Full Signal This is what breaks the stock market in 2026 | JD Durkin
Mar 17, 2026
JD Durkin, veteran journalist and NYSE on-floor reporter known for market commentary. He unpacks why markets shrug off bad news. He traces the shift away from mega-cap leaders into small caps, energy and healthcare. He flags political and oil risks that could upend the rally. He also notes signs of consumer stress in dollar retailers.
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Market Resilience After Geopolitical Shocks
- Markets remain resilient despite geopolitical shocks and intraday pullbacks.
- JD Durkin notes the S&P is only a few percent from all-time highs and routinely shakes off shocks like tariffs or geopolitical events.
Rotation Away From Mega Caps
- The market leadership is rotating away from the MAG7 and toward broader sectors.
- JD points to small caps, industrials, energy and healthcare picking up weight as the mega-cap names are down year-to-date.
Midterms Create Choppy Market Then Sweet Spot
- Midterm election noise creates a choppy market environment but can set up a favorable two-year period after results.
- JD cites the Stock Traders Almanac pattern: midterm years are the hardest, then a sweet spot follows once dust settles.