The 1-Minute Market Report, March 8, 2026

Erik Conley13.22K FollowersFollow5ShareSavePlay(8min)Comments(3)SummaryThe S&P 500's bull market remains intact but is showing increasing signs of fragility, with heightened sensitivity to macro shocks.Recent market weakness was driven by geopolitical tensions with Iran and a sharply negative jobs report.Investors rotated out of foreign stocks, small/mid-caps, and materials, favoring U.S. large-cap tech, energy, and low-volatility names.If the S&P 500 breaks 5% below its recent high, a deeper correction of up to 15% may unfold.SlavkoSereda/iStock via Getty Images As the song goes, "War. What is it good for? Absolutely nothing." (Barrett Strong and Norman Whitfield, 1970). That seems to be what the equity and bond markets are saying, in a week when both were down. YouThis article was written byErik Conley13.22K 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, IBIT 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.