The Peter Ships Show.

Today's podcast was recorded yesterday.

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Welcome everybody to the first podcast of 2023.

And if today is any indication of how the markets are going to treat during 2023, we are

in for a lot of volatility.

But I think today was very telling as to how the rest of the year is likely to play out.

First of all, the Dow Jones early in the morning was up better than 200 points before selling

off intraday to down over 300 points before closing down just 11 points.

So almost unchanged.

But the other broader indexes were decisively weaker.

The S&P surrendered early morning gains to close down 0.4 of a percent.

Russell 2000 surrendered those gains and closed down six tenths of 1 percent.

And the big loser on the day, the Nasdaq closing down 0.8 percent after early morning rally.

And I think this pretty much is setting the tone for the way the stock market is going

...