Gene provides an in‑depth analysis of how yesterday’s developments involving Iran and the United States contributed to a notable rally in the financial markets. Despite the upward movement, the trading day was marked by significant fluctuations in investor sentiment, a pattern clearly reflected in the shifts observed in the CBOE Volatility Index.

Listen to the full episode for a detailed examination of these dynamics and their potential implications.

Gene discusses the sharp reversals in stock futures ahead of this morning’s open, driven by reports of productive negotiations between the U.S. and Iran. Tune in for his take on what this means for today’s market tone.

Gene breaks down yesterday’s market decline, which accelerated after the Fed announced it would keep interest rates unchanged. Tune in for his full analysis and what it means for investors moving forward. Continue listening to the podcast for the complete market rundown. 

Gene discusses how the Iran war has triggered a market pullback that, in his view, reflects a healthy consolidation rather than meaningful damage. He also highlights several key technical factors he’s watching closely.

Gene reviews yesterday’s market session, highlighting performance across the major indexes. He notes encouraging support levels in several key areas, particularly within cyclical sectors and technology stocks.

Gene maintains that today’s landscape reflects an expanded market environment rather than a contracting one. Listen to today’s Peroni Podcast to hear Gene’s full market breakdown and insights.

The next report will be Monday, March 16th. The latest American Association of Independent Investors, sentiment survey shows that bear sentiment climbed considerably, to the 48th level.  That is significant because the bear sentiment noted by AAII had been tracking in the mid 30's  for a number of weeks. That would tend to reinforce what we saw with the CBOE Volatility Index, when it climbed above the 35 level. This is all I believe is a precursor to a market bottom, getting greater fear in the market...

CBOE volatility index has pulled back considerably from its recent highs; this would seem to be an indication that the recent higher stages of fear if not even mild panic have ebbed considerably.. Volatility is still on the table but I would put more emphasis on underlying market, looking at the market more from a bottom up perspective. There I think we see quite a constructive profile that is more stocks, more sectors, more themes really repairing here nicely; and a market that generally is expanding not contracting...

Yesterdays market action may have indicated that at least for now the worst fears may have played out with respect to the Iran conflict, and other geopolitical factors, as well as economic and monetary concerns. I think what we saw yesterday was an indication of seller exhaustion, and that prompted a nice reversal among the major market indices, they held very closely to their support levels.. 

The hesitation we have seen in the stock market following the record setting feats in the Dow Jones Industrial Average, and S&P 500 back in January; may have been attributable to the uncertainty as to when the invasion of Iran would take place.. If I were to dismiss geopolitical events that have triggered this pull back, I would make the argument that a pull back in the market was overdue.. Even with all the volatility and the reaction to the Iran war; the major indices are still holding above what I would call again relatively a normal and pretty aggressive support levels, for the major indices..