Skip to contentHome page Seeking Alpha - Power to InvestorsMar 23, 2026, 9:50 AM ETS&P 500 Futures (SPX), SP500, SPY, NDX, DJI, RTY, DIA, IVV, VOO, IWM, QQQAFMC, AFSM, ARKK, AVUV, BAPR, IVOO, IVOV, IVW, IWC, IWN, IWO, IWP, IWR, IWS, IYY, SPLV, SPMD, SPMO, SPSM, SPUS, SPUU, SPVM, QVMT, SPXE, SPXL, SPXN, SPXS, SPXT, SPXU, SPXV, SPYD, SPYG, SPYV, SPYX, SQLV, SSO, SSPY, SVAL, SYLD, TMDV, TPHD, TPLC, TPSC, UAUG, UJAN, UMAR, UMAY, UOCT, UPRO, USMC, USMF, USVM, MAGSJames Picerno6.94K FollowersCommentsUS equities fell for a fourth week through Mar. 20, but the decline has been orderly so far.Financial markets are forward‑looking pricing systems, continually scanning for indications that the future may diverge - however slightly - from current conditions.For now, current conditions suggest that the market has yet to reach maximum pessimism.Getty ImagesThe Iran war is now in its fourth week, with no sign that the conflict is nearing an end. Conditions for a stalemate or ceasefire may be brewing, but for now no one is blinking. Without even a hint of de‑escalation, theThis article was written byJames Picerno6.94K FollowersJames Picerno is the director of analytics at The Milwaukee Co., a wealth manager that is the adviser to The Brinsmere Funds, a pair of global asset allocation ETFs. He also edits CapitalSpectator.com and The US Business Cycle Research Report (CapitalSpectator.com/premium-research). He is the author of three books, including "Quantitative Investment Portfolio Analytics In R: An Introduction To R For Modeling Portfolio Risk and Return." Previously he was a financial journalist at Bloomberg and before that at Dow Jones.CommentsTo ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.Is this happening to you frequently? Please report it on our feedback forum.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.