{"id":60143,"date":"2022-06-13T16:16:31","date_gmt":"2022-06-13T23:16:31","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=60143"},"modified":"2022-06-14T00:06:07","modified_gmt":"2022-06-14T07:06:07","slug":"new-oversold-period-drags-sp500-into-a-bear-market-the-market-breadth","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2022\/06\/13\/new-oversold-period-drags-sp500-into-a-bear-market-the-market-breadth\/","title":{"rendered":"The New Oversold Period Drags the S&P 500 Into A Bear Market – The Market Breadth"},"content":{"rendered":"\n

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

Over two years ago, a lethal virus forced the economy to shut down. The Federal Reserve was one of many to rush to the rescue with historic sums of liquidity. Today, the economy stubbornly runs hot, and the Fed is rushing to “shut down” financial markets to cool down economic activity “just enough”. The Fed has raised rates just twice in this effort. However, market expectations have been enough to bring the stock market to its knees. The latest fear-filled expectation comes in the form of a leaked source and\/or a gossiping, speculating Wall Street Journal about a 75 basis points rate hike in the upcoming Fed meeting<\/a>. The subsequent rush for the exits launched a new oversold period that dragged the S&P 500 into a bear market.<\/p>\n\n\n\n

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The Fed is likely to increase rates by 75 basis points this week, according to @steveliesman<\/a>

He joins the Fast line with his reporting: pic.twitter.com\/CaWfe6ZZHR<\/a><\/p>— CNBC's Fast Money (@CNBCFastMoney) June 13, 2022<\/a><\/blockquote>