The 1-Minute Market Report, February 22, 2026

Erik Conley13.15K FollowersFollow5ShareSavePlay(7min)CommentsSummaryThe Mag 7 led market gains last week, averaging a 2.3% rise as investors rotated back into big tech and away from defensive sectors.Despite a 1.1% S&P 500 gain, persistent dip-buying signals potential market complacency and overconfidence rather than robust bullish conviction.Growth outperformed value, with capital flowing from small/mid-caps, yield, and staples into high beta, communication services, and commodities.Software stocks continued to underperform, while semiconductors and mining stocks, especially silver, saw renewed investor interest. SlavkoSereda/iStock via Getty Images For the second week in a row, the Mag 7 have led all other groups as the dip-buyers flood the market with cash. As you will see in the table later in this article, the Mag 7 gainedThis article was written byErik Conley13.15K FollowersFollowFor 28 years, I was a professional trader, analyst & portfolio manager. I ran the equity trading desk at Northern Trust Co. in Chicago. Now I am a private investor, the founder of a nonprofit investor advocacy firm, and a private investing coach. My average annual return is 17.2%. The time period is from January 2009, when I first began publishing my stock picks, to the end of 2024. I publish my picks in newsletter format and send them directly to subscribers on a weekly basis. For my complete 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.