The Market Enters Correction Territory - Market Outlook (Ep. 23)

For the week of Monday, March 16, to Friday, March 20, 2026, the stock market was heavily driven by the ongoing geopolitical conflict in the Middle East, fluctuating oil prices, and rising bond yields, which pushed major indices toward a fourth consecutive week of losses. Despite a brief rally on Monday, markets sank for the rest of the week, with the S&P 500 hitting its lowest close of 2026 on Friday. The Russell 2000 has not fallen into correction territory. Technology stocks fell as investors rotated away from growth and cyclical risks, leading to a down week for the Nasdaq. The market was dominated by fears that the conflict involving Iran would keep interest rates higher for longer and disrupt global energy supplies.