About Peter Kenny

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So far Peter Kenny has created 56 blog entries.

Will the Fed move on rates in Q2

The economic landscape at the outset of 2017 speaks to modest growth, incremental gains in inflation, cycle highs for consumer sentiment and small business optimism. Stable energy prices, continued expansion in the housing sector of the economy and the prospects of a leaner regulatory regime in Washington all should lead to a constructive narrative for [...]

By |2017-01-21T16:13:21+00:00January 21st, 2017|Uncategorized|

Post-Election Rally

Kenny's Commentary on FoxBusiness   S&P 500 Set for Worst Day in Three Months, Clings to Biggest Post-Election Rally Since JFK Wall Street let some air out of its euphoric Trump rally Thursday as investors craved more clarity from the president-elect on his policy proposals. Though short on details, Donald Trump’s press conference Wednesday afternoon [...]

By |2017-01-17T22:30:07+00:00January 17th, 2017|Uncategorized|

The Valuations Factor

We enter 2017 having witnessed a broad post-election rally that has lifted nearly all boats indiscriminately. In some cases, the move higher in prices has been well deserved but not in all. The mild year-end reset lower in prices that materialized at the close of 2016 has the potential of dampening a likely trade lower that [...]

By |2017-01-04T19:42:01+00:00January 4th, 2017|Uncategorized|

2017 – A Look Ahead

Equities   In the case of equities, as you know, I am constructive. I am calling for the Dow Industrials to close out 2017 at 22,900. My 2017 year end target for the S&P 500 is 2602 and my target for the Nasdaq is 6425.   Commodities   WTI crude will likely lose a degree [...]

By |2016-12-28T15:25:05+00:00December 28th, 2016|Uncategorized|

Investors Have Been Given Their Christmas Gift Early

As expected, last week's post-election rally lost both some velocity and the sponsorship of the financial sector. The financial sector's most closely watched proxy, the financial select sector SPDR ETF (XLF) slipped 1.6 percent on the week, its worst weekly performance since early November, ending a five-week stretch of gains.    In fact, though equity [...]

By |2016-12-20T13:47:39+00:00December 20th, 2016|Uncategorized|

Throw Another Log on the Fire

Global crude oil prices jumped nearly 5% Sunday on news that non-OPEC producers have agreed to reduce production in an effort to buttress the recent OPEC announcement aimed at lifting global energy prices. The recent dramatic trade higher in crude pricing, that was the result of the OPEC deal, has in effect been thrown an [...]

By |2016-12-12T19:16:11+00:00December 12th, 2016|Uncategorized|

Thanksgiving could not come at a better time

As the dust from the presidential elections begins to settle—in haphazard and uneven fashion—investors are shifting their focus in preparation for a short work week punctuated by that most American of holidays, Thanksgiving. This oldest and most tradition-bound holiday could not come at a more opportune time for many Americans, both on Wall Street and [...]

By |2016-11-22T17:10:15+00:00November 22nd, 2016|Uncategorized|

History is made, Markets Roiled, Not so Fast

Donald Trump Elected 45th President of the United States. One thing is abundantly clear: the American electorate is deeply divided. The key to success for the next president will rest on the marshaling of a majority in the House and Senate on Tuesday night. These elections have laid bare a divide that has the potential [...]

By |2016-11-09T15:35:55+00:00November 9th, 2016|Uncategorized|

Clinton, Comey, Yellen and October Surprises

Investor caution and apprehension was evident in last week's trading as equity market indices slipped further while volume contracted. In fact the month of October, thus far, has not been a good month for equities as all three majors have lost ground. All three majors are now below their respective 50 DMA.   Two news [...]

By |2016-11-02T12:47:57+00:00November 2nd, 2016|Uncategorized|