The 1-Minute Market Report, August 22, 2026

The S&P 500 remains less than 2% from its all-time high despite a down week, with dip buyers still active. Commodities, especially gold, silver, and crude oil, are showing durable strength as investors rotate away from financial assets. Healthcare, Energy, and Materials led sector gains, while momentum and growth stocks faced the heaviest selling amid risk-off sentiment. Upcoming Nvidia earnings are a key catalyst for the AI trade; a miss could trigger sharp risk repricing. It was downbeat week in the stock and bond markets, but not everything was weak. We found several assets, sectors, industries, groups, and stocks that were going against the grain and gaining in spite of the overall selling.