Gene Peroni's Daily Podcast

June 24, 2021

Headline events over the last week and the market’s reaction to those events have, to some degree, reshaped my outlook for the remainder of this year; not in a greatly material way, but more subtle tones. 

June 23, 2021

Expanding on a comment I made yesterday: I had observed a growing call for a 10-20% pullback in the stock market by some analysts & economists. I don’t subscribe to that forecast and I doubt we’d have that kind of decline right now. 

June 22, 2021

From the Dow’s recently set all-time highs above 35,000 to where the Doe closed last Friday amounted to about 4.8% – which is just within the boundary of what I describe as a garden-variety retreat. 

June 21, 2021

When it comes to the Fed, words – at times – can speak louder than actions. This has played out over the years when the Fed’s words have reigned in the markets. 

June 18, 2021

The Fed’s announcement on Wednesday that it plans to raise rates in 2023 triggered a scramble among portfolio managers to realign portfolios given the announcement.

June 17, 2021

In my opinion, one of the better things to come out of the financial crisis was the transparency from the Fed. 

June 16, 2021

Two events for the market to consider or grapple with today: the Fed concludes its 2-day meeting and the summit meeting between Putin & Biden. 

June 15, 2021

With energy coming back into the leadership fold in 2021, “THEM” (Technology, Healthcare, Energy and Manufacturing) is back and doing very well. 

June 14, 2021

Years ago I would refer to the market’s core leadership as “THEM” – Technology, Healthcare, Energy and Manufacturing. 

June 11, 2021

June 07, 2021

The stock market is a good guide or a good filter for what might be relevant to what is being reported on the financial papers.

June 4, 2021

A year-to-date score card finds the DJIA up about 13%, beating the S&P 500 by ~100 basis points but trouncing the Nasdaq which is up by ~5.6% YTD. 

June 3, 2021

CBOE Volatility Index had been hovering in a support range at the 16/17 area; not surprising to see it rallying this morning above the 18 level. 

June 2, 2021

June began where May left off; I’m referring to the way in which the market rallies early and then surrenders the lion’s share of its gains by the closing bell. 

June 1, 2021

Today marked the unofficial beginning of the summer session. As of last Friday’s close, the Dow is within about 1,500 points of Doe 36,000 which had been my previous target. 

May 27, 2021

Demographics argue strongly for the healthcare theme. 84,000 Americans are 100 years old or older and in the coming decade about a quarter of the population will be 65 or older. 

May 26, 2021

Yesterday’s trading action was the latest example of a market that is bound by its trading range.

May 25, 2021

The fear factor is ebbing on Wall Street, at least as depicted in the action in the VIX. 

May 24, 2021

Momentum sectors may be finding their technical groove; a number of stocks representing areas such as consumer discretionary, healthcare and technology seem to be moving back toward their short-term trend lines. 

May 21, 2021

The net money flow is starting to turn more positive for a number of stocks that that had been under pressure. 

May 20, 2021

Market action along the lines of what we saw yesterday, is likely to be more of the norm than the exception over the short term. 

May 19, 2021

Stocks down this morning after yesterday’s session where gains sputtered later in the session. A confluence of factors I think are contributing to today’s weakness… 

May 18, 2021

Inflation is the chatter up and down Wall Street and is becoming more evident in recent weeks; but for the market, inflation started to come back into the picture as early as late 2019. 

May 17, 2021

This bull market cycle has long history of “down and dirty retreats.” Sometimes these declines can be explained and other times…not so much. 

May 14, 2021

The CBOE Volatility Index is retreating to the 21 level this morning, after tapping the 28 level just the other day. 

May 13, 2021

“Sell in May and go away” is playing out in 2021, but I don’t look for a big retreat here – maybe 3-5% using 32,000 as a downside for the Dow. 

May 12, 2021

It’s been some time since we’ve seen the Dow correct to any significant degree, and for that matter, the general market as well. I think a 3-5% pullback is definitely a possibility here. 

May 10, 2021

Whether you look at the market top down or bottom up, it is evident that the traditional cyclicals are continuing to gain ground here from a relative strength standpoint. 

May 7, 2021

Could get some follow through after yesterday’s latest record-high feat for the DJIA, up by more than 300 points despite selling pressure. 

May 6, 2021

If you’ve been on Wall Street for a number of years, you realize you just can’t fight the mood of the market. 

May 5, 2021

A few short years ago the very mention of agriculture would have drawn yawns as it was out of favor and wasn’t performing well, but has more recently is outperforming momentum categories. 

May 4, 2021

The first session of May presented a bit of a mixed picture, but one that might be indicative of what we might see through the month and the summer period. 

May 3, 2021

It has been my contention for years that this bull market cycle wouldn’t end with a whimper, but with a roar. The question is, “When will that roar take place?” 

April 30, 2021

Prior to the start of the 1st quarter earnings season, I had mentioned I was a bit uncertain about how the earnings seasons would go with respect to the way in which investors would receive the results. 

April 29, 2021

We’re seeing some net positive reactions to some of the marquee names in the market. 

April 28, 2021

The S&P 500 has moved ahead of the Dow in its year-to-date performance, but both up a little more than 11%. 

April 27, 2021

For some weeks now I’ve been talking about the old adage, “Sell in May and go away” that could play out here in the market, especially since I believe we’re overdue for a pullback. 

April 26, 2021

This is a big week for the marquee momentum stocks representing especially technology, but also consumer discretionary and healthcare. 

April 23, 2021

Yesterday’s abrupt intraday pullback was attributable to the Biden administration’s proposed big increase in the capital gains tax. 

April 22, 2021

The Dow, S&P 500 and the NASDAQ all posting uniform gains in yesterday’s session, which is in keeping with my forecast at the end of last year that we’d see a balanced gain in the major market indices. 

April 21, 2021

Some years ago a disappointing earnings result in a FAANG stock may have had a broad reaching impact; but not so in the current market condition despite Netflix’s disappointing results after the close yesterday. 

April 20, 2021

Decades ago there was a Wall Street adage, “As goes GM, so goes the market.” In today’s market it’s really hard to point at any one stock or theme that has that kind of impact on the overall market. 

April 19, 2021

Gene Peroni’s Daily Podcast: senior market indices, but I think it’s important to address the underlying market – the individual stocks & sectors. 

April 16, 2021

While awaiting the 1st quarter earnings season I wasn’t so sure just how investors would react given the gains we’d seen in the market.

April 15, 2021

The Dow breaking into uncharted territory once again, actually coming within less than 100 points of the next millennium level before a constructive pullback. 

April 14, 2021

It’s been my contention over the many years of this bull market cycle that a key technical pillar has been the broad and diverse sector participation. 

April 12, 2021

The Dow is leading other of the major indexes year to date but not by a big margin

April 9, 2021

First quarter earning season begins next week. We will start seeing a flow of earnings coming in and this could be very significant for the market. 

April 8, 2021

The CBOE Volatility Index are trading at another 52 week low.

April 7, 2021

I’m not sure just how much rests on the 1st quarter earnings season but I think that in some sectors or among some themes the results and the reactions could be telling about the short-term outlook for momentum stocks.