Gene Peroni's Daily Podcast

December 06, 2023

March 6, 2023

March 3, 2023

There are times when human emotion might refute the consistent — if not persistent — trends in the market. That is when the market’s behavior doesn’t line up with conventional wisdom, etc. 

March 2, 2023

Health care was a highlight in yesterday’s session as we continue to see rotation back into some of the more traditional market categories. 

March 1, 2023

The old and enduring Wall Street quip, “The trend is your friend” is particularly applicable in this market environment. With the major stock indices fenced in a limited range, I think… 

February 28, 2023

February 27, 2023

I think that the most likely scenario for the stock market over the short run is a trading-range pattern, and one that sees… 

February 23, 2023

In yesterday’s session we did see some indications that the indices were stabilizing, and this amid the release of the Fed Minutes. 

February 22, 2023

Yesterday’s rate-driven decline in the stock market delivered the major indices to within the upper margins of support. That does leave open the possibility of further decline… 

February 21, 2023

It would seem the stock market is running out of steam, but it’s more likely a consolidation — rather than an evaporation — of the year-to-date gains. I say that because… 

February 15, 2023

Gene Peroni’s Daily Podcast: There was some fear and loathing in anticipation of January’s CPI data, released yesterday. It did come in a little higher but the market’s reaction was relatively subdued. *Due to travel, the next update will be on Tuesday, 2/21. 

February 14, 2023

Happy Valentine’s Day! If there is high anxiety about the CPI report for January, it has not been reflected in the stock market. 

February 13, 2023

As the Nasdaq made its way toward my upwardly revised target of 12,500 earlier this month, I had advised that I believed that the easy gains were probably realized at that point for the Nasdaq and technology. 

February 8, 2023

Fed Chairman Powell’s remarks yesterday that the disinflation process is beginning spurred a rally among the major market indices with the Nasdaq, once again, leading the way. 

February 7, 2023

There was some moderate rotation in yesterday’s session and as I’ve mentioned, this is something that I’m hoping to see more of as the market consolidates its year-to-date gains. 

February 6, 2023

The Nasdaq coming within 50 points of my most recently upwardly revised target for that index at the 12,250 level. It pulled back on Friday, but not a big surprise after… 

February 3, 2023

About a year ago at this time, the stock market was chasing support levels, especially the Nasdaq which seemed to be breaking through one support level after another. This year, is certainly a different picture… 

February 2, 2023

Yesterday’s action was the latest indication that last year’s double bottoms in September & October among the major market indices might have been quite substantive and predictive of what was to come. 

February 1, 2023

Stocks finished on a strong note with yesterday’s performance which wrapped up January. The old adage, “As goes January, so goes the year” once again favors the bullish camp. 

January 30, 2023

Technology has been on a tear since the start of the year, which is certainly a contrast to what we saw a year ago when 2022 began. 

January 27, 2023

It’s become a challenge, if not a competition, among economists to predict just when, if at all, a recession will surface. 

January 26, 2023

Resiliency is a developing story and an emerging characteristic for the stock market in the early weeks of 2023. 

January 25, 2023

A lukewarm outlook from a major software company could cool the big run up in technology that we’ve seen since the start of this year. This would probably be a welcome event for the market. 

January 24, 2023

The Nasdaq continues to shine. As of yesterday’s closing it is up 8.58% year to date, which is trouncing the S&P 500 and Dow. 

January 23, 2023

Larry Kudlow recently quipped that, “This might be the most anticipated recession since the 16th century.” And therein might be an important reason that the market is behaving so… 

January 20, 2023

The first 10 trading days of 2023 have provided underlying support for the bullish camp, but it has been a bumpy ride since… 

January 19, 2023

Technology appears to have hit a technical brick wall at least for the short term. 

January 18, 2023

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

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

January 13, 2023

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

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

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

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

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

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

January 3, 2023

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

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

December 29, 2022

December 28, 2022

December 27, 2022

December 22, 2022

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

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

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

December 19, 2022

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 16, 2022

December 15, 2022

December 14, 2022

December 13, 2022

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

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

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…