{"id":58704,"date":"2022-01-15T13:20:25","date_gmt":"2022-01-15T21:20:25","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=58704"},"modified":"2022-01-21T23:51:51","modified_gmt":"2022-01-22T07:51:51","slug":"choppiness-toppiness-the-market-breadth","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2022\/01\/15\/choppiness-toppiness-the-market-breadth\/","title":{"rendered":"Choppiness Toppiness – The Market Breadth"},"content":{"rendered":"\n

Stock Market Commentary<\/strong><\/h2>\n\n\n\n

The stock market survived a choppy week. The churn almost looked like stabilization after a disappointing start to the new year<\/a>. However, the attempt to absorb the news of a hawkish Fed is taking its toll in the form of toppiness. With each passing day I get more and more wary about the market’s behavior. Last week, the market went into convulsions over simple words from Lael Brainard, the Fed’s reportedly most dovish member. Brainard officially flipped hawkish during her Senate confirmation hearing. On that day, sellers dumped the indices nearly wholesale with notable losses across the board.<\/p>\n\n\n\n

“..inflation is too high, and working people around the country are concerned about how far their paychecks will go. Our monetary policy is focused on getting inflation back down to 2 percent while sustaining a recovery that includes everyone. This is our most important task.”<\/p>Nomination hearing<\/em>, Governor Lael Brainard<\/a>, Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. January 13, 2022<\/cite><\/blockquote>\n\n\n\n

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