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Navigating the September Slump: Tech Dips and Healthcare Gains · The SPY Trader

• 0:00
  Good morning and welcome back to Spy Trader .
• 0:03
  I am your host , Penny Wiseman , and I am so glad you are spending a bit of your weekend with me .
• 0:09
  It is currently 6 am on Saturday , September 12th , 2026 , here in the Pacific time zone .
• 0:16
  While most of the world is just waking up to their Saturday morning cartoons or a quiet cup of coffee , we are looking back at a pretty wild week on Wall Street .
• 0:26
  If you felt a little motion sickness watching your portfolio this week , you were not alone .
• 0:32
  We officially hit that September wall we always hear about .
• 0:36
  The S&P 500 , or the SPY as we like to call it , finished the week down one point two percent .
• 0:43
  It seems institutional investors are doing some endofsummer housecleaning and rebalancing their portfolios after reaching alltime highs in late August .
• 0:54
  The techheavy Nasdaq100 , represented by the QQQ , took an even harder tumble , dropping two and a half percent .
• 1:02
  This was mostly profittaking in the semiconductor space after a massive summer rally .
• 1:07
  But here is a silver lining : the smallcaps in the Russell 2000 , or the IWM , actually stayed flat .
• 1:15
  It looks like people are moving money out of those big Magnificent Seven tech giants and into some undervalued domestic industrial companies .
• 1:24
  Let us talk about why tech had such a rough go .
• 1:27
  NVIDIA , ticker NVDA , saw a four percent dip this week after news broke about new export restrictions to emerging AI hubs in the Middle East .
• 1:37
  That dragged the whole technology sector , the XLK , down with it as the focus shifts from AI potential to actual monetization .
• 1:46
  On the flip side , healthcare was the star of the show .
• 1:50
  The XLV rose one point eight percent because companies like Eli Lilly , ticker LLY , and Novo Nordisk , ticker NVO , reached new highs .
• 2:01
  They received FDA approval for their Generation 3 obesity drugs , which are showing major cardiovascular benefits .
• 2:09
  Speaking of big names , Apple held its Glowtime event for the iPhone 18 .
• 2:15
  Initially , investors did the classic sell the news dance , but the stock started to bounce back once analysts realized how big the Apple Intelligence 3.0 upgrade cycle could be .
• 2:26
  And we cannot forget Tesla , which jumped over three percent on Friday after getting the green light for Level 4 autonomous driving in three more states .
• 2:36
  Even the banks got in on the action , with JPMorgan Chase , ticker JPM , announcing a surprise ten percent dividend hike that really boosted confidence in a soft landing for the economy .
• 2:49
  Now , why is all this happening ?
• 2:51
  Well , the latest Consumer Price Index report released on September 10th showed headline inflation at two point four percent .
• 2:59
  While that is good , Core Services are still a bit sticky .
• 3:04
  Fed Chair Jerome Powell basically said the inflation dragon is mostly slain , but they are not going to rush into cutting interest rates any further in 2026 .
• 3:13
  This higher for longer strategy kept bond yields interesting , with the tenyear yield sliding to three point eight five percent as people grabbed the TLT bond ETF for safety during the equity selloff .
• 3:25
  So , what is the game plan for your morning coffee and your brokerage account ?
• 3:30
  First , do not panic sell your SPY .
• 3:34
  This dip is seasonal and totally normal for September .
• 3:37
  For a core growth play , I like looking at the Invesco QQQ Trust right now .
• 3:43
  This two and a half percent pullback is a classic healthy correction , and it sets us up nicely for a traditional fourthquarter rally .
• 3:51
  If you want something a bit more defensive , check out the Health Care Select Sector SPDR Fund , or XLV .
• 3:59
  Stocks like UnitedHealth and Amgen offer great stability and lower volatility while we wait for the market to settle .
• 4:05
  And if you are just looking for steady income and stability , the Vanguard Real Estate ETF , VNQ , is looking attractive with a dividend yield near four percent .
• 4:17
  You might also consider the iShares Core U.S.
• 4:19
  Aggregate Bond ETF , or AGG , as a safety net .
• 4:25
  One last tip : if you have high exposure to NVIDIA , maybe trim ten percent of that position and move that money into financials , like the XLF , to capture some of that JPMorgan dividend momentum .
• 4:37
  Stay focused on U.S.
• 4:39
  stocks for the next thirty days and keep an eye on the dollar .
• 4:42
  Remember , the market is a marathon , not a sprint .
• 4:46
  Thanks for joining me on Spy Trader .
• 4:48
  I am Penny Wiseman , and I hope you have a wonderful , relaxing weekend !