{"id":63713,"date":"2023-03-17T16:27:44","date_gmt":"2023-03-17T23:27:44","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=63713"},"modified":"2023-03-19T15:37:46","modified_gmt":"2023-03-19T22:37:46","slug":"flirting-with-oversold-trading-conditions-ahead-of-fed-the-market-breadth","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2023\/03\/17\/flirting-with-oversold-trading-conditions-ahead-of-fed-the-market-breadth\/","title":{"rendered":"Flirting with Oversold Trading Conditions Ahead of the Fed – The Market Breadth"},"content":{"rendered":"\n

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

A sobering thought: American capitalism has yet to figure out how to sustain a stable banking system. The U.S. created the Federal Reserve system<\/a> in 1914 as a response to the lessons from the banking Panic of 1907<\/a> and yet bank runs, bank panics, and bank failures continue to headline market dynamics during down economic cycles. The “Panic of 2023” that is taking down regional banks will surely generate fresh soul searching and a new set of regulatory rules and agencies. In the meantime, the stock market is flirting with oversold trading conditions just in time for the March meeting of the Federal Reserve. Reassurances from across the Federal government are accompanying bank closures and rescues and setting up explosive trading potential. Under these conditions, the technicals become a key component of maintaining sanity…assuming that healing awaits us on the other side.<\/p>\n\n\n\n