Nasdaq Hits a Record High—But More Stocks Are Hitting New Lows

September 21, 2026 — The Nasdaq closed at a record high today, helped by a huge rally in Meta. But underneath the headline index, something much less bullish was happening: more Nasdaq stocks were hitting 52-week lows than 52-week highs. Meta finished up roughly 11%, while the Nasdaq gained about 2.3% to a record close. Zach Abraham breaks down what that divergence says about market breadth, concentration, and the extraordinary influence of a small group of mega-cap technology companies. He also explains why the warning deserves attention without automatically treating it as proof that a crash is coming. Zach also discusses the latest moves in oil, interest rates, international markets, and why the current environment continues to make simple market narratives unusually difficult to trust.FREE LIVE WEBINAR — THE GAME PLANJoin 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.Register free at KnowYourRiskPodcast.comSchedule your complimentary Know Your Risk Portfolio Review at KnowYourRiskRadio.com