Gene Peroni’s Daily Podcast: Staying the course with the longer-term market leaders through short-term volatility has often proven to be the best strategy. The latest of this is the trading action following the August 5 decline. https://t.co/KMUpbWrZCs
Gene Peroni’s Daily Podcast: The great American “philosopher” Yogi Berra said it best: “It ain’t over ‘til it’s over.” I think that applies well to the current market condition. https://t.co/OkiOQaV2od
Gene Peroni’s Daily Podcast: If history is any guide — and I think that it is relevant — then the selloff on Monday was a climactic one like the extreme selloffs that we saw during the Great Financial Crisis, and again amid the initial Covid outbreak. https://t.co/iN1BjjIZvO
Gene Peroni’s Daily Podcast: Fear may have elevated to panic in yesterday’s session. To put that in perspective, let’s look at the CBOE Volatility Index — sometimes dubbed the “Fear Index” and at times does act as a barometer of outright panic. https://t.co/lHOQ32XwpN
Gene Peroni’s Daily Podcast: In pre-opening trading this morning, the CBOE Volatility Index has traded as high as the 54 area, and that to me reflects full-on panic. But, the scenario here is not entirely different than October 1987…. https://t.co/jpCt46cvlO
Gene Peroni’s Daily Podcast: The CBOE Volatility Index reached a higher high than its recent rally, moving above the 19 level yesterday. This morning… https://t.co/Xfh52FrYe3
Gene Peroni’s Daily Podcast: Two headline factors may have been largely responsible for yesterday’s market action. For one, the Fed did indicate yesterday that it might cut rates in September… https://t.co/D5oJtXWCKv
Gene Peroni’s Daily Podcast: As we count down the final days of July, investors may be bracing for August and September — two months that are not historically friendly for the stock market. https://t.co/VFVBLv08Id
Gene Peroni’s Daily Podcast: Technology failed to hold the line yesterday with semiconductors, and other subcategories of technology, breaking below their widely watched short-term moving average trend lines. https://t.co/QazJJLAWsH
Gene Peroni’s Daily Podcast: Yesterday’s market action may have strengthened the short-term outlook for stocks; I say that because a number of technical factors played pretty significantly during the course of trading yesterday. https://t.co/DpJKvY7q0i
Gene Peroni’s Daily Podcast: Yesterday’s market action was the latest showcasing of rotation, and it did intensify in yesterday’s trading, leaving behind the Nasdaq and the more aggressive growth areas of the market once again with the Dow really shining. https://t.co/XJmj5BxCsM
Gene Peroni’s Daily Podcast: Rotation was clearly evident in yesterday’s trading action, but it has been a regular occurrence in the stock market for many weeks. I think this has been…. https://t.co/3ZAtsesPzF
Gene Peroni’s Daily Podcast: Earlier this year, I mentioned that this bull could become a G.O.A.T. and I think that we’re on that path for this bull market run to be one of the best in modern history — maybe even the best ever. https://t.co/7thqUN2Xzz
Gene Peroni’s Daily Podcast: Stock futures rallying this morning presumably in part because former President Trump survived the assassination attempt this weekend. https://t.co/IzAzwYy6m2
Gene Peroni’s Daily Podcast: Yesterday’s market action showcased one of its most important attributes, and that is it’s broad and diverse sector participation. https://t.co/Zo9W8jOFv6
Gene Peroni’s Daily Podcast: Rotational consolidations appear to be intensifying among a number of different sectors and themes, and I think that the major market indices could become lodged in a limited trading range over the near term. https://t.co/xscSQuG7iT
Gene Peroni’s Daily Podcast: It is out with the old and in with the new as today marks the beginning of the 3rd quarter of 2024. And the old wasn’t so bad…the 1st half of 2024 delivered quite nicely… https://t.co/hH9w6MGZWS