{"id":61755,"date":"2022-10-28T15:18:03","date_gmt":"2022-10-28T22:18:03","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=61755"},"modified":"2022-10-29T17:33:04","modified_gmt":"2022-10-30T00:33:04","slug":"bear-market-breakthrough-sp500-the-market-breadth","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2022\/10\/28\/bear-market-breakthrough-sp500-the-market-breadth\/","title":{"rendered":"A Bear Market Breakthrough for the S&P 500 – The Market Breadth"},"content":{"rendered":"\n

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

The Q3 2022 U.S. GDP report<\/a> from the Bureau of Economic Analysis undermined this year’s strident claims that the economy overall is already in recession<\/a>. Q3 GDP grew 2.6% largely thanks to a 2.8% growth in personal expenditures for services (one more validation of the relatively strong jobs market) and thanks to an astonishing 14.4% growth in exports despite the surging value of the U.S. dollar (DXY). With the schedule for a recession put on hold, the S&P 500 (SPY) finished a second straight week of gains. The index delivered an important bear market breakthrough that further confirms the recent bear market bottom<\/a> and sets the stage for further follow-through sometime in the last two months of the year.<\/p>\n\n\n\n