{"id":69524,"date":"2024-07-06T15:33:19","date_gmt":"2024-07-06T22:33:19","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=69524"},"modified":"2024-07-07T09:50:03","modified_gmt":"2024-07-07T16:50:03","slug":"q3-takes-q2-baton-of-notable-divergence-the-market-breadth","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2024\/07\/06\/q3-takes-q2-baton-of-notable-divergence-the-market-breadth\/","title":{"rendered":"Q3 Takes the Q2 Baton of Notable Divergence – The Market Breadth"},"content":{"rendered":"\n

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

The second quarter of the year ended with notable divergence<\/a>. The third quarter picked up where the second quarter left off. Q3 took the Q2 baton of notable divergence, sending big cap stocks ever higher while leaving most of the market further behind. The jobs report seemed to be strong enough and weak enough at the same time, satisfying everyone (Marketplace called the report a sign of “normalcy”<\/a>). Bonds yields also took comfort and backed off. While it is easy to say that lower bond yields helped pass the stock baton from Q2 to Q3, the stock market has trended higher regardless of the trends in the bond market. So instead of explaining the latest price moves in the market with a specific catalyst, I am just sitting back and marveling at the strong start to Q3 for the seemingly unstoppable S&P 500 and the NASDAQ.<\/p>\n\n\n\n