The Market Took a Week to React to the Fed

September 23, 2026 — The Federal Reserve raised rates last week, but some of the biggest market reactions may only now be showing up. The 10-year Treasury yield surged above 5.1% today to its highest level since 2007 as stocks moved lower. Zach Abraham explains why he believes markets have become slower and stranger at digesting major Fed decisions — often producing an initial reaction, settling down, and then making the more consequential move days later. He breaks down the jump in Treasury yields, the strengthening dollar, what those moves could mean for equities, and why he thinks investors should be cautious about trusting the first market reaction to major policy news. Zach also discusses oil-market volatility, the debate around a potential U.S. export restriction, international markets, precious metals, and the possibility that increasingly extreme monetary-policy ideas become part of the conversation if financial stress rises.

FREE LIVE WEBINAR — THE GAME PLAN

Join Zach Abraham live October 1 at 3:30 PM Pacific for The Game Plan — a free webinar on the market risks shaping the rest of 2026, including inflation, energy, interest rates, AI spending, and what investors should be watching next.

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