Gene Peroni's Daily Podcast

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! 

Several years ago, just before the outbreak of Covid, I mentioned an ultimate target for the DJIA of 42,000. 

The DJIA now stands some 1600 points above its July peaks, the Nasdaq is now some 400 points above its July peaks, and the S&P 500 is well above its July highs. 

The DJIA, the lagging index year to date, now stands at an all-time record high; and that is no small feat. 

For those who rely on daily headline news for their investment decisions, this may seem like a confusing market environment. But since the October lows…