The 1-Minute Market Report, March 29, 2026

Erik Conley13.44K FollowersFollow5ShareSavePlay(7min)CommentsSummaryThe S&P 500 is down 7.4% for March, with the decline accelerating and large caps, especially the Mag 7, driving losses.Investors are rotating out of large-cap growth and AI hyperscalers.Energy, materials, utilities, and consumer staples outperformed.Crosscurrents show persistent de-risking, with foreign equities, yield, and defensive names attracting capital as U.S. large caps remain under pressure. SlavkoSereda/iStock via Getty Images Now that the S&P 500 has closed firmly below the -5% line, the next level of support is the -10% line, which is roughly 6300. What began as an orderly pullback has turned into a fear-driven slide. Today we’ll go through the chartsThis article was written byErik Conley13.44K FollowersFollowI 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’m a private investor and investing coach, with a rules based framework that helps people build better 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.