 10 trading days of the year fair… 

January 17, 2023 17.01.2023 3:24 ↓

As we begin the new week, the major market indices are well positioned technically… 

January 13, 2023 13.01.2023 4:51 ↓

Is it triskaidekaphobia, investors’ reactions to big banks earnings results, or just a collective deep breath following a nice rally this week? 

January 12, 2023 12.01.2023 3:46 ↓

The Nasdaq breaking out above a short-term resistance trend line and that trend line was coming through the 10,850 area, which is significant because… 

January 10, 2023 10.01.2023 3:39 ↓

I mentioned recently that I would look at the first 10 days of January to give some indication or confirmation regarding my constructive outlook for 2023, especially for the first half as it pertains to the Dow. 

January 9, 2023 09.01.2023 4:51 ↓

The stock market’s day-to-day movements in reaction to news items or data points that might give some insight into inflation, the Fed’s moves, and whether or not we’re headed toward a recession can be very frustrating… 

January 6, 2023 06.01.2023 3:14 ↓

In the open trading days of 2023, investors have been reminded of the Fed’s hawkish monetary stance. This has been underscored by the Fed Minutes this week. 

January 5, 2023 05.01.2023 4:24 ↓

The stock market’s reaction to the content of the Fed’s Minutes, I thought was quite encouraging. 

January 3, 2023 03.01.2023 3:56 ↓

One session may not provide a reliable stock market outlook, but 10 very well may. Some market statisticians believe the first 10 trading days of January may define the outlook for the remainder of the year. 

December 30, 2022 30.12.2022 6:34 ↓

Listen to Gene Peroni summarizing 2022 in his latest daily commentary... 

December 22, 2022 22.12.2022 4:40 ↓

The market action yesterday didn’t change my view that we are essentially in a three-tiered market with those tiers represented by the DJIA, the S&P 500 and the Nasdaq. 

December 21, 2022 21.12.2022 2:47 ↓

I think the action in the VIX is subject to interpretation. On the one hand I do see the VIX building a base formation in proximity to its current level, but… 

December 20, 2022 20.12.2022 4:01 ↓

Year to date, an index with just 30 component stocks — the DJIA — is far outperforming the other major stock indices. 

December 19, 2022 19.12.2022 4:19 ↓

Happy Hanukkah and Merry Christmas! Of course this week may see another one of those trading vacuums as we see investors leave for the holidays, which might allow for some rally here. 

December 13, 2022 13.12.2022 5:44 ↓

In my view, more often than not, investors make poor investment decisions when they’re reacting to the daily news and headlines of the day. 

December 12, 2022 12.12.2022 3:15 ↓

There’s widespread agreement that the Fed will raise rates by 50 basis points this week. But when it comes to the Fed, that is as far as the consensus view goes… 

December 9, 2022 09.12.2022 2:26 ↓

I am updating my outlook for the Nasdaq generally and for technology more specifically. Weeks I mentioned that I thought the Nasdaq was bottoming along with… 

December 8, 2022 08.12.2022 4:23 ↓

When talking outlook, the generic term “stock market” simply cannot be used in this environment; this is a multi-tiered market and in looking at the DJIA… 

December 7, 2022 07.12.2022 3:24 ↓

The market’s high reactivity to day-to-day events underscores investor uncertainty especially pertaining to the Fed and prospects for a recession in 2023.