Market Pulse

Feb 15

  IndexLast Week1-Month (Trailing)YTD
DJIA
      −1.12%
      +0.74%
      +3.11%
S&P 500
      −0.97%
      −1.42%
      +0.28%
Nasdaq
      −1.63%
      −4.44%
      −2.52%
Russell 2000
      −0.55%
      +0.86%
      +7.00%
MSCI EAFE
      +1.68%
      +5.56%
      +8.65%
MSCI EM
      +1.78%
      +6.31%
      +11.75%
Bloomberg U.S. Agg
      +0.65%
      +0.86%
      +1.04%
Bloomberg U.S. Corp HY
      +0.14%
      +0.26%
      +0.76%
Data as of: Friday, February 13, 2026, 4:00 p.m. ET

See important disclosures below.

Weekly Recap

02/09/2026 - 02/13/2026

U.S. Economy

```
January CPI cooled; core 2.5% y/y
```

CBO projects higher deficits; tariff relief discussed

Equity Market

```
S&P, Dow higher; Nasdaq lower
```

Small-caps, defensives gained; Mag 7 lagged

Bond Market

```
Treasury yields fell; curve flattened
```
```
2-year 3.41%, 10-year 4.05%
```

Around the Globe

Gold, silver, Bitcoin higher; crude steady

```
Yen strengthened; EM outperformed
```

The Week Ahead…

02/16/2026 - 02/20/2026

Mon

```
No major U.S. earnings
```
```
Consumer Analyst Group conference
```

Tue

```
Walmart, Deere, Medtronic earnings
```
```
Empire Manufacturing, Retail Sales
```
```
NAHB Housing Index
```

Wed

Analog Devices, Booking Holdings earnings

```
Durable Goods, Housing Starts (Jan)
```
```
FOMC Minutes (Jan)
```

Thu

Palo Alto Networks, Toll Brothers earnings

```
Philadelphia Fed Index
```
```
Jobless Claims, Pending Sales
```

Fri

Palo Alto Networks, Toll Brothers earnings

```
Philadelphia Fed Index
```
```
Jobless Claims, Pending Sales
```

Markets return from the holiday-shortened week with a heavy mix of earnings and macro data. Retail and industrial bellwethers including Walmart, Deere, and Medtronic highlight Tuesday, offering insight into consumer spending trends and capital investment demand. Midweek brings results from Analog Devices and Booking Holdings, while Palo Alto Networks and Toll Brothers follow Thursday, giving investors a read on enterprise tech budgets and housing activity.

On the economic front, Tuesday’s Empire Manufacturing survey, Retail Sales, and the NAHB Housing Index will help frame early-year momentum. Wednesday features January Durable Goods, Housing Starts, and the release of the January FOMC minutes, which should provide more clarity around the Fed’s pause and the path for rate cuts.

Friday caps the week with advance Q4 GDP and December Core PCE, the Fed’s preferred inflation gauge, alongside February flash PMIs and final Michigan sentiment. Together, the data should shape expectations for growth, inflation, and policy into the spring.

-Matt Shaw, CFA

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This report and the opinions provided herein are for informational purposes only, are not a solicitation, and should not be considered investment advice or a recommendation to buy, sell, or hold any particular security or investment. All opinions expressed herein constitute the author’s judgement as of the date of this document and are subject to change without notice. Statements made are not facts, including statements regarding trends, market conditions and the experience or expertise of author are based on current expectations, estimates, opinions and/or beliefs. Such statements are not facts and involve known and unknown risks, uncertainties and other factors. Past events and trends do not predict or guarantee or indicate future events or results. Information cited in this report has been drawn from sources believed to be reliable and was captured at a point in time. Therefore, the data is subject to change and its accuracy is not guaranteed. DJIA, S&P, Russell 2000, and NASDAQ indices are referenced directly; MSCI EAFE, MSCI EM, BB U.S. Aggregate, Bloomberg U.S. Corp. HY, and all sector figures refer to the respective ETFs as a representative figure. Ategenos Capital, LLC d/b/a AC Wealth Partners does not own or control and is not affiliated with any third-party content provided via hyperlink, quoted, or cited herein. Investors seeking more information should contact their financial advisor. Investing involves risk, including the possible loss of principal. It is not possible to invest directly in an index. Past performance does not guarantee future results. AC Wealth Partners is an investment adviser registered with the SEC. SEC registration does not imply any specific level of training or skill.

Matt Shaw