{"id":71683,"date":"2024-12-15T17:24:33","date_gmt":"2024-12-16T01:24:33","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=71683"},"modified":"2024-12-15T17:24:34","modified_gmt":"2024-12-16T01:24:34","slug":"market-breadth-breakdown-belies-tech-strength-the-market-breadth","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2024\/12\/15\/market-breadth-breakdown-belies-tech-strength-the-market-breadth\/","title":{"rendered":"A Market Breadth Breakdown Belies Tech Strength – The Market Breadth"},"content":{"rendered":"\n

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

Inflation was the big story last week. I covered the details in “Bonds Try to Weigh on A Market Trying Harder to Look Past Stabilizing Inflation<\/a>“. The stock market had a curiously mixed reaction that highlighted an on-going bearish divergence for the month of December. A market breadth breakdown contradicted impressive strength in tech stocks. Moreover, small cap stocks have declined all month while the S&P 500 stayed mainly flat for the week. A freshly interesting twist comes in the form of the equal weighted S&P 500: this index has mirrored small caps all month and further emphasizes this month’s market breadth breakdown. The upcoming decision on monetary policy from the Federal Reserve could provide a deciding pivot for this bearish divergence.<\/p>\n\n\n\n