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Why Oversold Matters: The Jobs Dip and Rip – The Market Breadth

dip and rip (Credit: Google Workspace Labs, AI-generated)

Stock Market Commentary The economist “consensus” expectations for September job growth missed the mark by a mile, 336,000 actual versus 170,000 projected. These big misses represent the on-going struggles of conventional economics to understand the dynamics of today’s post-pandemic economy. Initially, the good jobs news frightened financial markets which think of good news as bad … Read more

How A Bear Finds A Sector Full of Ugly Stocks – The Market Breadth

ugly stocks (Credit: "Jenn's Ugly Face" by lorenabuena is licensed under CC BY-NC-ND 2.0. To view a copy of this license, visit https://creativecommons.org/licenses/by-nd-nc/2.0/jp/?ref=openverse.)

Small caps were hit particularly hard in today’s follow-through to tech stocks pushing against technical limits. The iShares Russell 2000 ETF (IWM) went from a breakout above its 50-day moving average (DMA) despite a surge in interest rates and oil prices to a sharp 50DMA breakdown along with a further spike in interest rates and … Read more