Liz Ann Sonders Re-poster

Despite the challenging market conditions today, five out of the eleven S&P 500 sectors are successfully trading in the green. The groups showing positive momentum include Health Care, Consumer Staples, Energy, Utilities, and Real Estate. In contrast, the Financials and Consumer Discretionary sectors are currently trailing the rest of the market.

The February Manufacturing Index from @DallasFed climbed to a reading of +0.2. This result topped the expected -0.8 as well as the previous recording of -1.2. Beneath the headline number, however, categories such as new orders, employment, and shipments all appeared slightly weaker than in the month before. Meanwhile, capital expenditures returned to contraction.

I am pleased to announce that I will join @SquawkStreet on @CNBCClosingBell this morning at approximately 10:05am ET.

Year-to-date, small-cap stocks that are turning a profit are continuing to outpace those that are not, which is a significant reversal from the upside-down market dynamics we witnessed last year. For the purpose of this comparison, profitable companies are defined as those with trailing 12-month earnings per share greater than $0.

Source: Bloomberg, as of 2/20/2026. Please be aware that indexes are unmanaged, do not incur management fees, costs, and expenses, and cannot be invested in directly. Past performance is no guarantee of future results.

The proportion of equities within specific sectors reaching fresh price peaks across distinct timeframes

Here is an overview of the performance regarding sectors and indexes for Friday, as well as MTD and YTD.

Performance data has been updated through Friday's close for both the index tables and the Mag7 chart and table.

MA breadth charts updated thru Friday’s close

Absolutely.

New home sales for December recorded a month-over-month decline of 1.7%. This figure came in below the market estimate, which had projected a rate of 0%. By comparison, the data point for October was reported at -0.1%.

SCOTUS has ruled that the IEEPA provides no authorization for the President to impose tariffs.

We are pleased to announce the release of the newest #OnInvesting podcast episode. In this session, @KathyJones and I break down the latest Fed minutes and examine the AI cascade phase. Furthermore, our expert colleague @KevRGordon joins the conversation to review the latest inflation data and labor market statistics.

During 4Q2025, personal consumption realized a gain of 2.4% on a quarter-over-quarter annualized basis. This result matches the projected 2.4% estimate precisely, though it comes in lower than the prior 3.5% figure.

During 4Q25, real final sales to private domestic purchasers rose by 2.4% (q/q ann.). Even though this marks a decline from the prior quarter, the data indicates a status that is still relatively healthy.

Real GDP for 4Q2025 showed weak performance, registering at +1.4% (q/q ann.). This outcome is below the +2.8% estimate and trails the +4.4% reported prior.

The latest data for the December PCE Price Index reveals a year-over-year increase of 3%. This actual figure exceeds the market estimate of 2.9% as well as the prior reading of 2.8%. Regarding the core metric, the result came in at 2.9%, which sits just above the 2.8% anticipated by forecasts and the 2.8% recorded in the previous period.

December personal income +0.3% m/m vs. +0.4% prior (rev up from +0.3%) … personal spending +0.4% vs. +0.4% prior (rev down from +0.5%)

The proportion of equities within every sector currently hitting fresh price peaks across multiple timeframes.

Here is the performance breakdown across sectors and indexes for yesterday, MTD, and YTD.

The MA breadth charts have been refreshed to cover market activity through the close of yesterday.