Gene Peroni's Daily Podcast

The historically worst month of the year is proven to be one of the better month's of 2024. The major market indexes are gaining ground. 

Semiconductor stocks could be readying for another move to the upside. 

With the Dow and S&P 500 at all time record highs, some may feel that the best tact is to just wait it out, hope for some kind of a pull back.

The stock market's profile has changed dramatically in the last year. 

In less than seven weeks time market psychology has shifted from a stage of panic to a hint of euphoria and we saw that little bit of euphoria playing out in yesterdays session. 

Yesterday's market gyration's are seen as relatively normal in the context of the volatility that has seen since August.

Wallstreet and Mainstreet anticipates a Fed's interest rate decision and that announcement coming in this afternoon.  Focus and attention regarding the Fed's anticipated rate cut. 

In less than a weeks time , The Dow Jones Industrial average has recovered from a 700 point deficit.

As of Fridays closing major market indices are above their respective short term moving average trend lines.

The last 4 trading days have shown the market resiliency.