The 1-Minute Market Report September 19, 2026

Summary Despite Fed rate hikes and rising Treasury yields, the S&P 500 held steady, down just 0.1% for the week. Market resilience is driven by outperformance in Nasdaq and Mag 7 stocks, with large-cap growth buoying headline indices. Healthcare stocks are emerging as a durable outperformer, while REITs and small/mid-caps lag amid macro headwinds. I am maintaining equity exposure but allowing cash to build, anticipating a risk repricing and future buying opportunities. SlavkoSereda/iStock via Getty Images You would think that the combination of a Fed rate hike, a 5% yield on the 10-yr Treasury bond, and rising gas prices would take a bite out of the stock market. But that’s not what happened. Investors apparently priced This article was written by Erik Conley 15.05K Followers Follow I spent 30 years in the institutional trenches as a trader, analyst, and portfolio manager, eventually running the equity trading desk at Northern Trust in Chicago. Those decades shaped my approach: stay disciplined, trust the data, and keep emotion out of the way. Since 2009, when I began publishing my stock selections, my portfolio has delivered solid long term results—compounding in the mid teens annually through 2025. Today I manage a 15-20 stock model portfolio where I select stocks that score highly for Quality, Growth, Momentum, Value, and Risk. I use a rules-based framework that helps me build high performing portfolios. My work focuses on systematic thinking, behavioral awareness, and evidence over opinion. For my market outlook and model portfolio updates, visit zeninvestor.org. . Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA, AVGO, GOOGL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.